Improved Sino-US biz ties welcomed

Experts say closer engagement helps ensure long-term stability, growth

Closer engagement between Chinese and US business communities is likely to mitigate the risk of economic decoupling and reinforce the enduring appeal of the Chinese market to global investors, said government officials and business leaders on Thursday.

They made the remarks following the latest round of China-US economic and trade talks held in Stockholm earlier this week. The two sides engaged in candid, in-depth and constructive discussions on key issues of mutual concern.

Building on the consensus reached at the meeting, both sides will continue pushing for a continued extension by 90 days of the pause on 24 percent tariffs from the United States, as well as countermeasures by China, said the Ministry of Commerce.