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BEIJING (MNI)

China and the U.S. should build an economic “recoupling” system separated from politics and end the trade and tech war, as decoupling intensify an economic transition to high technologies, according to a report published by the Chongyang Institute for Finance Studies, Renmin University on Tuesday.

Decoupling will lead to a loss of about USD2 trillion, and the policy advisory think tank suggests the two countries should restart talks on a bilateral investment treaty (BIT), explore new investment areas in emerging and financial industries as well as cooperate in infrastructure construction.

China and the U.S. should also promote coordination in pandemic control and macroeconomic policies as well as enhance cooperation in climate change and energy fields, the report said.

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