Free Trial

MNI: China Calls U.S. Report On Trade Ties 'Irresponsible'

By William Bi
     BEIJING (MNI) - China's Ministry of Foreign Affairs on Wednesday dismissed
a recent U.S. Congressional report on bilateral economic relations as
"irresponsible comments" by a group with "long-held and deeply rooted biases"
against China. 
     In its 2017 report released this month, the U.S.-China Economic and
Security Review Commission cited a long list of unfair practices by China,
including failing to uphold its obligations under the World Trade Organization,
discriminatory treatment of U.S. companies, predatory investment attempts into
critical U.S. industries, and cyber espionage. 
     "Whether it's the U.S. authorities or Chinese ministries, it would be sad
if these conclusions from such an agency were used as the basis for formulating
policies," ministry spokesman Lu Kang told reporters. 
     China and the U.S. made important and fruitful achievements in economic and
trade cooperation during the visit by President Donald Trump earlier this month,
Lu said. "We urge this commission to stop giving irresponsible comments on
issues related to China," he said. 
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$U$$$,MC$$$$,MT$$$$,MBQ$$$,MBU$$$,MGQ$$$,MGU$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.