China-US Economic Ties

China Premier Li Urges US to U-Turn on Decoupling Push

 

Beijing has urged the US to U-turn on its push to decouple from China and instead forge stronger economic and trade ties between the two countries.

That’s the view of Chinese Premier Li Qiang who was speaking on Wednesday during a meeting with a visiting US delegation, Chinese state radio reported.

“Strengthening economic and trade cooperation is a win-win situation for both countries,” Li told the delegation led by US Chamber of Commerce chief Suzanne Clark.

 

Also on AF: US Startup, Singapore to Build an Ocean Carbon Removal Plant

 

“Seeking decoupling and building ‘small yards with high walls’ do not align with the fundamental interests of both sides,” he added.

Li said US companies were welcome to continue investing in China and that barriers were not in the fundamental interests of both sides.

Clark is leading a delegation of former US government officials to Beijing this week, the group has said.

The visit comes as the United States and China gradually resume engagements after the two economic superpowers’ most tense relations in years, at loggerheads over the future of democratically ruled Taiwan, territorial claims in the South China Sea and trade policies.

Ties are still recovering after the United States downed an alleged Chinese spy balloon a year ago.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

Western Spy Chiefs Warn China Using AI to Steal Tech Secrets

China’s Li Qiang Urges ASEAN Nations to ‘Avoid a New Cold War’

For China Users, an Apple vs Huawei Battle is Picking up Pace

EU Denies China Decoupling Plan But Admits ‘De-Risk’ Aim

China Decoupling Unfeasible, Would Carry Huge Costs: Merck CEO

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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