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China and the United States have Reached Consensuses on Economic and Trade Issues: Chinese Vice Premier

Updated:2018-5-21 10:00:13    Source:www.tannet-group.comViews:142

According to Chinese President Xi Jinping's special envoy and Vice Premier Liu He, China and the US have reached consensuses on economic and trade issues, pledging not to engage in a trade war.

Liu arrived in Washington on Tuesday afternoon for economic and trade consultations with the US side at the invitation of the US government.

Liu, also a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, leads a delegation whose members come from major economic sectors of the Chinese government.

He told media in an interview on Saturday that the two sides agreed not to launch a trade war and to stop slapping tariffs against each other, which are the most remarkable results of the consultations.

Noting that his visit to the US is positive, pragmatic, constructive and productive, Liu explained that the most important reason for the achievements is the important consensus reached previously by Xi and his US counterpart Donald Trump, and the fundamental cause is the needs of the two peoples and the whole world.

The two sides will enhance their trade cooperation in such areas as energy, agriculture products, health care, high-tech products and finance, Liu said.

Such cooperation is a win-win choice as it can promote the high-quality development of the Chinese economy, meet the people's needs, and contribute to the US effort to reduce its trade deficit, he added.

Meanwhile, the two countries will also strengthen their cooperation in mutual investment and intellectual property protection, Liu said, adding that it not only benefits the two nations, but also helps support the stability and prosperity of the global economy and trade.

He underlined that China, with a large middle-income population, will become the world's largest market.

The Chinese market will be highly competitive, he said, adding that nations longing for the market have to improve the competitiveness of their products and service, so as to attract the Chinese people.

China is ready to buy goods not only from the US but also from around the world, Liu said.

The Chinese vice premier added that China welcomes all countries to attend the first China International Import Expo to be held in Shanghai in November this year. (Source: CGTN)

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