Trade flows importance stressed

Strong economic ties between China and the United States are in the interest of both countries and their peoples, and will bring about stability and certainty in a turbulent and changing world, experts and executives said.

They made the remarks after a meeting between the top commerce officials of China and the US on May 25. The meeting, they said, sent a positive signal to businesses in both countries, which will inject more certainty into China-US trade relations and help facilitate global economic growth.

China’s Commerce Minister Wang Wentao met with US Commerce Secretary Gina Raimondo in Washington during the 2023 APEC Ministers Responsible for Trade Meeting.

The two sides had candid, professional and constructive exchange of views on China-US economic and trade relations and issues of mutual concern, China’s Ministry of Commerce said on May 26.

Beijing raised concerns about Washington’s economic and trade policies toward China, its semiconductor policy, export controls and foreign investment review, the ministry said. Both sides agreed to establish communication channels to maintain and strengthen exchanges on specific economic and trade concerns and cooperation initiatives.