"Fighting a trade war has no future. There will be no winner and everybody will lose," Hua said at a regular news briefing. "I believe China and the US should continue to work together for the stable and sound development of China-US economic and trade relations," she said.US officials, who spoke on condition of anonymity, bluntly accused China on Saturday of "stealing our intellectual property" -- long a concern of Western companies seeking a share of the enormous Chinese market.The looming investigation follows high tensions between Washington and Beijing. "I want to say that China-US cooperation should be based on mutual respect and mutual trust," Hua said. "The Korean peninsula nuclear issue and the China-US trade issue are totally different and it's not appropriate to use one issue as a tool to keep pressure on the other issue."

Source: Economic Times August 14, 2017 15:21 UTC