Sunday, June 20, 2021
No menu items!
Home Business China upbeat on trade talks with U.S., says both 'seek common ground'...

China upbeat on trade talks with U.S., says both ‘seek common ground’ By Reuters


© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song//File Photo

BEIJING (Reuters) -China hailed on Thursday the resumption of “normal discussions” with the United States on the trade and economic fronts, apparently keen to move beyond a trade war as it said both sides aimed to resolve issues pragmatically.

China’s Vice Premier Liu He, who has led trade negotiations with the United States, has held two video calls with U.S. Trade Representative Katherine Tai and Treasury Secretary Janet Yellen in a week, marking the first formal engagement between the two sides on trade and economic issues under the Biden administration.

Both calls lasted about 50 minutes, commerce ministry spokesman Gao Feng told a regular news conference, adding that conversations started smoothly and Sino-U.S. trade, macro-economic situations and domestic policies were among the topics.

The discussions aimed at solving various issues come after a period of strained relations between the world’s two biggest economies, including a nearly two-year tit-for-tat trade war.

“China and the United States have resumed normal discussions on economics and trade,” Gao told reporters. “Seeking common ground while setting aside differences was the consensus.”

China also raised its specific concerns based on the performance of its domestic economy, he said.

“In the next step, the two sides, in the interests of both countries and the world, agreed to work together and pragmatically solve some specific issues for producers and consumers, and push forward the healthy developments of Sino-U.S. trade and economic relations,” Gao said.

The United States issued terse statements on the talks that emphasised candid exchanges with the Chinese side. Yellen and Tai said they looked forward to future discussions with Liu.

Chinese state media also focused on the positive tone of the economic talks following frosty exchanges between top Chinese and U.S. foreign policy officials at a meeting in Alaska in March.

The exchanges over the past week were “sparking optimism over enhanced communication between the world’s two biggest economies”, the Chinese state-run Global Times tabloid reported.

“It could be constructive for both sides to exchange their stances on a wide range of issues of dispute, and try to untangle at least certain aspects of the increasingly complex and escalating rivalry,” the Global Times said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

RELATED ARTICLES

Recent GST clarifications and their impact: Tax relief in milling, pharma, education, food sectors

GST Council, in its 44th meeting, reduced the GST Rates on the specified items being used in Covid- 19 Relief and Management till...

Porsche to set up joint venture with German battery maker By Reuters

© Reuters. FILE PHOTO: A Porsche Taycan electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in...

How content consumption has evolved during the Covid-19 pandemic

Triggered by Covid 19, India has become the world’s fastest-growing OTT marketBy Rajeev SinghThe one where screens become the window to the world“I’ll...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent GST clarifications and their impact: Tax relief in milling, pharma, education, food sectors

GST Council, in its 44th meeting, reduced the GST Rates on the specified items being used in Covid- 19 Relief and Management till...

Porsche to set up joint venture with German battery maker By Reuters

© Reuters. FILE PHOTO: A Porsche Taycan electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in...

How content consumption has evolved during the Covid-19 pandemic

Triggered by Covid 19, India has become the world’s fastest-growing OTT marketBy Rajeev SinghThe one where screens become the window to the world“I’ll...

Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies By Cointelegraph

Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies Generating momentum and attracting investor attention can be a challenge during...

Recent Comments