It’s unfair to say US at a disadvantage in trade with China: Chinese official
By Wang Ke -Mareeg.com-Washington’s accusation that it suffered losses from its trade with China cannot hold water at all, Chinese official pointed out at a Tuesday press conference held by the Information Office of the State Council, explaining the newly released white paper to Chinese and foreign media.
The white paper titled “The Facts and China’s Position on China-US Trade Friction” was published by China on Monday to clarify the facts about China-US economic and trade relations, demonstrate its stance on trade friction with the US, and pursue reasonable solutions.
Senior officials from six departments of Chinese government including the Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, and National Intellectual Property Administration answered questions at the press briefing.
“Some people in the US accused China of unfair competition leading to a huge US trade deficit in goods with China and losses on the US side. Itis not consistent with the facts.” Fu Ziying, China International Trade Representative and Vice Minister of Commerce, told the press conference.
“The accusation from US cannot hold water at all, only to mislead the public ,” he stressed, adding that China-US economic and trade cooperation, which was the natural result of the complementarity of Chinese and American industries and the inevitable choice of the international division of labor, was in the common interests of the two peoples.
In fact, the China-US trade gap did not indicate one side’s gain or loss, but showed the balance in trade volume, Fu said, adding that no one knew better than the related enterprises and consumers themselves on whether or not the US had suffered losses in the bilateral trade.