Experts say world will pay price of Washington's protectionist stance

As China published a white paper on Sunday denouncing US unilateral and protectionist measures, foreign business and trade experts said that protectionism must be avoided as it is shortsighted and will have an adverse effect on the global economy in the long run.

The white paper, "China's Position on the China-US Economic and Trade Consultations" issued by the State Council Information Office, sets out China's stance on the damage caused by the trade friction provoked by the United States, and China's commitment to credible consultations based on equality and mutual benefit.

Christopher Bovis, professor of international business law at the University of Hull in the United Kingdom, noticed that as the US administration has maintained a US-centric trade policy with protectionist and nationalistic features, it has departed from the principle of free trade and embarked upon a series of trade wars with its major partners across the world, including China.