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It went on and noted that there are problems that need to be addressed, such as the extensive but inefficient economic development model, the need for the transition to a stage of high-quality development, and development gaps between urban and rural areas and between eastern and western regions.
For the purpose of meeting its political need at home and containing China, the U.S. side produced a whole set of policy logics that distorted the truth of China-U.S. economic and trade relations. As a matter of fact, underlying problems in the American economy and society are purely caused by domestic, structural reasons in the United States. The success of the Chinese economy has never been a success of practicing mercantilism outside China or the success of practicing the so-called state capitalism. Rather it is a success of the commitment to market-oriented reform and continuous opening-up. First, China-U.S. trade imbalance. The U.S. side claims that it has massive trade deficit with China, but its number is over estimated, and the main reason for the deficit does not lie on the Chinese side. Rather it is because saving rate in the United States remains low, the U.S. dollar serves as international reserve currency, and the two countries differ in industrial competitiveness and international division of labor. Besides, the United States, due to its cold-war mentality, imposes restrictions on the export of hi-tech products which has comparative advantage. Second, the so-called theft of intellectual property. The Chinese government already put in place a full-fledged legal system to protect intellectual property rights, allowed judicial system to play a leading role in IPR protection, and promoted the establishment of IPR courts and dedicated IPR tribunals. In 2017, China paid 28.6 billion U.S. dollars worth of IPR royalty, a 15-fold increase from 2001 when China joined the World Trade Organization. Third, the so-call "forced technology transfer". The Chinese government did not make this kind of request to foreign companies, and cooperation between Chinese and foreign companies in technology and other economic and trade field is contract behavior purely based on voluntary principle. Both sides have reaped huge benefit from the cooperation over the years. Fourth, "Made in China 2025" and other industrial policies. Under market economy conditions, these policies implemented by the Chinese government are guiding documents in nature, and are open to all foreign-funded companies. The irony is that the country providing massive trade subsidy in agriculture and manufacturing happens to be the United States itself.

In the first half of 2018, trade exchange between China's Yunnan province and the UAE grew 3 times year on year and hit 280 million dollars, according to Zhao.
BEIJING, June 28 (Xinhua) -- The visit by U.S. Secretary of Defense James Mattis to China has produced positive and constructive outcomes, said a spokesperson for China's Ministry of National Defense.
Speech by H.E. Xi Jinping
来源:资阳报