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"This is far preferable to unilateral actions taken by one nation that then lead to escalating retaliation by the other," he said.
SOE reform, aimed at improving efficiency and competitiveness through innovation, remains a priority for local governments this year. The southern coastal city of Shenzhen, Guangdong Province, has targeted growth of 9 percent or more in the total profit of municipal SOEs this year.
Liu said both China and Britain are committed to upholding and promoting free trade and open economies.
"There are many activities for China and other GMS countries, especially Vietnam, to collaborate in various areas of socioeconomic development," Phan said,
Data from the Office of the U.S. Trade Representative showed that U.S. exports of goods to China in 2016 were 115.6 billion dollars, accounting for 8 percent of overall U.S. exports in 2016 and up 503 percent from 2001 (pre-WTO accession).
来源：资阳报