China Urges Countries to Restore Stability in Trade Relations with US

2023-09-01 1

China's Ministry of Commerce says the best way for countries to "de-risk" is to restore stability in trade relations between China and the US. A spokesperson said returning bilateral trade to a "healthy, stable development path," as agreed by Chinese and US leaders, would help reduce risks, stabilize business expectations, and boost investment confidence. US investment in China rose 25.5% in the first seven months of 2023, showing economic ties remain despite tensions. While some economic decoupling occurs, fully separating the economies would damage global supply chains and hurt businesses.

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