Wen urges cooperation to address trade imbalance with US

March 14th, 2012 - 1:49 pm ICT by IANS  

Beijing, March 14 (IANS) Cooperation is the way to address trade imbalance between China and the US as well as the difficulties and frictions arising from it, Chinese Premier Wen Jiabao said Wednesday.

The US should open its exports to China and ease related restrictions while promoting two-way investment, Wen said at a press conference right after the parliament’s annual session.

“China is prepared to buy more from the United States,” Xinhua quoted Wen as saying.

“I believe that cooperation between China and the US is always better than confrontation. As long as we continue to move in this right direction, the business ties between China and the United States will enjoy sustained and sound growth,” he added.

Wen said the two countries should create favourable conditions for mutual investment and enhance cooperation in infrastructure construction. China’s investment in US’ infrastructure construction sector would be a win-win solution for helping boost employment of American workers.

Wen also proposed expanding cooperation in high-tech fields, including new energy, new materials, energy conservation and aviation.

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