Hey Amigos! 🇨🇳🇺🇸 Big news on the trade front! The China Council for the Promotion of International Trade (CCPIT) is urging the U.S. to hit the brakes on its Section 301 investigation into China's maritime, logistics, and shipbuilding sectors. 🛑
The CCPIT, China's national agency for foreign trade and investment promotion, called the investigation \"unreasonable and groundless.\" They argue there's no link between the decline of the U.S. shipbuilding industry and Chinese laws or practices. 🤔💭
Chinese companies have been riding the wave of innovation 🌊, competing in global markets, and boosting international trade. According to the CCPIT, they've made significant contributions to keeping the global supply chain smooth and secure. 🚢🔗
The CCPIT is calling for a return to a rules-based multilateral trading system. Let's see how this global trade tale unfolds! Stay tuned for more updates. 👀🌍
Reference(s):
China trade promotion body urges U.S. to end Section 301 investigation
cgtn.com
