China not looking for escalation of trade fiction with US: MOFCOM

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China does not want an escalation of trade frictions with the United States, and progress has been made in the latest round of talks that concluded over the weekend, Gao Feng, spokesman for China's Ministry of Commerce, said at a press conference on Thursday.

The essence of China-US economic and trade relations is win-win cooperation. Closer cooperation is conducive to the economies, the employment and livelihood of the two countries, Gao said.

China hopes the US side can meet halfway with China and promote the balanced and coordinated development of economic and trade cooperation between China and the US, he added.