Sino-US trade: China sends positive messages

Sino-US trade: China sends positive messages

Agency News

Washington, June 5: China's white paper on Sino-US economic and trade consultations sent firm and positive messages of the bilateral trade relations, a US expert on China said.

The tone of the white paper, titled "China's Position on the China-US Economic and Trade Consultations," is firm but restrained in making its key points, said Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies.

"There were no bitter recriminations, the repeated instances of US backtracking were objectively laid out, and certainly no strong statement of threat or counter-measures was issued," said Gupta.

China's State Council Information Office published the white paper, denouncing US unilateral and protectionist measures, criticising its backtracking on China-US trade talks, and expounding China's stance on trade consultations and pursuit of reasonable solutions.

In an escalation of the trade tensions, Washington on May 10 increased additional tariffs on 200 billion US dollars' worth of Chinese imports from 10 per cent to 25 per cent, and has threatened to raise tariffs on more Chinese imports. In response, China raised additional tariffs on a range of US imports on Saturday. (UNI)