What Is The Trend Of The Sino-US Economy And Trade In The Next Phase? The Latest Reply From The Department Of Commerce Is Here

In response to media questions about the next phase of China-US economic and trade trends, Wang Wentao spoke at the State Information Office press conference on "Accelerating Quality Business Development and Building New Development Patterns for Services" on the same day.

Wang Wentao said China has always believed that the essence of Sino-US economic and trade relations is mutual benefit and win-win results. The interests of both parties are deeply integrated. The cooperation will benefit both parties and the fight will harm both the only right choice.

Despite the sluggish development of world trade in 2020 due to the impact of the new crown pneumonia epidemic, trade between China and the United States has reportedly bucked the trend, increasing 8.3% year over year in US dollars.

Wang Wentao said China is the United States' largest trading partner and bilateral trade and investment cooperation between the two sides has made positive contributions to their respective economic recovery. This fully shows that economic and trade cooperation is a force that actively promotes the economic relationship between the two countries and brings tangible benefits to both sides.

He said China is ready to strengthen economic and trade exchanges between the two countries and work together on the basis of mutual respect, equality and mutual benefit to help the two peoples and the world.

Wang Wentao said that in the next phase, we look forward to working with the US to strengthen communication, improve understanding, focus on cooperation, manage differences, and restore bilateral economic and trade ties Way of working together to bring the call between the two heads of state.