The deficit of the US in its trade with China is the result of multiple factors, including global division of labor and the two country's varied competitive strengths, an official with China's Foreign Ministry said on Wednesday.
China supports necessary reforms of the World Trade Organization (WTO), but it cannot be renewed and reinvented, a senior Chinese trade official said on Thursday.
Showing defiance in the face of intense pressure from the US, China on Tuesday said it would not back down from an escalating trade standoff with the US, vowing to take measures to counter the latest round of US tariffs on billions of dollars worth of Chinese goods.
The foreign ministry on Monday vowed to firmly safeguard China's legal interests and strike back as necessary at new US tariffs on Chinese products.
The United States' unilateral measure of imposing additional tariffs won't solve its trade deficit issue, a spokesperson for China's Ministry of Commerce (MOC) said Thursday.
China will firmly promote a new round of reform and opening-up, the next step of which is only set to be faster, said a Chinese official on Wednesday, expressing a welcome attitude toward foreign investment including from US firms despite the prolonged trade war.
The threat and pressure of further tariffs from the United States can only be counterproductive, a Chinese Foreign Ministry spokesperson said Wednesday.
A trade war started by the US will bring further challenges to Sino-US economic and trade ties, and China will try to increase diversity of foreign trade in the global market, a Chinese trade official said Thursday.