China state media says U.S. trade probe will hurt both countriesSHANGHAI (Reuters) - A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said on Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s alleged theft of intellectual property that administration officials said could have cost the United States as much as $600 billion. U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on intellectual property, which the White House and U.S. industry lobby groups say are harming U.S. businesses and jobs. “While it is still too soon to say that the United States intends a showdown with China on trade, it is no exaggeration that the latest baring of fangs on Washington’s part against China, like all the other unilateral moves by Washington, will hurt not only China, but the United States itself in the long run,” Xinhua said. Xinhua said while Chinese exporters could be the first to suffer from trade sanctions, the pain would soon spread to U.S. industries and households, adding that China was willing to resolve any disputes between the two sides through dialogue. The investigation is likely to cast a shadow over U.S. relations with China, its largest trading partner, just as Trump is asking Beijing to put more pressure on North Korea to give up its nuclear program. Ken Jarrett, president of the American Chamber of Commerce in Shanghai, said in a statement on Tuesday that trade and North Korea should not be linked, and said the investigation was a sign of growing U.S. discontent with Chinese trade practices. “The President’s executive order reflects building frustration with Chinese trade and market entry policies, particularly those that pressure American companies to part with technologies and intellectual property in exchange for market access,” he said. “Chinese companies operating in the United States do not face this pressure.” “We support actions that recognize the importance of U.S.-China commercial ties but which also encourage progress toward a more equitable trading relationship,” he said. politicsNews
china state media says trade probe hurt countriesshanghai reuters a decision united states investigate china trade practices unilateralist bring fans hurt sides china state news agency lingua said tuesday president donald trump monday authorized inquiry china alleged theft intellectual property administration officials said could cost united states much billion trade representative robert lighthizer year look whether launch formal investigation china trade policies intellectual property white house industry lobby groups say harming businesses jobs while still soon say united states intends showdown china trade exaggeration latest bring fans washington part china like unilateral moves washington hurt china united states long run lingua said lingua said chinese exporters could first suffer trade sanctions pain would soon spread industries households adding china willing resolve disputes two sides dialogue the investigation likely cast shadow relations china largest trading partner trump asking beijing put pressure north korea give nuclear program ken barrett president american chamber commerce shanghai said statement tuesday trade north korea linked said investigation sign growing discontent chinese trade practices the president executive order reflects building frustration chinese trade market entry policies particularly pressure american companies part technologies intellectual property exchange market access said chinese companies operating united states face we support actions recognize importance commercial ties also encourage progress toward equitable trading relationship said politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: China state media says U.S. trade probe will hurt both countriesSHANGHAI (Reuters) - A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said on Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s alleged theft of intellectual property that administration officials said could have cost the United States as much as $600 billion. U.S. Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s trade policies on intellectual property, which the White House and U.S. industry lobby groups say are harming U.S. businesses and jobs. “While it is still too soon to say that the United States intends a showdown with China on trade, it is no exaggeration that the latest baring of fangs on Washington’s part against China, like all the other unilateral moves by Washington, will hurt not only China, but the United States itself in the long run,” Xinhua said. Xinhua said while Chinese exporters could be the first to suffer from trade sanctions, the pain would soon spread to U.S. industries and households, adding that China was willing to resolve any disputes between the two sides through dialogue. The investigation is likely to cast a shadow over U.S. relations with China, its largest trading partner, just as Trump is asking Beijing to put more pressure on North Korea to give up its nuclear program. Ken Jarrett, president of the American Chamber of Commerce in Shanghai, said in a statement on Tuesday that trade and North Korea should not be linked, and said the investigation was a sign of growing U.S. discontent with Chinese trade practices. “The President’s executive order reflects building frustration with Chinese trade and market entry policies, particularly those that pressure American companies to part with technologies and intellectual property in exchange for market access,” he said. “Chinese companies operating in the United States do not face this pressure.” “We support actions that recognize the importance of U.S.-China commercial ties but which also encourage progress toward a more equitable trading relationship,” he said. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: china state media says trade probe hurt countriesshanghai reuters a decision united states investigate china trade practices unilateralist bring fans hurt sides china state news agency lingua said tuesday president donald trump monday authorized inquiry china alleged theft intellectual property administration officials said could cost united states much billion trade representative robert lighthizer year look whether launch formal investigation china trade policies intellectual property white house industry lobby groups say harming businesses jobs while still soon say united states intends showdown china trade exaggeration latest bring fans washington part china like unilateral moves washington hurt china united states long run lingua said lingua said chinese exporters could first suffer trade sanctions pain would soon spread industries households adding china willing resolve disputes two sides dialogue the investigation likely cast shadow relations china largest trading partner trump asking beijing put pressure north korea give nuclear program ken barrett president american chamber commerce shanghai said statement tuesday trade north korea linked said investigation sign growing discontent chinese trade practices the president executive order reflects building frustration chinese trade market entry policies particularly pressure american companies part technologies intellectual property exchange market access said chinese companies operating united states face we support actions recognize importance commercial ties also encourage progress toward equitable trading relationship said politicsnews