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MNI BRIEF: China, US Should Push Trade Cooperation- Mofcom

(MNI) LONDON
BEIJING (MNI)

Beijing and Washington should boost economic and trade cooperation on the basis of mutual benefits and equal treatment, Gao Feng, a spokesman for the Ministry of Commerce said Thursday, pointing to the growth of China-U.S. trade in Q1.

China's exports to the U.S. rose 62.7% y/y while imports from the U.S. grew 57.9% in Q1, albeit compared to the early pandemic months of 2020. Imports of energy, agricultural products, automobiles, and auto parts all rose, said Gao, also noting the quick recovery of the two economies.

Safeguarding the security of the global supply chain is in the interests of both countries, Gao added when asked to comment on the U.S. Strategic Competition Act of 2021 which aims to counter China's high-tech aims.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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