- Mutual Benefits at the Core: China emphasizes that its economic and trade ties with the US are complementary and mutually beneficial, with vast potential for continued cooperation.
- China Fulfilled Phase One Commitments: The paper claims China fully honored its obligations under the Phase One trade deal, improving IP protection, imports, and market access for US firms.
- US Accused of Breaching the Deal: China accuses the US of undermining the agreement by increasing sanctions, imposing export controls, and setting investment barriers.
- China Supports Free Trade: Since joining the WTO, China says it has contributed to global economic integration by promoting open, transparent, and predictable trade practices.
- WTO Rules Matter: China calls on the US to respect multilateral trade rules and resolve disputes through WTO mechanisms rather than unilateral actions.
- Opposition to Unilateralism and Protectionism: The paper criticizes the US for adopting protectionist policies, arguing these harm not only bilateral ties but global economic stability.
- Dialogue Is the Way Forward: China advocates for resolving trade disputes through equal-footed dialogue and mutually beneficial cooperation rather than confrontation.
- US-China Relations Affect the Whole World: With both nations being economic giants, their cooperation, or lack of it, has far-reaching implications for global growth and stability.
- Confrontation Brings Mutual Harm: China warns that continued conflict in trade relations would hurt both economies and derail progress in global development.
- Cooperation Is a Global Expectation: The paper ends on the note that the world expects the US and China to work together to ensure fair, open, and rule-based global markets.
So what?
According to China’s white paper, cooperation with the US brings benefits to both sides, while conflict causes harm. It calls for fair trade, open markets, and respectful dialogue to settle differences. China believes global economic growth depends on strong and peaceful China-US relations.
