Vice Premier Wang Qishan said on Monday that an unbalanced recovery would be better than a balanced recession, in light of the current
condition of the global economy.
He made the remark at the 22nd session of the China-US Joint Commission on Commerce and Trade (JCCT), held in China's southwestern city of Chengdu, reported Xinhua.
The two countries' stable development will make positive contributions to the world, Wang said, adding that China is ready to conduct closer and broader economic cooperation with the US.
Greece has weeks left before bankruptcy Wang called on the US to make substantive progress in relaxing controls on high-tech exports to China, avoiding the abuse of trade remedies, recognising China's market economy status, and giving equal treatment to Chinese companies that invest in the US.
China and the US should reject trade protectionism, avoid politicising economic issues and work together to promote the robust, sustainable and balanced growth of the world economy, Wang said.
He lauded the rapid development of Sino-US trade and investment, noting that two-way trade volume from January to October hit $363.1 billion, demonstrating year-on-year growth of 17 per cent.
Recession fears hit equity funds China has made positive accomplishments in protecting intellectual property, promoting the use of genuine computer software and cracking down on counterfeiting, Wang said.
Wang co-chaired the meeting with US Commerce Secretary John Bryson and Trade Representative Ron Kirk.
US Agriculture Secretary Tom Vilsack was also present as part of a US government delegation seeking more export opportunities from China.
The two sides held a closed-door meeting November 20.
Established in 1983, the JCCT is a platform for China and the US to promote trade relations and address issues of mutual concern.
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