May 7, 2018 / 9:24 AM / 2 months ago

U.S. protectionism may lead to rising global trade friction: China

BEIJING (Reuters) - China’s commerce ministry said on Monday U.S. unilateralism and protectionism may lead to an escalation of global trade friction and could derail the pace of global economic recovery.

FILE PHOTO: A U.S. flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. REUTERS/Thomas Peter

China does not deliberately pursue a trade surplus, the Ministry of Commerce said in a report that summarizes China’s past foreign trade situations, while calling for joint efforts between the United States and China to resolve trade disputes.

Good fundamentals of China’s foreign trade remain unchanged in the long run but it also faces problems including rising costs, the ministry said.

Reporting by Beijing Monitoring Desk; Editing by Robert Birsel

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