China-U.S. 100-day action plan hits 10 initial goals

Updated 2017-06-23 10:29:23 Global Times

Positive start for bilateral economic ties

A total of 10 initial targets have been achieved so far under the China-U.S. 100-day action plan in areas including agricultural products, investment, energy and financial services, Sun Jiwen, the spokesperson for the Ministry of Commerce (MOFCOM), told a briefing in Beijing on Thursday.

"The two countries are committed to carrying out the early goals and all relevant efforts are proceeding smoothly," Sun said.

For example, as part of the 100-day bilateral action plan, the U.S. has promised to issue regulations on the export of China-made chicken and poultry by July 16, while China has pledged to allow the import of U.S. beef by the same deadline, according to a statement on the website of the commerce ministry.

The General Administration of Quality Supervision, Inspection and Quarantine green lighted the import of U.S. beef on Tuesday, Sun said, noting that the first batch of U.S. beef is expected to arrive in Shanghai soon.

At the same time, the U.S. Department of Agriculture published a draft rule on the entry of China's poultry to U.S. market on June 15.

The draft will solicit public opinion for 60 days, according to Sun.

"It's a positive start for China-U.S. economic and trade relations under U.S. President Donald Trump's administration, especially at a time when the global economy has seen a rise in trade protectionism," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Thursday.

Bai noted that improved bilateral economic relations "will be a boon for companies in related industries" to capitalize on ever increasing market demand.

At Alibaba's Gateway '17 Event held in Detroit, Michigan, from Tuesday to Wednesday, a number of U.S. farmers reportedly have successfully sold tons of cherries to Chinese consumers through Chinese e-commerce platforms.

The case provides insights on how improved economic relations between China and the U.S. can achieve a win-win situation, as the two nations' economies are mutually complemented, Bai said.

China and the U.S. are now negotiating other key issues of the bilateral action plan, Sun noted.

Bai predicted that some "difficult issues" such as China's further opening-up of its service sector to U.S. companies and the lifting of restrictions imposed by the U.S. government on high-tech exports to China will be discussed.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 22 2017 01:50:09

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 22 2017 01:50:09

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 22 2017 01:50:09

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords