Wang Yi: China-U.S. cooperation is the only correct choice

Wang Yi, a member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, stated that as the two largest economies in the world, China and the United States benefit from cooperation and suffer from conflict. The economic and trade teams of both sides have reached a new joint arrangement, including the establishment of a Trade and Investment Council, the formation of an Agricultural Working Group, and a reciprocal tax reduction of 30 billion dollars, which has stabilized the economic and trade relations and market confidence between the two countries.