"Indeed, many foreign companies have reaped huge benefits from setting up joint ventures in China over the years," Cui noted.
The structural problems of China's economy are also a source of American criticism. However, this is "neither fair nor objective," he added.
As for U.S. accusations against the legal basis of China's countermeasures, Cui said such remarks are no more than "a thief crying 'stop, thief.'"
"Domestically, the 301 investigation runs counter to the U.S. President's Statement of Administrative Action approved by Congress; internationally, it has violated its commitment made in the resolution of the General Agreement on Tariffs and Trade dispute with the European Community in 1998," he said.
TRADE BULLYING
Despite China's "maximum sincerity and patience" in trade talks, "unfortunately, the U.S. has betrayed its own words," Cui said.
"From February to June of this year, China ... engaged in four rounds of high-level economic talks with the U.S. As a result, the China-U.S. joint statement has been announced with consensus reached on strengthening trade and economic cooperation, and avoiding a trade war," he said.
However, Washington "brazenly abandoned bilateral consensus and insisted on fighting a trade war with China, forcing us to take countermeasures," said Cui.
He noted that China will not yield to the Trump administration's trade bullying.
【国内英语资讯:Spotlight: Chinese ambassador refutes U.S. trade accusations】相关文章:
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