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Chinese Commerce Minister meets US envoy to China, expresses concerns over US unilateral tariffs, expounds on China's stance on Nexperia issue

Global Times

By Global Times Published: Nov 21, 2025 12:27 AM

Chinese Commerce Minister Wang Wentao on Thursday met with US Ambassador to China David Perdue and the two sides held an in-depth exchange of views on China-US economic and trade relations, according to a release published on the Ministry of Commerce (MOFCOM) website.

Wang said that on October 30, the heads of state of China and the US met in Busan. Chinese President Xi Jinping stressed that China and the US can achieve mutual success and shared prosperity; and the business relationship should continue to serve as the anchor and driving force for China-U.S. relations, not a stumbling block or a point of friction.

China is ready to work with the US to implement the important consensus reached between the two heads of state, Wang noted. He said both sides should foster the right perception that China and the US must coexist and can achieve win-win outcomes, maintain sound economic and trade consultation mechanisms, manage uncertainties in the economic and trade relations, narrow the list of problems and expand the list of cooperation, so as to bring greater stability and predictability to both economies and the global economy, according to the release.

Wang stressed that last month, the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China reviewed and adopted the proposals for the 15th Five-Year Plan (2026-30), outlining a new blueprint for China's socioeconomic development over the next five years. He said China's policies are stable and consistent, and that China will stay focused on its own development, advance common prosperity for all, and share development opportunities with the world.

Wang expressed China's concerns over US unilateral tariffs, export controls, two-way investment restrictions, visa reviews, and restrictive clauses in US agreements with third parties. He also set out China's position on issues related to Nexperia and exchanged views with the US side on implementing the outcomes of recent economic and trade consultations.