The Ministry of Commerce of China has emphasized the importance of promoting the sound and stable growth of bilateral economic and trade relations between China and the United States. In a statement released on Thursday, Shu Jueting, a spokesperson for the ministry, highlighted the need for injecting positive energy into the global economy through strengthened cooperation between the two economic giants.
The statement from the Ministry of Commerce follows remarks made by the US Treasury Secretary Janet Yellen during a closed-door meeting with business leaders on June 8. According to CNN, Yellen stressed the significance of trade and investment with China, acknowledging the interconnected interests and the imperative to collaborate on urgent global challenges.
China, as the world’s largest developing country, and the United States, as the largest developed country, have substantial economic complementary aspects and interconnected interests. Both nations have benefited from each other’s development, contributing to their respective economic growth and prosperity, Shu Jueting remarked.
The spokesperson further emphasized that bilateral economic and trade cooperation not only impacts the immediate interests of both peoples but also plays a pivotal role in promoting global economic growth and enhancing the well-being of all individuals. Consequently, upholding the principles of mutual respect, peaceful coexistence, and win-win cooperation becomes essential for the healthy and steady development of bilateral economic and trade ties, she added.
The Ministry of Commerce’s statement highlights a positive approach towards fostering stronger economic relations between China and the United States. It indicates a mutual recognition of the benefits derived from cooperation and the potential for promoting global economic stability. By advocating for the principles of mutual respect and win-win cooperation, both nations aim to ensure the continued growth and prosperity of their economies, as well as contributing to the overall well-being of people worldwide.
As the world closely watches the developments between these two economic powerhouses, efforts towards cooperation and stability in bilateral economic and trade relations are seen as a positive step forward. The potential for increased collaboration and economic integration between China and the United States could have far-reaching effects on the global economy, providing a much-needed boost amidst challenging times.