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Commentary: Reopening consultations right choice for China, U.S.

(Xinhua)    13:48, September 07, 2019

BEIJING, Sept. 6 (Xinhua) -- On the morning of Sept. 5, Chinese and U.S. chief trade negotiators made a phone call, agreeing to hold the 13th round of the Sino-U.S. high-level economic and trade consultations in Washington in early October and maintain close communication before that.

The message has lifted the stock markets in many countries, including China and the United States.

The world is in urgent need of an end to trade tensions. Implementing the consensus reached by the two heads of state and resolving problems through consultation and cooperation is the correct choice for the two countries.

In spite of differences, China and the U.S. have vast intertwined interests and areas of cooperation. They should promote each other's development and seek mutually acceptable solutions.

China has been increasing efforts to better its trade environment and open up wider to the world, which enables the global economy to share China's dividend of economic growth.

From January to July, foreign direct investment into the Chinese mainland expanded 7.3 percent year on year to 533.14 billion yuan (about 75 billion U.S. dollars), with 24,050 new foreign-funded enterprises established, according to China's Ministry of Commerce.

China is willing to come back to the negotiating table and manage differences with the U.S. side, but the consultations should have principles and bottom lines. Trade talks should be resumed on the right track toward implementing consensuses reached by the two heads of state previously.

The two sides should work to narrow differences and expand common ground to achieve substantial progress in the consultations.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

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