Trade war hurts global prosperity, experts say

Increasing tensions between China and the United States will not only impede trade and investment cooperation between the two countries, but also undermine global market confidence and damage economic stability, according to international experts.

Gerd Kaminski, executive vice-president of the Austria-China Association, said he hopes that the US, which he said provoked the current disputes, will respect the principle of multilateralism, halt its hegemonism and trade bullying, and show sincerity in international cooperation.

China has released a white paper on its position on economic and trade consultations with the US, which Kaminksi said effectively defended the legitimacy of China's position on trade and innovation while highlighting US trade bullying and intimidation.