Officials from the ministry of commerce, the national development and reform commission, the ministry of industry and information technology, the ministry of finance and the state intellectual property office answered questions on the hot issues.

The trend of china-us economic cooperation is irreversible

"Some people in the us claim that China's unfair competition has led to a huge us trade deficit in goods with China and the us has suffered a loss, which is not true, untenable and totally misleading."Commerce ministry international trade negotiator and deputy minister fu ziying said.

Economic and trade cooperation between China and the United States is the natural result of complementary advantages of both sides, the inevitable choice of international industrial division of labor, and the common interests of the two peoples.After nearly 40 years of development, the Chinese and American economies are deeply integrated and interdependent.The common interests of China and the us far outweigh their differences.

The balance of trade is the difference in trading volume, not the profit and loss.Businesses and consumers know best if the United States loses money in bilateral trade with China.Arguably, the trade surplus is reflected in China, but the "" interest surplus" "is in the us.

The formation of the us trade deficit with China is related to the economic structure, international industrial division and statistical differences of the two countries.China-us trade imbalance is also related to us export control to China.The us trade deficit with China could be reduced by about 35 per cent if export restrictions on civilian high-tech products are relaxed, according to us authorities.The fact that the United States does not sell what China wants to import is also an important reason for the current trade imbalance between China and the United States.

Fu ziying said that China is willing to make efforts to promote the development of bilateral trade in a more balanced direction and hopes that the us side will also show a positive gesture.The momentum of economic globalization cannot be changed, and the trend of china-us economic cooperation cannot be reversed.

China is fully capable of hedging the impact of economic and trade frictions

"Further us tariffs on China's $200bn worth of goods will have a direct and indirect impact on the Chinese economy, with individual sectors and regions more affected."But given the controllable risks, the Chinese economy is fully capable of hedging the impact of china-us economic and trade frictions by boosting domestic demand and promoting high-quality development, said lian weiliang, deputy director of the NDRC.

First, China's economy as a whole is resilient.An important feature of China's economy is that it has a complete range of industries, with diversified composition. Different parts can complement and replace each other, and it often shows strong resilience and toughness in coping with external shocks.Second, China's domestic demand has potential.At present, the domestic market has a huge potential, and the regional development is not balanced and there is a short board, so there is a great potential to increase investment.All this has created favorable conditions for the Chinese economy to cope with fluctuations in external demand.Third, the competitiveness of market players has been constantly improved.

How to deal with the downward economic pressure caused by sino-us economic and trade frictions?The specific measures include "three steps" : first, more effectively expanding domestic demand and strengthening weak links; second, more effectively reducing burdens and improving the environment; and third, more effectively adjusting the structure and improving capacity.

Our subsidy policy strictly abides by wto rules

"" China is a member of the wto and the subsidy policy strictly abides by wto rules." "Under market economy conditions, subsidies are a policy tool used by the government to deal with market failures and correct development imbalances, which are widely used around the world, including China and the United States, said zou jiayi, vice minister of finance.

Since its accession to the wto, China has been actively promoting the compliance reform of domestic policies. The current subsidy policy is mainly non-litigation subsidies, supplemented by actionable subsidies.At the same time, we shall earnestly implement the wto's agreement on subsidies and countervailing measures, and regularly notify the wto of the revision, adjustment and implementation of relevant laws and regulations and specific measures in strict accordance with the requirements.

Zou jiayi introduced that as a developing country, China's subsidy policy has been constantly reforming and improving.China strictly abides by its wto commitments.

The global industrial chain is facing major shocks and negative impacts

Luo wen, vice minister of the ministry of industry and information technology, analyzed that the United States will impose tariffs on Chinese goods, which will have a significant impact and negative impact on the global industrial chain.Second, it undermines the international economic and trade rules and throws the global industrial chain into a state of disorder.Third, it reduces the efficiency of international economic operation and exacerbates the risk of inefficiency in the global industrial chain.

"" it's not just Chinese businesses that don't like trade wars, American businesses, workers, farmers, herders, consumers, don't like trade wars.Wang shouwen, vice minister of commerce and deputy representative of international trade negotiations, said that trade wars involve the entire industrial chain, causing damage not only to Chinese companies, but also to companies in the United States and even other countries.For Chinese companies, China has taken steps in a number of ways to provide a good environment for doing business.At the same time, enterprises in the export and international market development aspect also has to be fully prepared for the risk.

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ntellectual property protection will be strengthened in four ways

"The argument that China is accused of inadequate intellectual property protection is groundless and untenable."He hua, deputy director of the state intellectual property office, said this ignored the fact that China has made progress in building its intellectual property protection system over the years, its innovation capacity has been rapidly improved and China has become a major intellectual property country.