|
China rolls out a white paper and not a white flag in US trade war
[Asia Times] It contains 36,000 Chinese characters and condemns the United States for starting the trade war. US President Donald Trump will probably dismiss Beijing’s white paper in little more than a 120-character tweet.Released on Monday by the official Xinhua news agency, Facts About the China-US Trade Dispute and China’s Stance, is the first comprehensive document from President Xi Jinping’s administration on the new economic Cold War. Link to announcement of White Paper “Intimidation” and “bullying” are used frequently while Washington has been accused of “contradicting itself and constantly challenging China.” This, in turn, has caused “serious damage” to trade relations between the world’s two largest economies. “[The US] has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China,” the government document stated. “It has intimidated other countries through economic measures, such as imposing tariffs and attempted to impose its own interests on China through extreme pressure. The key, however, lies in how to enhance mutual trust, promote cooperation, and manage differences,” the white paper concluded. But according to the official newspaper of the country’s ruling Communist Party, the People’s Daily, the world’s second-largest economy is being punished for “hard work and innovation.” “After more than a century of hard work, China has returned to the center of the world stage, and this is the basic fact we must observe in the China-US trade friction,” the People’s Daily stated in a commentary. “Such a large size, such a heavy thing, can’t be hidden by ‘being low key,’ just like an elephant can’t hide behind a sapling,” it added. Certainly, not an “elephant” holding a white paper containing 36,000 Chinese characters. Posted by: 3dc 2018-09-25 |
| http://www.rantburg.com/poparticle.php?ID=524003 |