CHINA RELEASES WHITE PAPER ON TRADE FRICTION WITH U.S.

China published a white paper on September 24 to clarify the facts about China-U.S. economic and trade relations, demonstrate its stance on trade friction with the United States, and pursue reasonable solutions.

Excluding the foreword, the 36,000-Chinese-character white paper is comprised of six parts: mutually-beneficial and win-win China-U.S. cooperation in the trade and economic field, clarification of the facts about China-U.S. trade and economic relations, the trade protectionist practices of the U.S. administration, the trade bullyism practices of the U.S. administration,damage of the improper practices of the U.S.administration to global economy, and China's position.

The white paper said China and the United States have made tremendous efforts over the past 40 years to overcome all kinds of obstacles and move economic and trade relations forward, which has served as the ballast and propeller of the overall bilateral relationship.

However, the new administration of the U.S.government has trumpeted "America First" since taking office in 2017, and has abandoned the fundamental norms of mutual respect and equal consultation that guide international relations, said the white paper.

“China-U.S. economic and trade ties concern not only the well-being of the peoples of the two countries, but also world peace, prosperity and stability,” the white paper said. “Cooperation is the only correct option for China and the United States, and only a win-win approach will lead to a better future. China's position is clear, consistent and firm.”