Q: How can we deal with Sino-US trade frictions to avoid a "trade war"?
A: The key for both is to take the right measures to address this issue appropriately. First is equal consultation. The issues concerning both sides can be brought into the bilateral dialogue for discussion and adhere to the give-and-take principle to seek a win-win solution.
Second is to make the "cake" bigger and bigger. The two sides should narrow and address the difference through a more open mutual investment and trade. The trade imbalance between China and the US should be addressed by the US expanding its export to China, instead of limiting China's export to the US.
Third, both sides need to take each other's reasonable concerns into consideration and respect them. China always attaches much importance to the US' reasonable concerns, such as the protection of intellectual property, and we have taken a lot of positive measures to protect it. Meanwhile we also hope the US will take tangible actions to loosen its export restriction on China and provide a fair environment for China's companies to invest in the US.
Fourth, we can also address such issues through WTO if we fail to find a solution through bilateral channels.
