China hopes US will join efforts to promote normal development

China hopes US will join efforts to promote normal development

This photo taken on November 12, 2022 shows the Queen Sirikit National Convention Center in Bangkok, Thailand. PHOTO XINHUA China hopes that the United States will join its efforts to promote the return of bilateral economic and trade cooperation to a normal and healthy development track, Shu Jueting, spokeswoman for the Ministry of Commerce, said during an online news conference in Beijing on Thursday.

Asked about the details of the Nov 18 meeting between Chinese Minister of Commerce Wang Wentao and US Trade Representative Katherine Tai in Bangkok during the Asia-Pacific Economic Cooperation Economic Leaders' Meeting, Shu said that their talks were candid, professional and constructive. She said that the two sides discussed issues of mutual concern, including economy and trade, as well as multilateral and regional economic and trade cooperation.

The two sides have agreed to keep communication lines open between them. The Chinese side believes face-to- face communication will facilitate deeper understanding and closer coordination, Shu said.

At the Bangkok meeting, Wang said that China and the US should respect each other, find common ground, reserving differences, and find a way based on mutual trust to solve problems.

The Chinese minister expressed concerns over Taiwan-related issues and US restrictions on trade and investment. He suggested that the two sides should keep an open mind on all regional economic cooperation initiatives that promote solidarity and cooperation.

In addition to telling the US counterpart of the recent 20th National Congress of the Communist Party of China, Wang stressed that China will follow the Chinese path to modernization, keep improving the business environment, and remain committed to peaceful development.

Experts said improvement in China-US trade and investment cooperation will further unleash technology and trade potential and boost global economic growth.

Economic and trade cooperation between China and Latin American countries has not only recovered fully from the effects of the COVID 19 epidemic, but now surpasses pre-pandemic levels, showing strong resilience and sound growth momentum, according to Shu.

Economic and trade relations are the ballast stone and stabiliser of relations between China and Latin American countries, and the two sides have strong economic complementarity and cooperation potential, she said.

Commerce Ministry data showed 21 countries in the region have signed Belt and Road cooperation documents with China, and multiple cooperation achievements have been made in sectors like trade, investment and project contracting.

In 2021, bilateral trade between China and Cuba, the first Latin American and Caribbean country to establish diplomatic relations with the People's Republic of China, increased 7.2 percent year-on-year.

In the first three quarters of this year, China's imports from Cuba increased 18 percent year-on-year.