China News Service, January 13. According to the website of the Ministry of Commerce, on January 12, 2023, Minister Wang Wentao met with Allen, Chairman of the US-China Business Council via video.

The two sides exchanged views on issues such as China-US economic and trade relations and China's further opening-up.

  Wang Wentao said that in November last year, President Xi Jinping held a meeting with President Biden in Bali, Indonesia, which set the tone and pointed out the direction for bilateral economic and trade relations.

The Ministry of Commerce of China is willing to work with relevant departments of the United States to implement the important consensus reached at the Bali meeting between the two heads of state, seek common ground while reserving differences, conduct rational, pragmatic and professional communication, and promote cooperation in accordance with the principles of mutual respect, peaceful coexistence, and win-win cooperation, and promote cooperation for the Positive impetus has been injected into bilateral relations.

  Wang Wentao pointed out that China and the United States share extensive common interests and room for cooperation.

Sino-US economic and trade cooperation is beneficial to the well-being of the two peoples and plays a decisive role in global economic growth.

The U.S. government defines Sino-U.S. relations as "strategic competition," and adopts a series of trade and investment restrictive measures and protectionist practices against China, which have harmed the interests of businesses and people of the two countries.

It is hoped that the U.S. side will take a correct view of the opportunities that China's development brings to the U.S. and the world, and follow the direction specified by the two heads of state to push China-U.S. economic and trade relations back on track at an early date.

  Wang Wentao said that the 20th National Congress of the Communist Party of China emphasized that China will unswervingly expand its opening up and comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization.

The modernization of China with a population of more than 1.4 billion means huge opportunities for global companies, including American companies.

China is willing to regularly listen to the opinions of foreign-funded enterprises, including US-funded enterprises, and continuously improve a market-oriented, legalized and internationalized business environment.

  Allen said that the Bali meeting between the US and Chinese leaders has attracted the attention of the international community.

The two heads of state had candid, in-depth and constructive communication, which greatly encouraged the American business community.

It is hoped that the two sides will start with some specific issues, strengthen communication and cooperation, and enhance mutual trust.

The US-China Business Council has long been committed to promoting exchanges between the business circles of the two countries, and is willing to continue to support the cooperation between enterprises of the two countries and create a good environment for bilateral practical cooperation.