China hopes to resolve its difference with the US on the economic and trade fronts

China’s Ministry of Commerce said on Thursday that it looks forward to in-depth discussions with the United States on resolving their differences on the economic and trade fronts during a visit by US Commerce Secretary Gina Raimondo next week.

at a news briefing, spokeswoman of the ministry, Shu Jueting, said China will state its position on economic and trade issues to the US during Chinese Commerce Minister Wang Wentao’s meeting with Raimondo, and hopes to advance pragmatic cooperation.

“We have noted that China and the US have recently encountered some difficulties and challenges in bilateral trade and investment, which are closely related to the series of unilateral and protectionist measures taken by the US side,” Shu said.

Shu said the essence of China-US economic and trade cooperation is mutual benefit and win-win results, and serves the common interests of the two countries and people.

“China will continue to raise relevant economic and trade concerns with the US and strive to create a fair and stable business climate for enterprises of both sides to carry out trade and investment cooperation,” Shu said.

The US Department of Commerce said in a statement on Tuesday that Raimondo will make stops in Beijing and Shanghai from Sunday to Wednesday for talks with senior officials and US business leaders, and hopes for constructive discussions on issues relating to the US-China commercial relationship, challenges faced by US businesses, and areas for potential cooperation.

Raimondo’s visit is scheduled just weeks after US President Joe Biden’s signing of an executive order to block and regulate US high-tech investment in China covering sectors like advanced computer chips, micro electronics, quantum information technologies and artificial intelligence.

Raimondo will be the fourth high-level US government official to visit China this year.

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