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China has accused the United States of failing to keep its promises in trade negotiations and has urged the world's largest economy to cooperate and jointly resolve trade disputes.
A white paper released Sunday by the State Council Information Bureau of China said: "Cooperation is the only correct choice for China and the United States and the win-win solution is the only way to a better future.
"With regard to Sino-US economic and trade consultations, China is looking to the future, not the back. Disputes and conflicts on the trade and economic front must ultimately be resolved through dialogue and consultation, "said the white paper titled" China's Position on China-US Economic and Trade Consultations. "A Beneficial Agreement serves the interests of China and the United States and meets the expectations of the world.
The paper says the US government bears the blame for the backlash in trade talks with China.
"It is common for both sides to make new proposals for text and language adjustments in ongoing consultations. During the more than ten rounds of previous negotiations, the US administration has continued to change its claims. It is unwise to accuse China of "backing off" while talks continue, "said the white paper.
Beijing said that she had shown the utmost sincerity and a keen sense of responsibility in resolving the trade dispute through dialogue by sending a high-level delegation to the United States, as agreed, for the eleventh round of economic and trade consultations from 9 to 10 May.
China has strongly expressed its opposition to the unilateral tariff increase imposed by the United States and has affirmed its strong position that it should take the necessary countermeasures.
In early May, US President Donald Trump said in a Twitter article that the US would increase tariffs on Chinese products by US $ 200 billion from 10 percent to 10 percent on May 10. while China made significant changes to the detailed terms of the written agreement supposed to be signed by leaders on both sides in May or June.
Vice Premier Liu He led the delegation to the United States in May. The meeting failed to change Trump's decision to raise tariffs on Chinese products on May 10th. On Saturday, China increased tariffs on US imports worth $ 60 billion next month.
Last month, the US Department of Commerce added Huawei Technologies to its list of entities, banning US hardware and software companies from selling their products to the Shenzhen-based company for national security reasons . He then granted a 60-day license to Huawei for the purchase of US goods and services until August 19th. Analysts said Huawei should cut production if its smartphones could not use US chips and Google's Android system.
Beijing on Sunday rejected the idea that the threats of a trade war and continuing rate hikes could ever help solve trade and economic problems.
Guided by a spirit of mutual respect, equality and mutual benefit, the two countries should continue their consultations with consultations based on good faith and credibility in order to solve problems, reduce differences, to expand common interests and jointly preserve global economic stability and development, the document says.
China stated that it was consistent and clear about its position, that it wanted to resolve the issues through dialogue rather than tariff measures. "However, China will not fall under the pressure and will meet all the challenges that will come its way. China is open to negotiation, but will fight to the end if necessary, "he added.
Chinese and US leaders will gather at the G20 summit in Osaka, Japan on June 28-29, said Dai Xianglong, former chairman of the People's Bank of China, in Beijing on May 31. However, Beijing was not optimistic a breakthrough in Sino-US trade disputes, said Dai.
US Vice President Mike Pence said he was expecting a meeting of Xi-Trump at the G20 summit.
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