The Chinese Foreign Ministry says the United States can not formulate commercial standards based on its own interests – Finance News – Xincheng Finance Channel



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The Chinese Ministry of Foreign Affairs has stated that the United States can not formulate trade standards according to its own interests

16/7/2018 16:31
The People's Daily says that US accuses China of long-term commitment in "301 Investigations Statement" Chinese Foreign Ministry spokesman Hua Chunying said that equity depends on equality consultations among all to formulate international rules, not to talk to each other, to set standards according to their interests and even to sacrifice others.
She pointed out that the Commerce Department had earlier pointed out that the US charge was completely misrepresenting the facts and that it was untenable, that the United States was primarily responsible for global trade rules and that the US dollar was also the main currency of settlement for international trade, China is a latecomer of international trade, accepting the rules of the WTO and arguing that the rules established by manufacturers will not be beneficial to the people.
Hua Chunying also said that Sino-US trade has increased over the last 40 years. 230 times, last year, the total volume of trade between the two countries was close to 600 billion US dollars, which is the economic law, as well as Sino-US trade and trade Mutual benefit and win-win winning, the mainland has become the largest trading partner of more than 120 countries and regions, the world's largest export market, the developing country that attracts the most foreign investment and men of Business is not in the red. Have other countries already concluded a deficit contract with China?

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