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Friday, June 08, 2018, 14:18
China hopes US will meet halfway, promote trade ties
By Xinhua
Friday, June 08, 2018, 14:18 By Xinhua

In this March 29, 2018 photo, Chinese Ministry of Commerce spokesman Gao Feng speaks during a press conference at the ministry in Beijing. The Ministry of Commerce said on June 7, 2018 that China does not want an escalation of trade friction with the US. (MARK SCHIEFELBEIN / AP)

BEIJING - China's Ministry of Commerce said on Thursday that the country does not want an escalation of trade friction with the United States.

China is willing to increase imports from the United States on the assumption that two parties meet each other halfway

Gao Feng, Spokeman, Ministry of Commerce, China

China hopes the US will meet halfway and promote balanced and coordinated development of economic and trade ties between both countries, the Ministry of Commerce (MOC) said.

Speaking about a statement issued by the Chinese economic and trade consultation team, the MOC spokesperson Gao Feng said that the attitude of the Chinese side remains consistent and clear.

To implement the consensus reached in Washington, Chinese and US economic and trade teams held candid and in-depth consultations in Beijing from June 2-3 and made positive and concrete progress in many areas.

According to the statement issued by China, the economic and trade outcomes reached in the talks will not take effect if the US imposes any trade sanctions including raising tariffs.

During the consultations last weekend, both parties held discussions on some specific trade cooperation areas, particularly agriculture and energy, Gao told a press briefing.

"China is willing to increase imports from the United States on the assumption that two parties meet each other halfway," said Gao.

Reform and opening-up as well as expanding imports are China's established strategies. It is willing to increase imports from other countries, including the US, to meet the people's ever-growing needs for a better life and the requirements of high-quality economic development, said Gao.

The Chinese market is growing and the China International Import Expo will be held this November, said the spokesperson, who also welcomed competitive products around the world to enter the Chinese market.

Gao said China will create an international  business environment, provide more convenient, transparent, and predictable terms of trade to benefit world enterprises, including those from the US.

Details of the consultations are yet to be confirmed by both sides, said Gao, noting that economic and trade cooperation between the two countries is always moving forward to achieve mutual benefits and win-win outcomes despite some twists and turns.

READ MORE: China to take legal action as US imposes trade tariffs

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