China, US Stand to ‘Lose From Confrontation,’ Says Foreign Ministry of Trump’s Remarks

Economic cooperation between China and the U.S. is “win-win in nature,” said a Chinese Foreign Affairs Ministry spokesperson Wednesday. “Our interests have become deeply intertwined.” He was responding to President Donald Trump's lengthy remarks Tuesday at the White House accusing China of “ripping this country off for 25 years.” American companies do $700 billion in annual sales and make $50 billion in annual profits in China, said the spokesperson. “If one party has been ripping off the other, it would not have been possible to have the highly complementary, deeply integrated and mutually beneficial relationship that we have today.” China and the U.S. “stand to gain from cooperation and lose from confrontation,” he said.