State Coun­cil Re­sponds to Trade Con­flict

NewsChina - - NEWS BREIF -

On Septem­ber 24 China's State Coun­cil is­sued its first of­fi­cial re­sponse to the es­ca­lat­ing Sino-us trade con­flict.

It came in the form of an of­fi­cial doc­u­ment that, ac­cord­ing to Xin­hua News Agency, aimed to clar­ify the bi­lat­eral trade re­la­tion­ship and China's po­si­tion on the trade fric­tion.

The re­port said a sound Sino-us trade re­la­tion­ship was of great sig­nif­i­cance to global eco­nomic de­vel­op­ment and sta­bil­ity. It said as US Pres­i­dent Don­ald Trump ad­vo­cated his “Amer­ica First” strat­egy and sup­pressed some ris­ing coun­tries, es­pe­cially China, uni­lat­er­al­ism, pro­tec­tion­ism and eco­nomic hege­mony had made a come­back, which had se­verely dam­aged the bi­lat­eral re­la­tion­ship and fair mul­ti­lat­eral trade.

The re­port de­nied the US charge that China has pur­posely pro­duced a trade sur­plus and forced for­eign com­pa­nies to trans­fer their in­tel­lec­tual prop­erty in re­turn for ac­cess to the vast do­mes­tic mar­ket. It em­pha­sized China was mak­ing ef­forts to en­hance in­tel­lec­tual prop­erty pro­tec­tion, such as im­prov­ing laws and tight­en­ing the crack­down on in­tel­lec­tual prop­erty theft. The re­port also crit­i­cized the US for dis­tort­ing trade com­pe­ti­tion and ob­struct­ing free trade.

It con­cluded say­ing China would al­ways be open to talks based on eight “in­sis­tences,” in­clud­ing serv­ing na­tional in­ter­ests, pro­tect­ing in­tel­lec­tual prop­erty and for­eign in­vestors, pro­mot­ing mul­ti­lat­eral trade, and deep­en­ing re­form and open­ing-up.

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