China’s vice ForeignMin: Willing to work with US to take steps to promote more balanced trade

Chinese vice foreign minister crossed the wires last hour, via Reuters, commenting on trade relationship with the US.

Key Points:

Trade and business ties with US good for both countries and win-win

China does not seek trade surplus with US

Has no currency devaluation policy to promote exports

Chinese investment in US brings employment opportunities

China willing to work with US to take steps to promote more balanced trade

Both countries can appropriately handle trade frictions