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China upbeat on trade talks with U.S., says both 'seek common ground'

EconomyJun 03, 2021 06:40AM ET
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© Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song//File Photo

BEIJING (Reuters) -China hailed on Thursday the resumption of "normal discussions" with the United States on the trade and economic fronts, apparently keen to move beyond a trade war as it said both sides aimed to resolve issues pragmatically.

China's Vice Premier Liu He, who has led trade negotiations with the United States, has held two video calls with U.S. Trade Representative Katherine Tai and Treasury Secretary Janet Yellen in a week, marking the first formal engagement between the two sides on trade and economic issues under the Biden administration.

Both calls lasted about 50 minutes, commerce ministry spokesman Gao Feng told a regular news conference, adding that conversations started smoothly and Sino-U.S. trade, macro-economic situations and domestic policies were among the topics.

The discussions aimed at solving various issues come after a period of strained relations between the world's two biggest economies, including a nearly two-year tit-for-tat trade war.

"China and the United States have resumed normal discussions on economics and trade," Gao told reporters. "Seeking common ground while setting aside differences was the consensus."

China also raised its specific concerns based on the performance of its domestic economy, he said.

"In the next step, the two sides, in the interests of both countries and the world, agreed to work together and pragmatically solve some specific issues for producers and consumers, and push forward the healthy developments of Sino-U.S. trade and economic relations," Gao said.

The United States issued terse statements on the talks that emphasised candid exchanges with the Chinese side. Yellen and Tai said they looked forward to future discussions with Liu.

Chinese state media also focused on the positive tone of the economic talks following frosty exchanges between top Chinese and U.S. foreign policy officials at a meeting in Alaska in March.

The exchanges over the past week were "sparking optimism over enhanced communication between the world's two biggest economies", the Chinese state-run Global Times tabloid reported.

"It could be constructive for both sides to exchange their stances on a wide range of issues of dispute, and try to untangle at least certain aspects of the increasingly complex and escalating rivalry," the Global Times said.

China upbeat on trade talks with U.S., says both 'seek common ground'
 

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Comments (6)
Deborah Hill
Deborah Hill Jun 05, 2021 4:37PM ET
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Back to the Obama era where China imports a dollar for every 3 they export to the U.S. Low pay service jobs for American's while high pay manufacturing jobs return to China and Mexico.
Steve Lora
Steve Lora Jun 04, 2021 12:54PM ET
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China should be upbeat. They have a crampuff lily white liberal prez to rip off
Dave Cash
Dave Cash Jun 04, 2021 12:00PM ET
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What year is it
John Klan
John Klan Jun 03, 2021 10:57AM ET
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yeah they both have a lot in common.....Hunter.
John Klan
John Klan Jun 03, 2021 10:57AM ET
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They removed 12 thumbs up off my comment while I was watching.....insane.
Tom Lemon
Tom Lemon Jun 03, 2021 10:57AM ET
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, trump did nothing for 4 years. hunter holds no office or position. Ivanka had her fashion line exempt from daddy's tariffs with china. seems like the trumps were the only ones benefitting from daddy don's policies.
Ad Cline
Ad Cline Jun 03, 2021 10:57AM ET
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Tom you forget Ivanka's gift of millions of dollars in Chinese copyrights on her brands, and the 100s of millions of dollars in low cost loans from Chinese government owned banks to the Trump organization.
Ad Cline
Ad Cline Jun 03, 2021 10:57AM ET
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the millions of dollars in gifts of copyrights to ivanka and bank loans to The Trump organization, says it all when it comes to Trump and his family, and their real relationship with the Chinese.
Felipe Daniel
Felipe Daniel Jun 03, 2021 9:50AM ET
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Biden is the weakest president in American history
John Klan
John Klan Jun 03, 2021 9:50AM ET
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won't chaulk up any more thumbs up for your comment. Censorship got your post flagged. So...👍
Tom Lemon
Tom Lemon Jun 03, 2021 9:50AM ET
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what did trump do? nothing!
William Smith
William Smith Jun 03, 2021 7:35AM ET
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China will steamroll Biden again, just like they did at the first meeting a fee months ago. It's like a dragon meeting a mouse.
Kevin Eddlemon
Kevin Eddlemon Jun 03, 2021 7:35AM ET
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Yes, they certainly will. I can't blame China, they sense weakness and they are right
Tom Lemon
Tom Lemon Jun 03, 2021 7:35AM ET
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Kevin Eddlemon wrong. but what did trump do other than manipulate the stock market when in "talks with china"?
 
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