China, US Aim To Get Dialogue Back On Track

During meeting with US Commerce Secretary Gina Raimondo, Premier Li Qiang said that economic and trade relations between China and the US are mutually beneficial and win-win in nature, and that China is willing to strengthen dialogue and cooperation with the US in the economic and trade fields. He also called on the US to work together with China and take more pragmatic actions.

Vice-Premier He Lifeng also met with Raimondo. The two sides had candid, pragmatic and constructive discussions on implementing the important consensus reached at the meeting in Bali in November between the two countries' heads of state, as well as on economic and trade issues of common concern, according to Xinhua News Agency.

The Chinese side expressed its concerns over measures taken by the US, such as tariffs imposed under Section 301 of the US Trade Act of 1974, export controls against China and investment restrictions. The two sides agreed to continue to maintain communication and support enterprises of the two countries in carrying out pragmatic cooperation, Xinhua reported.

On Monday, Commerce Minister Wang Wentao met with Raimondo, and the two sides agreed on concrete steps to ensure open lines of communication between the world's two largest economies on export controls and commercial issues.

While upholding the principles of mutual respect, peaceful coexistence and win-win cooperation, China is willing to work with the US to foster an enabling policy environment for cooperation between the two countries' business communities, Wang said.

Analysts said both sides are striving to put dialogue mechanisms, which have been seriously disrupted by the US' damaging unilateral trade measures and policies toward China, back in place to help restore economic relations.

Meanwhile, the two sides have initiated an export control information exchange mechanism, which will serve as a platform for understanding their respective export control systems and improving communication.