Phone talks bode well for China-US trade ties

The latest phone conversation between Chinese and US economic representatives is a positive signal for business and trade ties between the world's two largest economies and will be beneficial to the global economic recovery, according to officials and analysts.

Trade between China and the United States, although already quite high in volume, still has great growth potential, and dialogue based on equality and mutual respect is a must to solve disputes and strengthen trade and business ties, they said.

Their comments came after Liu He, vice-premier, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, had a phone conversation with US Trade Representative Katherine Tai on Thursday morning.