China's MOC issues statement on U.S. investigation

China’s Ministry of Commerce (MOC) released a statement on July 12 regarding the Statement by the U.S. Trade Representative on Section 301 Action released on July 10. The following is the major points of the statement.

I. The slander of the United States against China about gaining extra advantage through unfair trade practice is a distortion of facts and hence is groundless.

II. The United States’ accusations that China neglects differences in trade and has not taken active measures are not true.

III. The United States accused China’s countermeasures have no international legal basis, but in fact it is the U.S. unilateral initiation of a trade war that has no international legal basis at all.

IV. That China was forced to take counteractions is an inevitable choice to defend national interests and global interests, and is perfectly rightful, reasonable and lawful.

V. The United States is not only launching a trade war with China, but also with the whole world, dragging the world economy into danger.

VI. China will continue to firmly push ahead with reform and opening according to the plans and pace that are set, and work with the rest of the world to firmly uphold free trade and the multilateral trading system. 

         

 

 

 

Chinas MOC issues statement on U.S. investigation

Chinas Ministry of Commerce (MOC) released a statement on July 12 regarding the Statement by the U.S. Trade Representative on Section 301 Action released on July 10. The following is the major points of the statement. I. The slander of the United States against China about gaining extra advantage through unfair trade practice is a distortion of facts and hence is groundless. II. The United States accusations that China neglects differences in trade and has not taken active measures are not true. III. The United States accused Chinas countermeasures have no international legal basis, but in fact it is the U.S. unilateral initiation of a trade war that has no international legal basis at all. IV. That China was forced to take counteractions is an inevitable choice to defend national interests and global interests, and is perfectly rightful, reasonable and lawful. V. The United States is not only launching a trade war with China, but also with the whole world, dragging the world economy into danger. VI. China will continue to firmly push ahead with reform and opening according to the plans and pace that are set, and work with the rest of the world to firmly uphold free trade and the multilateral trading system.