GENEVA, May 11 (Xinhua) -- Chinese Vice Premier He Lifeng urged on Sunday China and the United States to find proper solutions to problems, and extend the list of cooperation.
He, the Chinese lead person for China-U.S. economic and trade affairs, held a high-level meeting over the weekend with U.S. lead person Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
The two sides conducted in-depth, candid and constructive communication on implementing the important consensus reached by the heads of state of the two countries on Jan. 17, and reached a series of major consensuses.
He said China and the United States share extensive common interests and broad space for cooperation, and economic and trade relations between the two countries are mutually beneficial and win-win in nature.
As two major countries with different development stages and economic systems, it is normal for China and the United States to have differences and frictions in economic and trade cooperation, He said, stressing that the key is to take the important consensus reached by the heads of state of the two countries as guidance and find proper solutions to the problems based on principles of mutual respect, peaceful coexistence and win-win cooperation.
There are no winners in a trade war, He said, adding that China does not want a trade war, but is not afraid of one. If the U.S. side insists on infringing upon China's rights and interests, China will resolutely retaliate and play along.
He stressed that maintaining stable development of China-U.S. economic and trade relations is in line with the fundamental interests of the two countries and their people, and is also conducive to global economic development.
He urged both sides to explore more potential for cooperation, extend the list of cooperation, make pie of cooperation bigger, promote the continuous new development of China-U.S. economic and trade relations and inject more stability and certainty into the development of the world economy.
The two sides have also agreed to establish an economic and trade consultation mechanism to maintain communication on their respective concerns in the economic and trade fields.