Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ China, US trade leaders working together to tackle differences, says Beijing

China, US trade leaders working together to tackle differences, says Beijing



Top U.S. and Chinese trade officials spoke by telephone and agreed to promote healthy trade and cooperation on differences, China’s Ministry of Commerce said Thursday, the latest high-level exchange as the countries spar over disagreements.

Both sides recognize the importance of business exchanges and will keep lines of communication open, the Chinese statement said after Trade Minister Wang Wentao spoke with US Trade Minister Gina Raimondo.

GET FOX BUSINESS ON SPEED by clicking here

“They agreed to promote the sound development of trade and investment and cooperation in a pragmatic way to deal with their disagreements,”

; the Chinese Ministry said.

Earlier this month, Chinese Deputy Prime Minister Liu spoke with US Treasury Secretary Janet Yellen, and at the end of last month he held a similar “sincere” discussion with US Trade Representative Katherine Tai.

BUDDE DROPS BAN ON TIKTOK, OTHER CHINA-OWNED APPS, WANT SECURITY OVERVIEW

The world’s two largest economies are in disagreement on a number of fronts, with the US Senate this week approving a comprehensive package of legislation aimed at increasing the country’s ability to compete with Chinese technology, which draws strong criticism from Beijing.

On Wednesday, however, President Joe Biden withdrew a series of executive orders from the Trump era that sought to ban new downloads of the popular Chinese-owned WeChat and TikTok and ordered a trade department review of security issues from these apps and others.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

In a Thursday lead, the official China Daily said in an editorial that US technology legislation is “really applicable to the Cold War.”

(Reporting by Colin Qian, Engen Tham and Tony Munroe; Editing by Tom Hogue and Michael Perry)


Source link