White paper strongly backs multilateralism

The latest white paper released by China on its trade friction with the United States effectively outlines its stance and sends a signal in support of multilateralism, economists and experts said.

"The Facts and China's Position on China-US Trade Friction," released on Monday, details the Chinese government's response to criticisms leveled against it by the unilateralism-leaning administration of US President Donald Trump, including those with respect to the perceived trade imbalance, the industrial subsidy policy and alleged intellectual property theft.

Jon R. Taylor, a political science professor at the University of St. Thomas in Houston, said that the white paper "lays out in detail China's view on the trade war, rightly argues that trade flows are more balanced than Trump and his administration believes".