Heavy! Regarding Sino-US economic and trade frictions, China issued a white paper giving 13 authoritative conclusions.
Heavy! Against the background that the US keeps escalating the Sino-US trade friction despite its opposition, the Press Office in the State Council, China today released a white paper entitled "Facts about Sino-US Trade Friction and China’s Position". This nearly 40,000-word document clarified the key facts in Sino-US economic and trade with detailed data and cases, strongly refuted a series of untenable arguments of the US government, and fully expounded China’s position and attitude. On Sino-US economic and trade frictions, the white paper puts forward 13 authoritative conclusions!
Conclusion 1. The "American Loss Theory" is untenable.
Since the establishment of diplomatic relations between China and the United States, bilateral economic and trade relations have continued to develop, and cooperation in trade and investment has achieved fruitful results, achieving complementary advantages and mutual benefit. China has benefited a lot from it, and the United States has also gained extensive and huge economic benefits from it, sharing the opportunities and achievements brought by the development of China.
On the whole, Sino-US economic and trade cooperation is a win-win relationship, not a zero-sum game. American enterprises and nationals have benefited from it, and the "American loss theory" claimed by some Americans is untenable.
Second, it is unfair to blame China for the imbalance of trade in goods between China and the United States.
The imbalance of trade in goods between China and the United States is more a natural result of the independent choice of the market under the American economic structure and the existing comparative advantage pattern. To solve this problem, both sides need to make joint efforts to carry out structural adjustment. It is unfair and unreasonable for the United States to ignore many factors that affect Sino-US economic and trade relations, unilaterally emphasize the imbalance of trade in goods between the two countries, and blame China.
Third, the so-called "fair trade" in the United States will cause a wider range of unfairness
The so-called "fair trade" emphasized by the current American government is not based on international rules, but on the premise of "American priority" and aims at safeguarding America’s own interests.
The "fair trade" and "reciprocal opening" advocated by the United States deny the objective differences in the development stages, resource endowments and advantageous industries of various countries, and ignore the development rights of developing countries, which will inevitably have an impact on the economies and industries of developing countries, resulting in a wider range of unfairness, and ultimately will not be conducive to American enterprises to expand the international market and share the development opportunities of developing countries.
The so-called "compulsory technology transfer" in China is a complete distortion of the facts.
Since China’s reform and opening-up, in order to expand emerging markets, save production expenses, realize economies of scale and extend the time of technology profit, foreign enterprises have taken the initiative to establish cooperative partnership with China enterprises, signed contracts and transferred their production capacity and orders to China, which is entirely a voluntary behavior of enterprises based on commercial interests. We should not distort the original voluntary trading activities of both parties into compulsory technology transfer because of the technological progress of enterprises in China, which is neither in line with historical facts nor a betrayal of the spirit of contract.
The U.S. government calls the voluntary cooperation of foreign-invested enterprises to establish partnership with China enterprises, transfer or license their technology and jointly obtain commercial returns in the China market "compulsory technology transfer", which is a complete distortion of the facts.
Conclusion 5. The accusation of the United States against intellectual property protection in China is contrary to the facts.
China has a clear and firm attitude towards the protection of intellectual property rights, and has continuously strengthened protection at the legislative, law enforcement and judicial levels, and achieved remarkable results. The recent accusation of the US government against China’s intellectual property protection is contrary to the facts, completely obliterating China’s great efforts and achievements in intellectual property protection.
Conclusion 6. China government’s support for enterprises to go global is not a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions.
Like other countries and regions in the world, China government supports powerful and qualified enterprises to invest abroad and expand the international market on the premise of observing the laws and regulations of the host country and international rules, and the government provides convenient services for enterprises’ foreign investment cooperation. The United States regards the China government’s support for enterprises to go abroad as a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions, which lacks factual basis.
Conclusion 7. There are a large number of investment and trade restrictions policies and behaviors in the United States.
There are a large number of investment and trade restrictions policies and behaviors in the United States that distort market competition, hinder fair trade and split the global industrial chain, which are detrimental to the rule-based multilateral trading system and seriously affect the normal development of Sino-US economic and trade relations.
Conclusion 8. The international trade friction provoked by the United States will ultimately harm the long-term interests of the United States.
As the main founder and participant of the international economic order and multilateral trading system after World War II, the United States should take the lead in observing multilateral trade rules and properly handle trade frictions with other member countries through the dispute settlement mechanism under the framework of the World Trade Organization, which is also a clear commitment made by the US government to the international community. However, since taking office, the new American administration has unilaterally emphasized "American priority", pursued unilateralism and economic hegemonism, abandoned international commitments, and provoked international trade frictions in all directions, which not only harmed the interests of China and other countries, but also damaged the international image of the United States itself, shaken the foundation of the global multilateral trading system, and will ultimately harm the long-term interests of the United States.
Conclusion 9. The extreme trade protection measures taken by the United States hurt global economic and trade relations.
A series of extreme trade protection measures adopted by the US government have destroyed the international economic order, harmed global economic and trade relations including Sino-US economic and trade exchanges, impacted the global value chain and the international division of labor system, interfered with market expectations, and triggered violent shocks in international finance and commodity markets, which has become the biggest uncertain factor and risk source for global economic recovery.
Conclusion X. China is confident, determined and capable of coping with various risk challenges.
For the trade war, China is unwilling to fight, not afraid to fight, and has to fight if necessary. We have strong economic resilience and broad market space, the industrious and intelligent people of China, and the support of all countries in the world that oppose protectionism, unilateralism and hegemonism. We are confident, determined and capable of coping with various risk challenges. No external factor can prevent China from developing and growing.
The healthy and stable development of Sino-US economic and trade relations is expected by the international community.
Sino-US economic and trade frictions are related to global economic stability and prosperity, and to world peace and development, and should be properly resolved. Peace between China and the United States is beneficial, but fighting is harmful. It is in the fundamental interests of the two peoples and the common interests of the people of the world to maintain healthy and stable economic and trade relations between the two sides, which is expected by the international community.
Conclusion XII. The open door of China will not be closed, but will only grow wider and wider.
Reform and opening up is the basic national policy of China and the fundamental driving force for the development of China. The direction of China’s reform will not be reversed, but will continue to deepen. China’s open door will not be closed, but will only get wider and wider. China will continue to deepen reform and open wider to the outside world in accordance with the established deployment and pace, comprehensively promote the rule of law and build a socialist country ruled by law.
Conclusion XIII. China adheres to the general trend and the right path and unswervingly upholds the multilateral trading system.
If you get the word, you will get more help, but if you lose it, you will get less help. Faced with the international situation of increasing uncertainties, instability and insecurity, China Do not forget your initiative mind has always walked with the world, followed the general trend, upheld justice and followed the right path, unswervingly safeguarded the multilateral trading system, unswervingly promoted the reform of the global governance system, always been a builder of world peace, a contributor to global development and a defender of the international order, and unswervingly promoted the building of a community of human destiny.
(finishing: People’s Daily client Yue Xiaoqiao Zuo Xiao)