Chinese Minister of Commerce Wang Wentao and US Secretary of Commerce Gina Raimondo held a meeting in San Francisco, according to a statement released by the ministry.
The two sided had pragmatic, constructive and fruitful communications on China-US economic and trade relations as well as economic and trade issues of common concern, it said.
China is willing to work with the US to implement the consensus reached by the two countries’ leaders, adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation, make good use of the communication channels, manage differences and create a favourable environment for trade and investment cooperation, Wang said.
The two held in-depth exchanges on national security issues in the economic and trade fields and Wang expressed concern over the US final rule on semiconductor export control against China, sanctions against Chinese enterprises, two-way investment restrictions and 301 tariffs.
The two sides agreed that the ministries of commerce will hold the first meeting of the trade working group dialogue at the vice-ministerial level in Q1 2024.