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China is ready to hold discussions and work with the United States to resolve trade disputes because the world's two largest economies stand to lose from confrontation, Vice President Wang Qishan said yesterday.
Beijing and Washington have imposed tit-for-tat duties on each other's goods over recent months, with neither side backing down from an increasingly bitter trade dispute that has jolted financial markets and cast a pall over the global economy.
"Negativity and anger are not the way to address the problems that have emerged in economic globalization, nor will barriers or disputes help solve one's own problems," Wang said. "Instead they would only exacerbate global market turbulence."
Beijing supports the settlement of international disputes via rules and consensus and stands against unilateralism and protectionism, he added.