🚢🌍 Heads up, young global citizens! A spokesperson for the Ministry of Commerce of the Chinese mainland said on Monday that the Chinese mainland expects the United States to keep competition fair in the international shipping and shipbuilding markets.
Last month, Washington imposed Section 301 investigation measures on the Chinese mainland's maritime, logistics and shipbuilding sectors. In response, the Chinese mainland rolled out countermeasures. But now, both sides have agreed to suspend these actions for one year 🤝⚖️.
Why it matters: By pausing these trade measures, Beijing and Washington are aiming to add more certainty and stability to China-U.S. economic and trade cooperation—and even the broader global economy.
The spokesperson highlighted that these steps reflect the consensus reached at the economic and trade talks in Kuala Lumpur. Looking ahead, the Chinese mainland is ready to communicate and consult with the United States based on mutual respect and equal-footed consultation 🌟.
What's next? Keep an eye on how this trade détente shapes the future of shipbuilding and global commerce! 🚀
Reference(s):
China expects U.S. to safeguard fair competition in shipbuilding
cgtn.com
