Commentary: U.S. trade blackmail irrational, short-sighted

Source: Xinhua| 2019-05-16 22:49:16|Editor: Mu Xuequan
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BEIJING, May 16 (Xinhua) -- The United States has made an irrational act in trying to blackmail China with tariff hikes, which will be proven over time to be short-sighted and doomed to fail.

By raising tariffs on Chinese goods again, the United States escalated its trade frictions with China and severely impeded negotiations.

However, faced with maximum pressure from the United States, China has withstood the pressure and adopted forceful counter-measures with a cool head.

While China has been honoring its promises to open up its market to the world and resolutely promoting win-win cooperation with all parties, the United States adopted the opposite attitude by sticking to trade protectionism.

As is known to all, the economic and trade frictions between the two sides were provoked by the United States, and China had to take measures in response.

For more than a year, China has always been looking for effective solutions to the problems with great patience and sincerity. However, the United States has been arrogant and unreasonable during the process, trying every means to defame, pressure, threaten and blackmail China.

For instance, the United States has repeatedly accused China of "forced technology transfer," a false claim that has become a major barrier in the negotiations.

The Chinese authority has reiterated that it prohibited the forced transfer of technology and will step up protecting the legitimate rights and interests of foreign owners of intellectual property rights. China's Foreign Investment Law which was passed this March, also bans forced technology transfer and emphasize reciprocity.

Companies from developed countries have transferred technologies and industries to the Chinese market, and by doing so they successfully gained benefits from their existing technologies, reduced their research and development costs, accumulated resources for future innovation, and maximized their gains from China's huge market.

To better adapt to the Chinese market, U.S. companies including Microsoft, Intel, and Qualcomm have established research and development facilities in China and obtained considerable rewards by technology transferring and licensing.

The technological cooperation was market-oriented, with U.S. companies being the biggest beneficiary.

It is unreasonable for the United States to criticize China for "forced technology transfer" after gaining such benefits.

In the face of U.S. bully, China has no choice but to fight back.

China has the goodwill for peace and the sincerity for cooperation. It also has enough strength and courage to stand against trade bullying. The United States should never misjudge the situation or underestimate the China's determination to safeguard its legitimate rights and interests. No one, at any time, should expect China to swallow the bitter fruit of damage to its national core interests.