The U.S. government imposed a 10 percent tariff on about $200 billion of Chinese goods at midnight today.At the same time, the Chinese government imposed tariffs ranging from 5% to 10% on some $60 billion of imports from the United States.

At 13pm on this same day, the state council information office issued a white paper on facts and China's position on china-us economic and trade frictions, aiming to "clarify the facts of china-us economic and trade relations, clarify China's policy and position on china-us economic and trade frictions and push for reasonable settlement of issues".

As you know, the white paper is internationally recognized as an official document with a white cover.The 36,000 word document is also the most detailed and relevant data released by China since the us started a trade war.

So what does this multimillion-word white paper really say?

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Since the first white paper was released in 1991, China has published more than 90 white papers by 2017.Since the beginning of china-us trade frictions, China issued a white paper on China and the world trade organization in June this year, stressing that China will always honor its wto accession commitments and reaffirming China's principled position and policy proposition of participating in the building of multilateral trade system.

Today's white paper is the first of its kind issued by the Chinese government specifically on trade frictions between China and the United States.

In addition to the preface, the white paper has six parts. It lists a large number of facts about china-us economic and trade relations, directly criticizes the us government's "trade protectionism" and "trade bullying", and elaborates on the harm to world economic development caused by such practices. Of course, it also indicates China's position.

In other words, in the face of America's "largest ever" imposition of tariffs, China responded to America's "reasons for war" with data and examples in the form of official documents.

For example, the white paper starts with the definition of china-us economic and trade relations.First of all, "China is the world's largest developing country, and the United States is the world's largest developed country" should be placed in a correct position.What's more, history should be made clear: over the past 40 years, china-us economic and trade exchanges have overcome numerous obstacles and formed a mutually beneficial and win-win relationship featuring highly complementary structures and deeply intertwined interests.

But, pay attention to the "but" : since 2017, especially in under the guidance of the principle of "the priority", the United States abandoned mutual respect, equal consultation, basic principles, such as international communication take unilateralism, protectionism and economic hegemonism and lead to china-us economic and trade frictions in a short period of time continue to upgrade, make great damage sino-us economic and trade relations, also make the multilateral trading system and the principle of free trade suffered a serious threat.

From the national positioning of China and the United States to the economic and trade history of China and the United States, review the situation since 2017.It is quite clear who is responsible for "working hard for 30 years and returning to the former liberation".

Everyone in China knows this truth, but the white paper is to convey this truth to the world clearly and unmistakably, to clarify public opinion and correct the situation.Many foreign journalists will be present at the conference, which will be held on the morning of the 25th.

The second

The second big point about the white paper is that, given its size, it might as well use a bit more facts and data to pull it out in front of the world and see if it makes sense for the United States to pull the Chinese cap.

We know, the reason to start a trade war, br navarro in its economics very disagree with fatal China written by those reasons, such as "trade with China, the United States lose out", "China forced technology transfer", etc., in the end, the United States for the demand of "fair trade", announced tariffs on Chinese goods.

So is the us "losing"?According to the white paper, us exports to China are growing significantly faster than its exports to the world.U.S. exports to China totaled $129.89 billion in 2017, up 577% from $19.18 billion when China joined the wto in 2001 and well above the growth rate of U.S. exports to the world.

Is China taking American jobs?The white paper reveals a set of data:

The u.s.-china business council estimates that U.S. exports to China and two-way investment supported 2.6 million U.S. jobs in 2015.Chinese investment in the United States is spread across 46 states, creating more than 140,000 jobs in the United States, mostly in manufacturing.

In addition, made-in-china products help lower prices in the United States and save American families more money.According to the report, the u.s.-china business council study showed that in 2015, trade between the United States and China saved an average of $850 a year in costs per U.S. household, or 1.5 percent of U.S. household income.

To be honest, all economics would acknowledge the basic fact that trade is good for both sides, and that cheap, chinese-made goods not only bring tangible benefits to consumers around the world, including americans, but also help lower their inflation rates.

Is China compulsory technology transfer established?According to the white paper, China's investment in scientific research has grown by 20 per cent a year since 2000.In 2017, China's research spending reached 1.76 trillion yuan, ranking second in the world.At several hearings before the introduction of the us tariff policy, the us companies present have repeatedly said that "we have not suffered forced technology transfer in China".

Now patents.The number of patent, trademark and industrial design applications in China hit a new high in 2016, according to the wipo report.The number of patent applications accepted by China exceeds that of the United States, Japan, South Korea and the European patent offices combined, ranking first in the world. China's patent applications account for 98% of the global increase.

In other words, the so-called "forced technology transfer" rhetoric conceals the fact that the us is actually the beneficiary.The report by the peterson institute for international economics, a us think tank, noted that China's licensing fees and royalties for using foreign technology have soared, reaching nearly $28.6 billion in 2017, a nearly fourfold increase over the past decade.According to Chinese statistics, the United States ranks first in China

China's royalty payments to the United States have doubled in six years to $7.2 billion in 2017, from $3.46 billion in 2011.In 2017, China's payment to the United States accounted for a quarter of China's total foreign payment of intellectual property royalties.