China has released a new white paper titled “China’s Position on Some Issues Concerning China-US Economic, Trade Relations,” rekindling concerns over the escalating friction between the world’s two largest economies. Officials in Beijing say the publication aims to set the record straight, yet prominent trade scholar Henry Gao calls it “a retaliation wishlist—and a catalog of Beijing’s deepest trade fears.”
According to Gao, the document outlines a series of potential countermeasures against the US, including banning American services exports, halting intellectual property protection for US companies such as Microsoft, blocking imports of US agricultural products, devaluing the yuan, and limiting access to China’s financial markets.
The white paper also highlights China’s unease with what it views as aggressive US trade policies. Beijing’s concerns center on the possible repeal of its Permanent Normal Trade Relations status, expanded export controls, and further use of Section 301 or Section 232 investigations.
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Gao notes that these measures show China’s willingness to retaliate and reflect the government’s anxiety about future US actions. The threat to withdraw intellectual property safeguards has drawn particular scrutiny from market watchers, who warn of damage to technology firms worldwide.
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