May 7, 2018 / 9:24 AM / 10 months ago

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

FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. REUTERS/Jason Lee

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.

China does not deliberately pursue a trade surplus, the Ministry of Commerce said in a report that summarises 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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