The United States should resolve trade rows with China through dialogue on an equal footing and should not politicize them, a senior Commerce Ministry official said in remarks published on Monday.
The warning by Chen Deming came a day after Finance Minister Xie Xuren said legislation being considered by the U.S. Congress could seriously harm trade ties with China.
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Chen, a newly appointed vice-minister who is in line to take over the top job, said U.S. media coverage of issues such as the exchange rate, food safety and intellectual property rights had been "hindering the normal development" of two-way ties.
He said growing economic independence meant the two countries had more and more common interests that called for cooperation.
As we all know, China is a major lender to the U.S., and we use the money they lend us to buy their manufactured goods, as well as wage wars in the Middle East. Furthermore, many major U.S. companies realize that their future growth depends on access to China and its markets. Also, China is a major holder of U.S. dollars, giving them more control over that currency's prospects than I'm sure the U.S. is comfortable with.
Given the U.S.'s weak bargaining position in this relationship, it's no surprise that their position is conciliatory.
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