China will honor trade deal, wants better U.S. ties, top adviser says



Market Watch|Associated Press

Beijing will honor its trade deal with the U.S. and wants to see better ties with Washington, senior Chinese officials said Thursday.

Zhu Guangyao, a former finance minister and Cabinet adviser, said the two countries should “waste no time” in improving relations to help better coordinate a response to the coronavirus pandemic.

He and other officials told reporters in Beijing that the two biggest economies are so closely entwined that they must find a way to work together because a lack of cooperation has come at a “high price.”

“The close connection between the Chinese and U.S. economies is the result of four decades of hard work on both sides, and that is also the reflection of the wishes of consumers in China and the United States,” Zhu said.

“Such interdependence will not disappear simply because some people clamor for ‘decoupling.’”

Zhu said relations with the U.S. were “far from satisfactory” with communications at a “standstill.”

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