China-US Comprehensive Economic Dialogue positive says Wang Yang

China-US Comprehensive Economic Dialogue positive says Wang Yang

19/07/17

Paul Nicholson, Corporate Services Manager

Chinese Vice Premier Wang Yang has said that there will be opportunity for fruitful cooperation at the upcoming China-US Comprehensive Economic Dialogue meetings in Washington DC, despite fears that relations might “enter a stormy season of winter and even run the risk of a trade war”, reports Chinese news agency Xinhua

Speaking at a business lunch in Washington DC, Wang Yang said that the 100 day plan of bilateral cooperation – set out when Chinese President Xi Jinping met US President Donald Trump at Mar-a-Lago in April this year – had yielded positive outcomes, including the first US beef exports in 14 years and over 400,000 tons of LNG to China.

“More importantly, through 100 days of intensive engagement, our economic teams have built mutual trust, and managed to establish a way of communication featuring mutual respect and win-win cooperation” Wang said.

The Comprehensive Economic Dialogue comes just 10 days after President Xi and President Trump met on the sidelines of the Group of Twenty (G20) summit in Hamburg. Discussion on a range of deals, on financial services, energy and investment, have been tabled for the meetings which start on Thursday in Washington DC.

“We hope it will be a meaningful exchange and help to build an even stronger basis for our economic and trade relations, as we deal with the uncertainties of the global economy,” Chinese Ambassador to the United States, Cui Tiankai said.