In a dynamic exchange underscoring the benefits of international economic cooperation, China’s Vice Commerce Minister Wang Shouwen met on Tuesday with PepsiCo’s chairman and CEO Ramon Laguarta. The meeting highlighted that healthy and sustainable China-U.S. trade relations serve the fundamental interests of both nations and create win-win opportunities for enterprises around the globe.
Wang Shouwen, who also acts as China’s international trade representative, emphasized that a series of policy measures designed to expand domestic demand and promote consumption are key to achieving China’s 2025 economic growth targets. These initiatives are paving the way for diverse enterprises, including major players like PepsiCo, to tap into new market opportunities.
Ramon Laguarta noted that PepsiCo is experiencing rapid growth in its food and beverage operations in China, crediting the nation’s pro-consumption policies for the firm’s success. The company plans to increase investment in local operations and deepen its market engagement, reinforcing the message that stable, transparent trade ties can drive robust global business growth.
The dialogue also addressed challenges such as U.S. unilateral tariff hikes, with both sides stressing the importance of maintaining a balanced trading environment. As global markets evolve, such high-level exchanges are a promising sign of sustained economic stability and mutual prosperity.
Reference(s):
Stable China-U.S. trade ties will benefit global firms: vice minister
cgtn.com
