Foreign ministry: China-U.S. economic ties rooted in common interests

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A view of Beijing's central business district, March 7, 2024. /CFP

China-U.S. economic relations are rooted in the common interests of the two countries and are mutually beneficial in nature, Chinese Foreign Ministry's spokesperson Wang Wenbin said at a press conference on Wednesday in response to an upcoming visit by U.S. Treasury Secretary Janet Yellen.

Wang said China hopes the U.S. will meet China halfway and work towards properly handling differences, building consensus and deepening cooperation, as well as promoting the steady development of China-U.S. economic relations.

As agreed between China and the United States, Yellen will visit China from April 4 to April 9.

China's leading electric vehicle maker BYD's intelligent small-capacity rail transit system SkyShuttle in operation, Shenzhen City, March 5, 2024. /CFP

Meanwhile, Wang responded to U.S. concerns over China's alleged "overcapacity" in key new industries, pointing out that in recent years, China's exports of electric vehicles, lithium batteries and photovoltaic products have increased, which is the result of the international division of labor and market demand and is conducive to promoting green development worldwide.

The continued attempts taken by the U.S. to suppress China's economy, trade and technology will not remove risks but instead create risks, he added.