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US-China relations
ChinaDiplomacy

China’s new trade chief urges US to return relations to right track

  • Commerce Minister Wang Wentao uses first press briefing to remind Washington that both countries benefit from cooperation
  • Wang says China will work with the US on trade and the economy on the basis of mutual respect

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New Commerce Minister Wang Wentao says China is willing to work with the US on the basis of equality and mutual respect. Photo: Reuters
Orange WangandWendy Wuin Beijing
China looks forward to working with the new US administration to return bilateral trade and economic relations to “the right track”, a senior Chinese trade official said.
Wang Wentao, in his first press conference as commerce minister on Wednesday, said China was willing to “strengthen exchanges” with the US on trade and the economy and cooperate “on the basis of mutual respect, equality and mutual benefit”.

“In the next stage, I also look forward to working with colleagues in the United States to strengthen communication, enhance understanding, focus on cooperation and manage risks, to push bilateral economic and trade relations back on the right track, in accordance with the spirit of the call between the two heads of state,” said Wang, who was appointed as trade head in late December.

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His comments came as the Biden administration refines its China policies, with more indications that Washington will continue with its hardline stance on China while trying to rally support from like-minded partners.

President Joe Biden said last Friday, in a speech to the Munich Security Conference, that the US and its international allies must push back against Beijing’s “abuses and coercion that undercut the foundations of the international economic system”.

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His nominee for deputy treasury secretary Wally Adeyemo, indicated in his Senate confirmation hearing on Tuesday that the US may continue to use the investment bans adopted by the Trump administration to “hold China accountable for actions they take that are not consistent with international law and that put our national security at risk”.
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