Xinhua News Agency News of the Two Sessions: Lou Qinjian, spokesperson of the Third Session of the 14th National People's Congress, said that the essence of China-US economic and trade relations is mutual benefit and win-win results. In the 46 years since the establishment of diplomatic relations, the trade volume between China and the United States has increased by more than 200 times, and the stock of two-way investment is about US$250 billion, which not only brings tangible benefits to their respective people, but also effectively promotes global economic development. The US's unilateral tariff imposition is contrary to WTO rules and interferes with the security and stability of the global industrial chain and supply chain. We hope that the US and China will move towards each other and find solutions to the problem through equal consultations.
