September 25, 2018

China hit out against the U.S. in a 71-page paper, accusing President Donald Trump's administration of "trade bullyism practices" that have become "the greatest source of uncertainty and risk for the recovery of the global economy."

The document, published on Monday, outlined the Chinese government's response to criticisms leveled against it by the U.S. Issues addressed in the report include the trade imbalance between the two countries, Beijing's subsidy policy and alleged intellectual property theft by China's companies.

Meanwhile, Beijing called out Washington for practices that it said inhibit fair competition in the U.S. — such as subsidies — and allegedly abusing national security laws to obstruct the "normal investment activities" of Chinese companies on American shores.

Read more:

https://www.cnbc.com/2018/09/25/trade-war-china-white-paper-on-trade-bullyism-practices-by-the-us.html