Washington, 25 May 2023 (TDI): On Thursday, the US and China Commerce Chiefs agreed to forge stronger communication between the two countries during their candid talks.

According to a statement released by the Chinese Ministry of Commerce, Chinese Commerce Minister Wang Wentao and U.S. Commerce Secretary held bilateral talks to enhance communication and address key concerns related to the U.S-China commercial relationship.

The discussions covered various economic and trade issues, including policies on semiconductors, export control, and outbound investment. Therefore, both sides engaged in candid and substantive discussions, exploring areas for potential cooperation and evaluating the trade and investment environment in their respective countries.

The U.S. Department of Commerce, on its part, also acknowledged the importance of productive talks, highlighting the establishment of communication channels to address specific economic and trade concerns.

This development signifies the latest efforts between the world’s two largest economies to achieve economic reconciliation.

On the flip side, China as well emphasized the importance of normalizing Sino-U.S. economic and trade ties, underscoring the extensive common interests and cooperation opportunities between the two countries.

Moreover, Minister Wang, during an online conversation with U.S.-China Business Council President Craig Allen earlier this year, urged the swift restoration of bilateral trade relations.

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Therefore, the successful bilateral discussions reflect the commitment of both nations to open dialogue and cooperation, fostering a more constructive and mutually beneficial commercial relationship.