Foreign and Military Affairs

China hopes to deepen cooperation with US

(Xinhua)
Updated: 2010-11-12 06:26

SEOUL- China is willing to deepen economic and trade cooperation and strengthen bilateral ties with the United States in a "constructive manner", a senior official from China's Ministry of Commerce said here Thursday.

At a press conference held Thursday evening, Yu Jianhua, director general of the International Trade and Economic Affairs Department of Ministry of Commerce, said China does not want to get into confrontation with the United States in trade and exchange rate issues, though its second round of quantitative easing will have great impact on China and other emerging economies.

"On the contrary, we are willing to deepen economic and trade cooperation with the United States in a constructive manner," said Yu, who is also a member of the Chinese delegation to the G20 Seoul Summit which opened Thursday evening.

He said Chinese Premier Wen Jiabao also proposed to deepen the bilateral economic and trade cooperation during a meeting with U.S. President Barak Obama in New York last September.

"Therefore, much common ground can be found in the China-U.S. cooperation. I am optimistic on the future of the two countries' relations," Yu said. Yu also stressed that China hopes to deal with the trade and currency issues through dialogue. These issues should not be politicized or internationalized, and bilateral issues should not develop to a multilateral one. Otherwise the existing issues would become more complicated, he said.

On Thursday afternoon, Chinese President Hu Jintao met with U.S. President Obama in Seoul, the host for the G20 Summit. The two heads of state exchanged in-depth opinions on the Sino-U.S. relations and common concerned international and regional issues, and reached consensus.

Chinese delegation spokesman Ma Zhaoxu told the press conference that both the two leaders agree that boosting Sino-U.S. relationship to a higher level, against the backdrop of the profoundly changing international circumstances, will not only concern the two countries but also the future of the world.