China confident about trade talks with US
The Ministry of Commerce said on Wednesday that the latest meeting between the presidents of China and the United States on economic and trade issues was successful, and the country has confidence in implementing the leaders’ consensus.
The economic and trade teams of both sides will follow a clear schedule and road map in the 90-day window that was agreed upon for talks, a ministry spokesperson said.
China will start by implementing specific parts of the newly reached consensus as soon as possible, according to the spokesperson.
Wei Jianguo, a former vice-minister of commerce, said both China and the US recognize that it was completely normal to have certain disparities in economic and trade issues, but the key is to appropriately manage the differences and find solutions acceptable to both parties.
The two nations should continue to maintain close contact and make more joint efforts to deepen bilateral ties, said Wei, who is now vice-president of the China Center for International Economic Exchanges.
China should stick to its established agenda of further openingup in a timely manner, and make enhanced efforts to protect intellectual property rights, he said.
“A higher level of opening-up will drive high-quality development, and facilitate further economic integration between China and the US,” he said.
“We should make the economic and trade pie bigger, and help the US see that China’s development will bring more benefits to the US.”
Business leaders from both China and the US believe that healthy and stable China-US economic and trade ties are in the fundamental interests of the two countries and the world.
Pushing bilateral relations back to a normal track as soon as possible will also meet people’s expectations in both nations, they said.
Cooperation has always been the only correct choice between China and the US, they said during the 11th dialogue between business leaders and former senior officials from China and the US.