China's Premier Li urges stronger economic, trade ties with US

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

By: Reuters

Beijing | February 28, 2024 07:48 PM IST

2 min read

China's Premier Li urges stronger economic, trade ties with US

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

China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier Li Qiang said 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 Chamber of Commerce chief Suzanne Clark.

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

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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 U.S. 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 US downed an alleged Chinese spy balloon a year ago.

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