Connect with us

Hi, what are you looking for?

Chinese President Xi Jinping/AFP


China, U.S. agree on joint efforts to solve specific problems in economy, trade: MOC

BEIJING, China, June 3 – China and the United States have started normal communications in the fields of economy and trade, agreeing on joint efforts to solve some specific problems in a practical way, the Ministry of Commerce (MOC) said Thursday.

Commenting on the recent video talks between Chinese and U.S. officials, MOC spokesperson Gao Feng said communications between the two sides had a “smooth start.”

Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held video conversations with U.S. Trade Representative Katherine Tai on May 27 and with U.S. Treasury Secretary Janet Yellen on June 2.

The two sides, based on equality and mutual respect, exchanged views on issues including bilateral trade and economic ties, macro situations and domestic policies, Gao noted.

“The two sides agreed that the conversations were professional, frank and constructive. China and the United States have started normal communications in the fields of economy and trade,” said Gao.

Both sides, with a consensus on seeking common ground while putting aside differences, agreed that the China-U.S. economic and trade relations are very important, with many specific fields for cooperation, Gao said.

The two countries both raised their respective issues of concern. The Chinese side raised its specific concerns with full consideration of the background and situation of its domestic economic development, he added.

Going forward, with a view to benefiting the two countries and the whole world, the two sides have agreed to make joint efforts to solve some specific problems for producers and consumers in a practical way and promote the healthy and stable development of bilateral economic and trade relations, Gao stressed.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...