China is open to a trade dialogue with the US, said Chinese vice-president Wang Qishan on Tuesday, signalling Beijing’s readiness to engage with Washington amid an escalating trade war that has seen the two largest economies in the world impose tariffs on billions of dollars worth of bilateral trade.
"The world today faces many major problems that require close cooperation between China and the US …China and the US will both gain from cooperation and lose from confrontation. Our relationship will have a direct impact on global stability and development," Mr Wang said at the opening of Bloomberg's New Economy Forum in Singapore.
"The Chinese side is ready to have a discussion with the US on issues of mutual concern and work for a solution on trade acceptable to both sides," he added.