China State Councillor Wang: Trade frictions are initiated by the US

China State Councillor Wang Yi was on the wires last minutes, via Reuters, expressing his concerns about the US-Sino trade dispute.

Key Headlines:

Trade imbalances between China and the US should not be blamed on China.

The trade deficit root cause lies with the US.

The US has reaped lots of benefits with trade from China.

It's perplexing that the US says it has been taken advantage of the US has reaped huge profits in China.

Trade frictions are initiated by the US.

Does not want a trade war.

China and the US should solve frictions in WTO framework.

China's doors of dialogue remain open.