China's state council: Cooperation is the need of the hour US and China

China published a white paper a few minutes before press time, clarifying the facts about China-US economic and trade relations.

Key points (Source: Xinhua)

Some level of trade friction is only natural. The key, however, lies in how to enhance mutual trust, promote cooperation, and manage differences.

Trade and economic relations between China and the United States are of great significance for the two countries as well as for the stability and development of the world economy.

The US has brazenly preached unilateralism, protectionism, and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs and attempting to impose its own interests on China through extreme pressure.