LINE

    Text:AAAPrint
    Economy

    Positive progress seen in Sino-U.S. trade talks

    1
    2018-06-04 08:23:09China Daily Editor : Li Yan ECNS App Download

    China still insists both sides meet in middle to avert further action

    China and the United States achieved positive and concrete progress in the fields of agriculture and energy during the latest round of trade consultations, with the details subject to finalization by both sides, according to a Chinese statement issued on Sunday.

    While acknowledging the positive development, the statement emphasized that the results achieved between China and the U.S. should be based on the condition that the two sides meet each other halfway and agree not to engage in a trade war.

    If the U.S. introduces trade sanctions, including tariff increases, all the economic and trade achievements negotiated by the two sides will not take effect, according to the statement.

    The statement came after Vice-Premier Liu He held talks with U.S. Secretary of Commerce Wilbur Ross in Beijing on Saturday and Sunday. The talks were a continuation of the China-U.S. trade and economic consultations in Washington two weeks ago.

    China reiterated in the statement that its attitude has been consistent and it is willing to increase imports from numerous countries around the world, including the U.S., to meet the Chinese people's growing demand for a better life and the requirements of high-quality economic development.

    Sunday's statement also emphasized that reform and opening-up as well as boosting domestic demand are China's national strategies and the established pace (of implementing the strategies) will not change.

    Experts viewed the statement as a reflection of China's desire to resolve the trade disputes and to respond to external challenges by firmly upholding its reform and opening-up policies.

    "China is pursuing long-term goals and is trying to focus on upgrading its economy and meeting the growing demand of domestic consumers while the U.S. is seeking short-term gains. Judging from the talk results, the country (China) has ensured its core interests," said Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institute, part of the Ministry of Commerce.

    Mei pointed out that greater energy imports, such as crude oil and natural gas, from the U.S. at reasonable prices could help China reduce its manufacturing cost and boost the sector's strength in the world market.

    "China had already planned to import the goods it agreed to purchase from the U.S. a long time ago. Therefore, it will not be an issue if China imports more U.S. energy and agricultural products," he said.

    Dong Yan, director of the International Trade Office at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that China's reform and opening-up have been a consistent policy, which cannot be hindered by external pressure of trade conflicts.

    Dong warned that a trade war will not only hurt China and the U.S., but it will also become a drag on the global economy.

    "The firm stance on opening the market wider is China's response to the challenges facing the global economy. It illustrates the country's inclusiveness to share opportunities with the rest of the world and to fulfill its responsibilities," she said.

    Zhang Yansheng, a researcher at the China Center for International Economic Exchanges, said boosting imports will be an important policy of China for the next step as it will increase the interconnection the country has with the world.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 钦州市| 米泉市| 安平县| 德格县| 左云县| 民县| 繁昌县| 靖州| 顺昌县| 奎屯市| 安丘市| 大余县| 红原县| 永兴县| 渝中区| 昂仁县| 绥中县| 尤溪县| 桐城市| 鸡东县| 扎鲁特旗| 大方县| 英山县| 蕲春县| 寿阳县| 白城市| 福海县| 开阳县| 大冶市| 徐汇区| 高清| 桂阳县| 长治市| 东至县| 且末县| 武夷山市| 通渭县| 阿尔山市| 义乌市| 吴川市| 扎囊县|