Any effort to forcibly decouple China-U.S.
economic and trade ties is destined to stop working, Chinese Commerce Minister Wang Wentao said on Friday.The financial and trade relationship between China and the United States has actually experienced its ups and downs over the years, however the two nations stay essential partners to each other, Wang informed a press conference.Despite a decline in the share of bilateral sell each others general trade volume, China-U.S.
trade has stayed normally steady, Wang said.According to the minister, the trade volume of goods and services in between China and the United States rose by 18 percent and 34.7 percent in 2024 from 2017 levels, respectively.
The two nations also stay crucial investment partners, with close exchanges between their company neighborhoods.
In essence, China-U.S.
economic and trade relations benefit both sides and bring win-win outcomes.
Cooperation is the only right course, Wang stressed.Bilateral trade and financial investment have also produced a substantial number of jobs in both countries, he added.Facts have actually proven that through equal-footed discussion and consultation, China and the United States are completely capable of properly handling differences and working to address frictions to achieve mutually helpful outcomes, Wang noted.
Chinas stance has been consistent in strongly protecting national interests and upholding international fairness and justice, the minister said.In the first half of this year, Chinas economy maintained constant development regardless of down pressures.
The basics sustaining its long-lasting positive outlook remain unchanged, offering the nation with strong self-confidence and resolve in defending its legitimate interests.As the worlds two biggest economies, China and the United States share a duty to inject higher certainty and stability into worldwide economic prosperity and advancement, he said.Wang stated that China is all set to deal with the U.S.
side to boost discussion and communication, broaden common ground, minimize misconceptions, enhance cooperation and jointly steer China-U.S.
economic and trade relations back onto the right track of healthy, stable and sustainable advancement.