US, China Agree To Continue Efforts To Narrow Differences

On Monday, Chinese Premier Li Keqiang said on a meeting with the United Nations on refugees and migrants that China will be providing $100 million worth of humanitarian aid to countries and global organizations to assist in resolving the severe problem on refugee and migrant crisis and develop means to add support measures.

When bilateral trade and investment grow from almost nothing to its current enormous volume, it is only inevitable that frictions might arise, said Li.

China has had a ban in place on most US beef imports since 2003, partly due to concerns over the spread of bovine spongiform encephalopathy after a cow with the disease was found in Washington state.

U.S. President Barack Obama has urged China to accelerate measures to tackle overproduction of industrial goods, BBC News reports.

In its annual survey, the council found 90 percent of U.S. businesses operating in China were profitable, up from 85 percent in 2014.

“This process of them becoming more mature is also a process for them to open up and the areas of the Chinese economy open to foreign investment will only increase and China will only open its door even wider”.

From a leaders Summit on Migration to a speech to New York’s financial leaders, Chinese Premier Li Keqiang spent his second day in NY speaking about the world’s poorest and talking to some of its richest.

The premier announced $100 million in humanitarian aid “on top of previous pledges” and said his government was considering “setting aside the China-UN Peace and Development Fund to help countries with that effort”.

Enhancing China-US cooperation is in accord with the fundamental interests of the two peoples and the common wish of the world community, he said, while expressing China’s willingness to deepen bilateral, regional and global cooperation in various fields.

He gave his support to the bilateral investment treaty and to the creation of a better business environment between the two nations and better cooperation prospects for enterprises from both sides.

Li, who was attending the UN General Assembly in NY, said the election was a matter for the U.S., so what he could say was very limited. Since June, the two countries have engaged in negotiations on negative lists.

“China attaches great importance to and has taken an active part in addressing this issue”, Li told the gathering.

Barbara H. Franklin, former US Commerce Secretary, said she very much appreciates the wide-ranging remarks and candid answers to the questions given by the premier.

The former US Trade Representative hailed Li’s meeting with Obama on Monday as “continued evidence of our joint dedication to finding sound solutions to tough problems”.