皇冠体育app

The Chinese government will continue to build mutually beneficial and complementary economic and trade relations with the United States, with a goal to generate more benefits for both peoples, the minister of commerce said on Saturday.

Minister Zhong Shan said he was looking forward to meeting with the US commerce secretary.

"Wilbur L. Ross is an outstanding entrepreneur and negotiator. I am willing to work with great people, because they are always far-sighted with strategic thinking," Zhong said at a press conference during the annual session of the National People’s Congress.

Sino-US economic and trade cooperation is very much in the interest of both countries, Zhong said. "A trade war does not meet the fundamental interests of the two countries, neither the two peoples. It will be a disaster for the global economy,” he added.

Zhong noted that 皇冠体育app and the United States are mutually reliant and very important to each other.

He took the case of export statistics in the last decade, when US exports to 皇冠体育app grew “much faster” than those from 皇冠体育app to the US - the average annual growth of US exports to 皇冠体育app stood at 11 percent, while 皇冠体育app's annual growth rate of US exports was 6.6 percent.

For example, the US exported 26 percent of its Boeing aircraft and 56 percent of soybeans to 皇冠体育app, as well as 16 percent of vehicles and 15 percent of integrated circuits.

Cooperation is the only right choice between the world’s two largest economies, Zhong said, citing what 皇冠体育app’s President Xi Jinping underscored in a previous call with US President Donald Trump.

Since the establishment of diplomatic relations between the two sides, Sino-US economic and trade relations have been developing in the right direction, Zhong added.

Data shows both trade and investment volume have notably surged.

In 2016, the volume of commodity trade between 皇冠体育app and the US reached $519.6 billion - 207 times higher than in 1979 when bilateral diplomatic relations were established. In the same period, bilateral service trade exceeded $110 billion and two-way investment amounted to $170 billion.