INTERNATIONAL
China and US still key trade partners, commerce minister says
US and China aim to extend tariff truce after constructive trade talks in Stockholm, seeking stable ties through equal-footing dialogue. - FREEPIK
BEIJING: China and the United States remain important trade and economic partners, and American companies are welcome to invest, the Chinese commerce minister told a U.S. business delegation on Wednesday, according to his ministry.
AI Brief
Trade relations between the countries have seen ups and downs but dialogue and consultation on "an equal footing" are the key to resolving differences, Wang Wentao told the US-China Business Council, the ministry statement said.
The minister also pointed to the trade talks between China and the U.S., the latest one being held in Stockholm earlier this week, and said it is hoped both countries can meet halfway so that they can jointly maintain stable relations.
U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth.
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AI Brief
- US-China trade talks in Stockholm were described as constructive, continuing progress from earlier meetings in Geneva and London.
- Both sides agreed to seek an extension of the 90-day tariff truce to avoid escalating the trade war and support global stability.
- China emphasized equal-footing dialogue, urging cooperation to maintain stable and mutually beneficial trade relations.
Trade relations between the countries have seen ups and downs but dialogue and consultation on "an equal footing" are the key to resolving differences, Wang Wentao told the US-China Business Council, the ministry statement said.
The minister also pointed to the trade talks between China and the U.S., the latest one being held in Stockholm earlier this week, and said it is hoped both countries can meet halfway so that they can jointly maintain stable relations.
U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth.