Chinese Commerce Minister "Wants Active Cooperation with US in Economy and Trade"

Expectations for a Different Image Compared to the Trump Era

(Beijing Reuters=Yonhap News) Wang Wentao, Minister of Commerce of China, is speaking at a press conference hosted by the State Council in Beijing on the 24th. Minister Wang expressed willingness to expand exchanges with the United States in the economic and trade sectors.
jsmoon@yna.co.kr
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[Asia Economy Reporter Lee Hyun-joo] Wang Wentao, China's Minister of Commerce, expressed his desire to actively cooperate with the United States in the economic and trade sectors.

According to local media on the 24th, Minister Wang stated at a press conference hosted by the State Council Information Office held in Beijing that "cooperation is the only correct choice" regarding the direction of Sino-US economic and trade relations.

Minister Wang emphasized, "The essence of Sino-US economic and trade relations lies in mutual prosperity, and the interests of both sides share a deep common denominator," adding, "Cooperation benefits both parties, but conflict harms everyone."

He highlighted, "Although global trade transactions were sluggish in 2020 due to COVID-19, trade between China and the US increased against this trend," and stressed, "Economic and trade cooperation actively drives bilateral relations and brings many benefits to both sides."

These remarks by Minister Wang came as China hopes the Biden administration will adopt a different approach to China compared to the Trump administration.

While China anticipates a prolonged Sino-US hegemonic competition, there is also an expectation that the Biden administration may present a different stance from the Trump administration in nearly all areas.

Since this is reportedly the first time Wang Wentao, China's new trade chief, has appeared before domestic and international media, his remarks on this day are also analyzed as a clear public message directed at the United States.

This content was produced with the assistance of AI translation services.