China Urges Countries to Restore Stability in Trade Relations with US
China's Ministry of Commerce says the best way for countries to "de-risk" is to restore stability in trade relations between China and the US. A spokesperson said returning bilateral trade to a "healthy, stable development path," as agreed by Chinese and US leaders, would help reduce risks, stabilize business expectations, and boost investment confidence. US investment in China rose 25.5% in the first seven months of 2023, showing economic ties remain despite tensions. While some economic decoupling occurs, fully separating the economies would damage global supply chains and hurt businesses.
Transcript
00:00 It's Ben Zinga and here's what's on the block.
00:02 China's Ministry of Commerce says the best way for countries to de-risk is to restore
00:07 stability in trade relations between China and the US.
00:10 A spokesperson said returning bilateral trade to a healthy, stable development path, as
00:15 agreed by Chinese and US leaders, would help reduce risks, stabilize business expectations,
00:21 and boost investment confidence.
00:22 US investment in China rose 25.5% in the first seven months of 2023, showing economic ties
00:29 remain despite tensions.
00:31 While some economic decoupling is occurring, fully separating the economies would damage
00:35 global supply chains and hurt businesses.
00:38 For all things money, visit Benzinga.com.
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