 VCG Photo
He also pointed that bilateral trade has benefited the US more than China, citing a study report published by Deutsche Bank this June.
"According to estimates by institutions including the US-China Business Council, Sino-US trade saves an average of 850 US dollars for each American household per year. And statistics from China's Ministry of Commerce shows that in 2016, US companies earned a sales revenue of some 606.8 billion US dollars, with a total profit exceeding 39 billion US dollars," Lu argued. Last month, Trump claimed that China rebuilt itself with the "tremendous amount of money" pouring out of the US when addressing a joint news conference with the visiting Polish President Andrzej Duda at the White House.
He asserted that America has been "ripped off" by "everyone," especially Beijing, adding that China has been taking 500 billion US dollars a year from the US.
Lu urged the US side to respect the facts and stop making groundless accusations against China, take a correct view on bilateral economic and trade ties, and do more things beneficial to the businesses and consumers of both countries. |