At a recent press briefing, Chinese commerce minister Wang Wentao delivered a clear message: "Any attempt to forcibly decouple the Chinese mainland-U.S. economic and trade ties is destined to fail."
Wang noted that despite a marginal decline in each other's share of overall trade, bilateral trade has held up well. From 2017 to 2024, goods trade climbed 18% while services trade surged 34.7%. Investment flows remain strong, with business communities on both sides deepening engagement.
"In essence, the Chinese mainland-U.S. economic and trade relations benefit both sides and bring win-win outcomes. Cooperation is the only right path," he added, emphasizing the job creation supported by cross-border commerce.
Wang stressed that equal-footed dialogue and consultation have enabled both sides to manage differences, address frictions and secure mutually beneficial results, all while upholding national interests and international fairness.
Despite global headwinds, the Chinese mainland's economy sustained steady growth in the first half of 2024, underpinned by solid fundamentals. "We have the confidence and resolve to defend our legitimate interests," he said.
As the world's two largest economies, the Chinese mainland and the United States share a duty to foster certainty and stability in global prosperity. Wang expressed readiness to enhance dialogue, expand common ground and steer their economic and trade relationship toward a healthy, stable and sustainable future.
Reference(s):
Commerce minister: Any attempt to 'decouple' China-U.S. bound to fail
cgtn.com
