China releases white paper on facts and its position on trade friction with US

The Chinese side has been dealing with these differences with an attitude of seeking common ground while shelving divergence, the white paper said. "It has overcome many difficulties and made enormous efforts to stabilize China-US economic and trade relations by holding rounds of discussions with the US side and proposing practical solutions."

However, the US side has been contradicting itself and constantly challenging China, the white paper said.

"As a result, trade and economic friction between the two sides has escalated quickly over a short period of time, causing serious damage to the economic and trade relations which have developed over the years through the collective work of the two governments and the two peoples, and posing a grave threat to the multilateral trading system and the principle of free trade."

The Chinese government published the white paper to clarify the facts about China-US economic and trade relations, demonstrate China's stance on trade friction with the United States, and pursue reasonable solutions.

China-US economic and trade ties concern not only the well-being of the peoples of the two countries, but also world peace, prosperity and stability, the white paper said. "Cooperation is the only correct option for China and the United States, and only a win-win approach will lead to a better future. China's position is clear, consistent and firm."