New Chinese Premier Li Qiang touted trade ties with the US and questioned the need for decoupling, a sign that Beijing may be trying to put a floor under simmering tensions with Washington.
Li said China and the US were “closely intertwined economically,” adding that both nations benefited from each other’s development and pointing to last year’s two-way trade, which climbed to a record.
The comments provide some optimism that relations between the world’s two biggest economies won’t fall further. Ties soured last month when the US shot down a balloon that it said had been spying. China called that an overreaction, saying the device was collecting weather data when it was blown off course.
Shortly after that, the new foreign minister, Qin Gang, used his first major press briefing to declare that US competition “means to contain and suppress China in all respects,” comments that come as the Biden administration moves to cut China off from advanced technology. Li said “China and the United States can and must cooperate,” adding that “encirclement and suppression are in no one’s interest.”
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