Economy

China's Commerce Minister Warns: Trade Wars Damage Global Economy, Advocates for Dialogue

China Urges Constructive Dialogue Over Trade Wars

Chinese Commerce Minister Wang Wentao has openly criticized trade wars, stating they "benefit no one". In a recent meeting, Wang emphasized the importance of equal and constructive dialogue between China and the US to resolve economic disputes. He highlighted China's dedication to opening its economy and fostering global stability during these uncertain times.

Meeting with Bridgewater Associates Founder

During his discussion with Ray Dalio, the billionaire founder of Bridgewater Associates, Wang shared insights on the global economy and the future of US-China trade relations. Dalio commended China's economic advancements and expressed his support for enhancing bilateral ties between the two nations.

Anticipated New Tariffs from Washington

Wang's comments come at a critical time, just a day before Washington is expected to announce new tariffs, underscoring the urgency for diplomatic engagement to prevent further economic strain.