"China publishes white paper on trade consultations, revealing U.S. backtracking"

Keeping in mind "this is Xinhua" (hey! catchy tagline):

BEIJING, June 2 (Xinhua) -- China published a white paper Sunday denouncing U.S. unilateral and protectionist measures, criticizing its backtracking on Sino-U.S. trade talks, and demonstrating China's stance on trade consultations and pursuit of reasonable solutions.

The white paper, "China's Position on the China-U.S. Economic and Trade Consultations," was issued by the State Council Information Office.

Besides a preface and a conclusion, the 8,300-character white paper devotes three sections to elaborate on the damages of the trade frictions provoked by the United States, the U.S. backtracking on its commitment in the consultations, and China's commitment to credible consultations based on equality and mutual benefit.

The white paper said that the Chinese and American economies were highly integrated and together constituted an entire industrial chain in today's globalized world.

The two economies are bound in a union that is mutually beneficial and win-win in nature, therefore equating a trade deficit to being taken advantages of is an error.

"The restrictive measures the U.S. has imposed on China are not good for China or the U.S., and still worse for the rest of the world," the white paper said.....

....MORE

Full text: China's Position on the China-US Economic and Trade Consultations
 (opens in a 39 page .doc)

Meanwhile, over at People's Daily the top headline is:

Xi Jinping: a leader who interacts with children

Xi is perhaps one of the world leaders who interact most with children: he visits schools, drops in on their homes, watches them play sports and practice calligraphy, and joins them in activities such as planting trees.

Followed by:

China releases white paper on its position on economic and trade consultations with U.S.

China on Sunday issued a white paper to provide a comprehensive picture of the China-U.S. economic and trade consultations.

 

China does not want but is not afraid of a trade war: white paper

China does not want a trade war, but it is not afraid of one and it will fight one if necessary. China's position on this has never changed, the white paper pointed out.