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The latest statement of the Ministry of Commerce refutes the US allegations of trade with China one by one

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The latest statement of the Ministry of Commerce refutes the US allegations of trade with China one by one

Date of release:2018-07-16 Author: Click:

At 8:30 in the evening, the Ministry of Commerce website published a short title: "The Ministry of Commerce issued a statement."

All of the more than 1,800 words, the amount of information is enormous. It can be said that this is the most complete and comprehensive statement of the official expression of the Chinese government. It is also the official authority judgment of the Chinese side, which is aimed at the US intention and the nature of the US behavior. It can be regarded as not only to the United States but also to the world. Shout.

The statement is aimed at the "Statement on the 301 Investigation" issued by the United States. In this statement, the US accused China of "unfair trade" and "disregarding the reasonable claims of the US" and accused China of "theft of intellectual property rights" and "targeting Compulsory technology transfer of Chinese foreign companies, etc.

The evening statement of the Ministry of Commerce is precisely a piecemeal rebuttal to the US allegations. In fact, many of these rebuttals have been interpreted in the previous article by the Knights Island. Recently, an industry authority close to the island of Chitose said that there is no evidence at all for the considerable proportion of these US allegations against China. The reason why we counter the counter-measure is because we cannot condone the US scornful rules and engage in trade blackmail with various excuses.

Let's take a look at the statement of the Ministry of Commerce, from which you should be able to read a lot of things.

In response to the "Statement on the 301 Investigation" issued by the US Trade Representative Office on July 10, the Ministry of Commerce of the People's Republic of China stated the following.

First, the US filthy China's unfair practices in economic and trade exchanges, which account for the low price, are distorted facts and untenable. For the purpose of domestic political needs and suppressing China's development, the US has fabricated a set of policy logics that distort the truth about Sino-US economic and trade relations.

In fact, the deep-seated problems in the US social economy are entirely caused by structural problems in the United States. The success of the Chinese economy has never been the success of pursuing "mercantilism", and it has never been the success of the so-called "state capitalism." It is the success of firmly promoting market-oriented reforms and continuously expanding opening up.

 Regarding the "China-US trade imbalance" issue. The US said that there are a large number of trade deficits with China, and its figures are overvalued, and the main reason is not in China, but because the US domestic savings rate is too low and the US dollar plays the role of the major international reserve currency, which is the difference in industrial competitiveness and international division of labor. It is also because the US side has imposed artificial restrictions on the export of high-tech products that have comparative advantages because of the Cold War mentality (On April 20, [the solution] Trump launched a trade war, his intentions are never as simple as you think). .

Regarding the so-called "theft of intellectual property rights". The Chinese government has established a relatively complete intellectual property legal protection system, and has continuously played a leading role in the judicial protection of intellectual property rights, and promoted the establishment of intellectual property courts and specialized judicial institutions. In 2017, China’s external use of intellectual property fees reached US$28.6 billion, a 15 times increase over the WTO accession in 2001.

Regarding the so-called "compulsory technology transfer" issue. The Chinese government has not made such a request to foreign-funded enterprises. The technical cooperation and other economic and trade cooperation between Chinese and foreign companies are entirely based on the voluntary principle of contractual behavior. For many years, both enterprises have obtained huge benefits.

Industrial policies such as "Made in China 2025". Under the conditions of a market economy, the Chinese government's implementation of these policies is mainly guiding and leading, and is open to all foreign-funded enterprises. Ironically, the United States itself has a large amount of subsidies in agriculture and manufacturing (April 24, [the solution] White House internal report, revealing that the United States is suppressing the inside of the Chinese chip industry).

Second, the US side accuses China of disregarding China-US economic and trade differences and failing to respond positively. This is not true. The US side claimed that it has "always patiently" doing work for the Chinese side, and the Chinese side ignored it. In fact, China always attaches great importance to the economic and trade differences between the two sides. From the overall situation of safeguarding China-US economic and trade cooperation, we have been pushing with the utmost sincerity and patience in order to meet the growing needs of the Chinese people and to promote the high-quality development of China's economy. The two sides resolved their differences through dialogue and consultation.

From February to June this year alone, China conducted four rounds of high-level economic and trade consultations with the US, and issued the "Sino-US Joint Statement" on May 19, reaching an important consensus on strengthening bilateral economic and trade cooperation and not fighting trade. Due to domestic political needs, the US side has been erratic and rebellious. It has blatantly abandoned the consensus of both sides and insisted on a trade war with China. The Chinese side has done its utmost to avoid the escalation of economic and trade frictions. The matter has developed to this point, and the responsibility lies entirely with the US. (May 20, heavy! China and the United States issued a joint statement on economic and trade consultations)

Third, the US has accused the Chinese side of counter-action without an international legal basis. In fact, it is precisely the US side that has unilaterally initiated a trade war without any international legal basis.

 In August 2017, the US side unilaterally launched a 301 investigation against China despite the opposition of the Chinese and the international community. In March 2018, the United States produced a so-called 301 investigation report. In spite of the 91% opposition in the solicitation of opinions, on July 6, a 25% tariff was imposed on China's $34 billion exported to the United States. On July 11, the United States intensified its efforts to announce a list of tariffs to be imposed on China’s $200 billion product.

The U.S. 301 investigation violated its president’s administrative statement to Congress under domestic law and violated its commitments made in the 1998 EU v. US World Trade Dispute case under international law. The US taxation measures are a flagrant violation of the WTO's MFN principle and binding tariff obligations. They are typical unilateralism, trade protectionism, and trade hegemonism. They are a flagrant violation of the basic spirit and principles of international law.

The Chinese side is forced to take counter-action actions, which is an inevitable choice for safeguarding national interests and global interests. It is completely legitimate, reasonable and legal. Regarding the threat of trade wars repeatedly issued by the US, the Chinese government has repeatedly stated its principled stance of "do not want to fight, not afraid to fight, and have to fight when necessary." The Chinese side insisted on not taking the first shot, but was forced to adopt reciprocal counter-measures when the US took the lead in launching a trade war.

The Chinese side is doing this in order to defend the national dignity and the interests of the people, defend the principle of free trade and the multilateral trading system, and defend the common interests of all countries in the world。 The Chinese government has resorted to US unilateralism to the WTO dispute settlement mechanism。 The Chinese government is forced to adopt corresponding bilateral and multilateral responses to the emergencies caused by the unilateral US approach, which is in full compliance with the basic spirit and principles of international law。


   


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