The Chinese delegation, in a statement, pointed out that in the past 40 years and more, China has persisted in its reform and opening-up, adhered to the path of socialism with Chinese characteristics, and made remarkable achievements.

 

With 800 million Chinese people having been lifted out of poverty, contributing over 70 percent to global poverty reduction, China has become the world's second largest economy and the largest trader of goods. Since 2002, it has continued to contribute nearly 30 percent to global economic growth, according to the statement.

 

These achievements were made through the efforts of the Chinese people, the delegation said.

 

The delegation also said that as the largest developing country, China has been firmly committed to fulfilling its World Trade Organization (WTO) commitments, for example on tariffs, trade in services, intellectual property rights and transparency.

 

China's entry into the WTO has not hurt any country, but has benefited the whole world with China's huge market, it said. There is no such thing as a so-called impairment of the interests of other countries.

 

China abides by WTO rules, actively implements its obligations under international treaties relating to intellectual property rights, and gives equal treatment and protection to the intellectual property rights of domestic and foreign enterprises, it said.

 

Last year, China's intellectual property imports reached 35.8 billion U.S. dollars, ranking fourth in the world. There is no law in China that obliges foreign investors to transfer technology, the delegation said, adding that China's new foreign investment law explicitly prohibits the forced transfer of technology through administrative means.

 

By unilaterally starting a trade war with China, however, the United States violates the rules of the World Trade Organization, it said. This not only undermines China's interests, but also interferes in the normal international economic and trade order, and will have a recessionary impact on the world economy.

 

The delegation stressed that China is unwilling to wage a trade war, but will never compromise on issues of principle, and the two sides should find a mutually acceptable solution through dialogue and consultation based on an equal footing.

 

The delegation noted that Hong Kong affairs are China's internal affairs and brook no external interference.

 

The Sino-British Joint Declaration is an important document between China and Britain on China's resumption of sovereignty over Hong Kong and related transitional arrangements, and its provisions concerning the British side have been fulfilled, it said.

 

No country or organization has the right to interfere in the affairs of Hong Kong under the guise of the declaration, it added.

 

"We have noted that the U.S. stated in its statement that it does not seek conflict with any other country and hopes for peaceful cooperation. We are ready to resolve differences with the United States through dialogue on the basis of equality and mutual respect, seek mutual benefit and win-win results, and jointly advance China-U.S. relations based on coordination, cooperation and stability," the delegation said.

 

"This is not only in the common interests of both sides, but also the common expectation of the international community," it noted.