China Calls for US Cooperation to Restore Global Trade Balance

Chinese Vice Minister Wang Lingjun emphasized the importance of cooperation in developing economic and trade relations between China and the US at a press conference in Beijing. He highlighted the necessity of dialogue and cooperation in achieving fair and open trade, and encouraged implementation of the goals outlined during high-level trade talks in London. According to CCTV, China's trade achievements in the first half of 2025 show a 2.9% year-on-year growth in imports and exports, with a record-high export value exceeding CNY 13 trillion.

Key Takeaways:

China calls for US cooperation to restore the global trade system to a path of fairness and openness.
The working groups of the Chinese and US sides are intensifying efforts to implement the goals outlined during high-level trade talks in London on July 9.
Dialogue and cooperation are the right path to achieving fair and open trade, according to Vice Minister Wang Lingjun.
China's total value of imports and exports of goods reached CNY 21.79 trillion during the first half of 2025, with a 2.9% year-on-year growth.
China achieved a 7.2% increase in exports, exceeding CNY 13 trillion for the first time in the country's history.
The volume of imports reached CNY 8.79 trillion, a decrease of 2.7% from the previous period.
Wang Lingjun stressed that there is no way out through blackmail and coercion, but rather through cooperation and dialogue.

Statistics:

China's total value of imports and exports of goods reached CNY 21.79 trillion (about USD 3.04 trillion) during the first half of 2025.
The volume of exports reached a new record high, exceeding CNY 13 trillion (USD 1.81 trillion) for the first time in China's history.
The volume of imports reached CNY 8.79 trillion (USD 1.22 trillion), a decrease of 2.7% from the previous period.
The growth rate of imports and exports is 2.9% year-on-year.

Sources:

(Kuwait News Agency) [July 14, 2025]
China Central Television (CCTV) - (no date mentioned)