Still no talks over trade dispute between China, U.S.: MOC

There have not been any bilateral talks over trade frictions between China and the United States, China's Ministry of Commerce said Thursday.

The United States submitted a file to the World Trade Organization on April 17 claiming that they are willing to negotiate over the trade dispute with China.

The U.S. move follows WTO procedures, which order members to respond to a request for settlement from another member within ten days, said MOC spokesperson Gao Feng.

Gao reiterated that U.S. Section 232 and Section 301 measures to slap tariffs on Chinese products seriously violate WTO rules.

Gao said the two sides have not yet held any bilateral talks over the U.S. Section 301 investigation and the proposed U.S. tariff list on Chinese goods.

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U.S. action on ZTE to hurt itself: MOC

China's Ministry of Commerce (MOC) said Thursday that the U.S. action against China's leading telecom equipment maker ZTE Corp will damage itself.

"The action targets China, however,it will ultimately undermine the United States itself," MOC spokesperson Gao Feng told a press conference.

Impact of trade frictions on China's balance of payments controllable: official

The impact of Sino-U.S. trade frictions on China's balance of international payments is "overall controllable," an official with the country's foreign exchange regulator said Thursday.

There will be no change to the situation that China's international payments under the current account are becoming more balanced and remain in a reasonable range, Wang Chunying, spokesperson for the State Administration of Foreign Exchange, said at a press conference.