Beijing (August 18, 2017): China has warned that there is no winner in a trade war after US President Trump’s chief strategist called for a tougher stance towards Beijing.
In a statement on Thursday, Chinese foreign ministry spokeswoman, Hua Chunying said both sides have benefited from trade.
Hua Chunying appealed for dialogue to preserve the sound and steady growth of China-US relations.
Earlier, in comments to The American Prospect posted online, Bannon said the United States is in an “economic war” with China. He recommended pursuing a trade investigation of Beijing’s technology policies and anti-dumping action over Chinese exports of steel and aluminum.
Hua said, “We hope the relevant people can refrain from dealing with a problem in the 21st century with a zero-sum mentality from the 19th or the 20th century.”
On Monday, Trump instructed U.S. trade officials to look into whether to launch a formal investigation into whether Beijing improperly requires foreign companies to hand over technology as a condition of market access.
The Chinese government criticized that as a violation of the spirit of global trade rules. It warned it will take “all appropriate measures” if Chinese companies are hurt.
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