#CryptoMarketBouncesBack

🌏 China's Trade Response to the US

🗣 The Chinese Ministry of Commerce harshly criticized the new US trade investigation, stating that Beijing will retaliate if necessary. The Chinese side rejected US claims that it does not restrict imports of goods produced using forced labor.

⚠️ Beijing stated that Washington has launched a second investigation targeting China under Section 301 of the 1974 Trade Act. The first investigation was launched recently on the grounds of excessive production capacity.

🤝 The statement also mentioned that a new round of economic and trade consultations between China and the US is underway in Paris, and that the Chinese side has officially conveyed its objections to the US.

📊 The Chinese government called on Washington to "correct its mistakes and seek solutions through equal dialogue," while emphasizing that the country reserves the right to retaliate to protect its legitimate rights and interests.

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