China ,US Agree Not To Engage In Trade War

May 22, 2018
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Chinese President Xi Jinping's special envoy and Vice Premier Liu He said on Saturday that 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.

 

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.