China and US agree to push forward trade and investment ties

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BEIJING: Commerce ministers from China and the United States have agreed to push forward trade and investment links in their first call since the start of the Biden administration.

Chinese Commerce Minister Wang Wentao and his counterpart Gina Raimondo “agreed to promote the healthy development of pragmatic cooperation in trade and investment, ” in a phone call yesterday morning China time.

Some parts of US policy toward China are becoming clearer, but it’s still not publicly clear what the US plans to do with the “phase one” trade deal signed last year or tariffs on Chinese goods. China last week stated that normal communications between the two countries have started, according to Commerce Ministry spokesman Gao Feng.

 

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