Chinanews, August 26, "The Sino-US economic and trade team maintains normal communication." The Ministry of Commerce held a regular press conference on the 26th. Gao Feng, the spokesperson of the Ministry of Commerce, said at the meeting.
A reporter asked at the meeting whether China’s imports from the United States in the first seven months fulfilled the requirements of the Sino-US trade agreement?
According to some media reports, the US Secretary of the Treasury intends to come to China for consultations with Vice Premier Liu He. What news does China have to disclose?
What is the progress of China-US consultations?
In response, Gao Feng said that in the first seven months of this year, bilateral trade in goods between China and the United States increased by 40% year-on-year. Among them, China's imports from the United States increased by 50.4% year-on-year, and exports to the United States increased by 36.9%.
This fully demonstrates that the economies of the two countries are highly complementary and that bilateral economic and trade cooperation is in the interests of the two countries and their peoples.
Gao Feng also stated that the Sino-US economic and trade team maintains normal communication.
"As for the US media reports you mentioned, I don't currently have any information. If there is any further information, we will release it in time."
A reporter asked that the US-China Business Council sent a letter urging the US government to expand bilateral trade between China and the US and cancel the tariffs previously imposed due to trade frictions. What's the comment of the Ministry of Commerce on this?
Gao Feng said that the Chinese side has always believed that the US tariff increase is not good for China, not good for the United States, and not good for the recovery of the world economy.
Another reporter asked a question that some domestic research institutions recently analyzed that after the signing of the first phase of the Sino-US trade agreement, China increased its efforts to import related products from the United States. However, due to the epidemic and other factors, China completed the first phase of the economic and trade agreement. Import targets are less likely. Imports of agricultural products are relatively closer to the target, and manufactured products and energy are far from the target.
Does the Ministry of Commerce have any comment on this?
"Expanding Sino-US trade cooperation, we have always emphasized that the two sides should work together to create an atmosphere and conditions to promote implementation." Gao Feng responded.