China Willing to Hold Dialogue with the U.S. to Promote Mutual Trade

China is eager to promote bilateral trade relations with the United States and is willing to hold a dialogue, news organisations reported on Friday quoting vice commerce minister Wang Shouwen.

"We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade relations," Wang said at a press conference in Beijing. China is also willing to "expand areas of cooperation and manage differences" with the U.S”.

President-elect Donald Trump, who enters office on January 20 next year has said that he will impose 10% tariff on all foreign imports and 60% on all Chinese good. Trump’s statements are in line with his “America First” and “Make America Great Again” slogans, which led him to win the election. However, this stand protects domestic business instead of promoting free trade, and China would be the biggest loser.

China in recent days has made aggressive business inroads in South America, in Peru and Brazil, much to the chagrin of the U.S.