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CHINA will take action to defend its interests if the United States damages trade ties Kevin Zeitler Youth Jersey , the Ministry of Commerce said yesterday. The announcement came after US President Donald Trump authorized an inquiry into China’s trade practices.
US Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s policies on intellectual property, which the White House and US industry groups claim “are harming US businesses and jobs.”
The US should respect objective facts, act prudently, abide by its World Trade Organization pledges, and not destroy principles of multilateralism, a spokesman for China’s Ministry of Commerce said in a statement.
“If the US side ignores the facts, and disrespects multilateral trade principles in taking actions that harm both sides’ trade interests, China will absolutely not sit by and watch, will inevitably adopt all appropriate measures, and resolutely safeguard China’s lawful rights.”
The ministry said the US should treasure the cooperation and favorable state of China-US trade relations, and warned that any US action to damage ties would “harm both sides trade relations and companies.”
China was continuously strengthening its administrative and judicial protections for intellectual property, the ministry added. China repeatedly rebuffed attempts by previous US administrations to take action on its IP practices, and has insisted it rigorously protects intellectual property.
In past few years, China has taken active measures in opening up and improving the business environment for foreign investment.
China has always attached great importance to intellectual property rights protection by improving legislation and enhancing administrative and judicial protection, and the progress and effects have been widely acknowledged, the commerce ministry said.
Chinese courts at different levels concluded some 147,000 IPR cases in 2016, according to a report by the Supreme People’s Court.
Last year, China tried a series of trademark cases lodged by US basketball icon Michael Jordan, demonstrating the country’s stance and determination to reinforce judicial protection for intellectual property rights, the report said.
Michael Jordan sued Qiaodan Sports, a Chinese sportswear and shoemaker, for unauthorized use of his name and identity in 2012.
In December, the SPC ruled in favor of Jordan, saying the company’s use of Chinese characters translated from “Jordan” as a trademark violated Jordan’s right to his name and broke the Trademark Law.
China has attached importance to protecting IPR by formulating laws and regulations, cracking down on violations and raising public awareness of IPR, foreign ministry spokeswoman Hua Chunying said on Monday.
“Given the increasingly interwoven interests between China and the United States, a trade war will lead nowhere and neither side will win,” Hua said.
China stands ready to continue to work with the US side and ensure the sound development of bilateral trade ties on the basis of mutual trust, equality and mutual benefit, she said.
In the short term, Moody’s does not expect any implications for China’s sovereign credit profile due to investigations by the US into whether China’s IPR practices undermine US trade, it said in a research note yesterday. “We will review the implications of specific actions by the United States, if any are taken, and of potential responses by China,” it said.
Moody’s assumes any action would be consistent with earlier WTO agreements, implying the broad architecture of US-China trade relations would remain.
China’s GDP growth is largely dependent on domestic demand. As such, US measures targeted at specific sectors are unlikely to have a material economy-wide impact, the note states.
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NEW YORK, Dec. 6 (Xinhua) -- Former U.S. Secretaries of State Henry Kissinger and Madeleine Albright stressed the importance of the U.S.-China relationship Monday night in New York, while expressing optimism for cooperation between the two countries as the U.S. moves to transition into the Trump administration.
The two former top officials in U.S. foreign policy made their remarks at an event called, "Leaders Speak: Secretaries of State."
"The U.S. and China must have a close and friendly relationship," said Kissinger, former Secretary of State under the Nixon administration and a crucial figure in the establishment of China-U.S. diplomatic ties in 1979.
"The peace of the world relies on our ability to do this," he added.
On recent China-related remarks posted by the President-elect Donald Trump on social media regarding Taiwan, both former top foreign policy officials agreed that any deviation of current U.S. foreign policy norms will not be in the common interests of both countries.
Kissinger noted that in the early term of the Bill Clinton Administration, the then president tried to deviate from the established policy pattern toward China.
"In two years, President Clinton realized that our established pattern was in our common interests" and then "became one of the strongest supporters of this way of international relations," said Kissinger.
Albright stressed the importance of the established channels of dialogue between the two countries, saying "we have developed a way of talking to each other" through a variety of administrations.
"I hope there's a learning process" for the new administration to realize how essential the U.S.-China relationship is, said Albright.
Albright was appointed secretary of state under the Clinton Administration in 1997 and was the first female to hold that position.
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