BEIJING: Chinese Vice Commerce Minister Wang Shouwen told his US counterpart on Saturday that a modern China was an economic “opportunity” not a “threat” to the United States, the ministry said.

Trade is one of the many areas of friction between the world’s two leading powers, along with rivalry in technology and tensions in the South China Sea and over Taiwan.

Wang met US Under Secretary of Commerce for International Trade Marisa Lago in the northern port city of Tianjin — the second meeting this year between the two officials.

They held “professional, rational and pragmatic” discussions on political and trade issues, raised in particular by the business communities of the two countries, the commerce ministry said in a statement.

Wang expressed China’s concerns about the numerous US customs duties and sanctions targeting Chinese companies or products.

Published in Dawn, September 8th, 2024

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

On press freedoms
Updated 03 May, 2026

On press freedoms

THE citizenry forgets, to its own peril, how important a free and independent media is in the preservation of their...
Inflation strain
03 May, 2026

Inflation strain

PAKISTAN’S return to double-digit inflation after 21 months signals renewed economic strain where external shocks...
Troubled waters
03 May, 2026

Troubled waters

PAKISTAN’S water crisis is often framed in terms of scarcity. Increasingly, it is also a crisis of contamination....
Iran stalemate
Updated 02 May, 2026

Iran stalemate

THE US and Iran are currently somewhere between war and peace. While a tenuous ceasefire — extended largely due to...
Tax shortfall
02 May, 2026

Tax shortfall

THE Rs684bn shortfall in tax collection during the first 10 months of the fiscal year is a continuation of a...
Teaching inclusion
02 May, 2026

Teaching inclusion

DISCRIMINATORY and exclusionary content in Punjab’s textbooks has been flagged in Inclusive Education for a United...