China: US accusations are 'baseless' - Reuters

Joshua Gibson FXStreet

As reported by Reuters, China is going on the offensive in retaliation to statements by the US, reiterating their calls that the US' accusations are baseless:,

Key quotes

China rejected fresh U.S. accusations of perpetuating “unfair” trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.

China’s commerce ministry said it is deeply concerned by a report issued by the U.S. administration this week, which said China had failed to alter its “unfair” practices.

“The U.S side made new groundless accusations against the Chinese side, and China finds it totally unacceptable,” Commerce Ministry spokesman Gao Feng told reporters at a news conference in Beijing.

Gao said the report reflects U.S. unilateralism in violation of World Trade Organization rules.

“We hope the United States will drop the words and behaviors that damage bilateral economic and trade relations and adopt a constructive attitude,” Gao said.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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