Beijing’s Take on the China-U.S. Trade Relationship: It’s All Good

BEIJING—China’s assessment of the trade relationship with the U.S.: The imbalance isn’t that bad, job losses at U.S. steel mills aren’t China’s fault and Beijing’s yuan interventions benefit the U.S.

Four months into Donald Trump’s presidency, China’s Commerce Ministry on Thursday issued a special report defending its trade policies and practices in matters from market access to the exchange rate.

Washington and Beijing earlier this month reached a deal pledging closer cooperation in agricultural trade and financial services, but avoided more divisive issues such as the Chinese industrial overcapacity that has flooded global markets with cheap steel and aluminum.

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