SOURCE / ECONOMY
'Decoupling' of the US and China is not in the economic interest of either side: America Chamber of Commerce
Published: Jun 21, 2022 11:15 PM
Photo: VCG
Photo: VCG

A "decoupling" of the US and China is not in the economic interest of either side, as China remains an attractive investment destination and the top priority market for nearly two-thirds of member companies in the American Chamber of Commerce in China, Colm Rafferty, president of the chamber, said.

He made the remarks during a video conference held by the Ministry of Commerce on June 16, with representatives of more than 150 chamber member companies participating in the event.

During the conference, the two sides exchanged in-depth views on topics such as US-China economic and trade relations, the 2022 American Business in China White Paper, the initiatives to stabilize foreign investment under epidemic prevention and control measures, as well as China's further expansion and opening-up.

Wang Shouwen, Vice Minister of Commerce of China, said that the country is willing to work with US companies in China to address the challenges posed by COVID-19 and promote the stability of US-China economic and trade relations.

Wang noted that the Chinese government has always insisted on expanding a high-level opening-up, actively responding to the demands of foreign enterprises in China.

Since this year, the ministry has focused on listening to the opinions and demands of foreign-funded enterprises, with a special team addressing various difficulties expressed by US enterprises, including areas like imports and exports, resumption of work and production, logistics and transportation, as well as personnel exchanges.

The Chamber appreciated the recent positive measures taken by the Chinese government to stimulate economic recovery, hoping that China will take more steps to stabilize the economy, protect the equal treatment of foreign enterprises, in addition to further cut red tape for foreign investment and provide more support for foreign investment projects.