China on Friday strongly opposed what it called the United States' "false accusations" and related investigative measures, after the US Trade Representative Office announced a new tariff inquiry into China's compliance with the 2020 "Phase One" trade deal, according to a statement from the Chinese Embassy in Washington.
In the statement, the embassy spokesperson said that "as a major country that takes its responsibilities seriously", China has "scrupulously fulfilled its obligations" under the Phase One Economic and Trade Agreement.
These obligations include measures to protect intellectual property, increase imports, and expand market access, steps that the spokesperson said have "created a favorable business environment geared to investors of all countries including US companies for them to share the benefits of China's economic development".
The USTR announced the probe just one day before high-ranking US and Chinese trade officials were set to meet in Kuala Lumpur for a fresh round of trade negotiations, the fifth since May.
Citing "China's Position on Some Issues Concerning China-US Economic and Trade Relations", a policy document released by China's State Council Information Office in April, the statement noted that since the deal took effect in January 2020, China has worked to overcome "multiple adverse factors", such as the pandemic, supply chain disruptions, and the global economic downturn, to ensure the deal's implementation.
The white paper also recalled that...
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