MIL-OSI Russia: Lower tariffs between China and the US will benefit bilateral trade and global economic recovery: GSU representative

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, May 19 (Xinhua) — A significant reduction in customs duties between China and the United States is beneficial to the growth of trade between the two countries and the global economic recovery, Fu Linghui, an official with the National Bureau of Statistics, said at a press conference on Monday.

The current international situation remains complex and serious, and the world is facing the rise of unilateralism and protectionism, which poses serious challenges to the international trade and economic order and constrains global economic growth, Fu Linghui said.

However, the overall trend of mutually beneficial international cooperation will not change, Fu Linghui noted, adding that China’s firm commitment to expanding its opening up to the outside world will also remain unchanged.

The country’s foreign trade diversification has been steadily advancing, and policies to promote foreign trade have consistently demonstrated effectiveness, which will continue to support the steady growth of foreign trade, Fu Linghui added. -0-

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