China’s Commerce Minister Wang Wentao and a US congressional delegation led by Senate Majority Leader Chuck Schumer held candid and pragmatic discussions in Beijing, China’s Commerce Ministry said on Tuesday.
China is willing to work with the US to uphold the principles of mutual respect, peaceful coexistence and win-win cooperation, create a good business environment to foster cooperation between the business communities from the two countries, and promote bilateral trade and investment, Wang said.
He raised concerns on issues including US’ export controls, investment restrictions, harsh sanctions on Chinese companies, restrictions on personnel exchanges, and unfair treatment of Chinese-invested companies in the US.
China-US economic and trade relations not only concern the two countries, but also have a global impact, he said, adding that the two economies are far more complementary than competitive.
China does not shy away from competition, but competition ought to be based on international economic and trade rules and should be fair, unbiased and healthy, Wang said, while expressing the hope that the US will accurately define security boundaries and avoid generalizing security issues.
Earlier, Chinese Foreign Minister Wang Yi met with the US congressional delegation, expressing the hope that the US lawmakers will gain a more accurate understanding of China, view China in a more objective way, and manage differences in a more rational way, so as to play a constructive role in bringing bilateral relations back to the right track.