SOURCE / ECONOMY
American businesses asked to bring China-US cooperation closer: Vice Foreign Minister
Published: Dec 01, 2021 04:13 PM
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China's Vice Foreign Minister Xie Feng urged American companies to further promote Sino-US cooperation and push the US government to stop reckless trade and technology wars and refocus on rational and pragmatic policy toward China, in a video conference with business representatives from the US on Tuesday.

The video conference came after the sixth plenary session of the 19th Central Committee of the Communist Party of China and the virtual meeting between the two countries' presidents, which injected certainty into bilateral cooperation perspectives, Xie said.

US business representatives including the American Chamber of Commerce in China, the American Chamber of Commerce in Shanghai and the US-China Business Council attended the video conference.

According to Xie, China is home to more than 70,000 American firms, 97 percent of which have been profitable. Over the next 15 years China is expected to import about $2.5 trillion in goods and services annually, which will bring great momentum to China-US economic and trade cooperation, Xie said.

Xie noted that as China has become the world's largest foreign investment destination since last year, the country will share more development opportunities with the world including the US.  Both sides can develop mutually beneficial cooperation in photovoltaic energy technology, energy-saving buildings and low-carbon transportation, as the green economy becomes a new growth lever, Xie added. 

It is hoped that American firms can continue to play the role of bridge between the two counties to push the US government to stop trade and technology war with a rational and pragmatic policy approach toward China, Xie said.

Xie said American companies can clearly oppose the politicization of economic and trade issues, and push the Biden administration to cancel the tariffs imposed on Chinese imports as well as ending sanctions against Chinese enterprises, providing a fair environment for enterprises of both countries.

US business representatives attending the meeting agreed that imposing tariffs on Chinese goods is not in the interest of either side. The US-China Business Council has signed a letter from nearly 30 business associations to the US government expressing their concerns over the punitive tariffs.

The US business community and many individual states and cities showed their confidence in the Chinese market, believing that China's business environment will continues to improve, and they will continue to cooperate with Chinese businesses to improve bilateral ties.

Global Times
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