White paper on China-US trade friction

To promote awareness among all countries of the facts on the China-US Trade Friction and China’s position, the State Council Information Office of China released the white paper ‘The Facts and China’s Position on China-US Trade Friction’ on 24 September. Following are the main contents of the white paper.

1. ‘The Facts and China’s Position on China-US Trade Friction’ comprehensively clarifies the facts about China-US trade and economic cooperation, systematically states China’s stance on China-US trade frictions, describes the mutually-beneficial and win-win cooperation between China and the United States in regards to trade and the economy, outlines the damage of trade protectionism and bullying practices of the US administration towards the world economy, as well as China’s will and determination to safeguard its national interests and the current multilateral trade system. Excluding the foreword, the 36,000-Chinese-character white paper is comprised of six parts.

2. The white paper points out that, since the establishment of diplomatic relations, bilateral trade and economic ties between China and the US have developed steadily; a close partnership has been forged to the benefit of both countries and the rest of the world; trade and economic relations between China and the US are of great significance. The Section 301 investigation produced by the US administration makes a series of false accusations towards China that seriously distort the facts about China-US economic and trade relations. At the same time, the US has also introduced escalating tariff measures that greatly damage years of growing bilateral economic and trade relations and put at risk the multilateral trade system and free trade.

3. The white paper emphasises that economic globalisation is the trend of the times, and peace and development represent the shared aspirations of all peoples. China-US economic and trade ties concern not only the well-being of the two countries, but also world peace, prosperity and stability. Cooperation is the only correct option for China and the US, and only a win-win approach will lead to a better future. China’s position is clear, consistent and firm. China is firmly committed to safeguarding its national dignity and core interests, to the sound development of China-US economic and trade relations, to reforming and improving the multilateral trading system, to protecting property rights and intellectual property rights (IPR), to protecting the lawful rights and interests of foreign businesses in China, to deepening reform and widening national opening-up, to mutually beneficial cooperation with other developed and developing countries, and to building a community with a shared future for all humanity.

4. ‘A just cause enjoys abundant support while an unjust one finds little support.’ 

In a world of increasing uncertainty, instability and insecurity, China will remain true to its original aspirations, follow the trend of the times, shoulder its responsibility for justice, and pursue the greater good. It will unswervingly safeguard the multilateral trading system, press forward with the reform of global governance, promote world peace, contribute to global development, uphold the international order, and build a community with a shared future for mankind.

5. The white paper is available in eight languages; namely, Chinese, English, French, Russian, German, Spanish, Arabic and Japanese.