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ch and field development resources to expand in the Chinese market over the coming years, he said.
Ministry of Commerce spokesman Gao Feng said last month that the two countries’ negotiating teams are hashing out the text of a deal, including an enforcem
ent mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest ec
onomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.
In the ninth round of trade consultations, negotiators discussed tec
hnology transfers, protection of intellectual property rights, non-tariff measures, the s
ervice sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) in t
he first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus
toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.
France cooperation has not changed, Xi said.
“The history of China-France cooperation shows that bilateral ties are not ‘a zero-sum game.’ The strong com
plementarities between the two economies will remain for a long time,” Xi said, adding that China’s sustained devel
opment and further opening-up will create a host of new opportunities as well as broader space for bilateral cooperation.
Xi called on the two countries to constantly explore new fields of cooperation, nurture new growth areas for cooper
ation, and speed up the implementation of the Belt and Road and third-party cooperation projects that have been agreed upon.
“China staands ready to strengthen strategic communication and coordination with France on major issues including the UN aff
airs, the reform of the World Trade Organization and climate change,” Xi said, adding that China always supports European inte
gration and hopes France can play a more active role in leading and promoting China-Europe relations.
Hailing his successful visit to China last year, Macron said that the two countries have been implementing the important con
sensus reached by him and Xi over the past year, strengthening cooperation on economy, trade, technology and culture.
care, theme parks, pet boarding services are expanding the sector.
The Spring Festival holiday in February was a peak period for such services as more pet ow
ners tended to make use of luxury pet hotels as ordinary boarding kennels were overbooked.
Beijing-based Liu Ronghuan, 35, a college teacher, said she was quite satisfied with the pet hotel she chose for her cat.
It offered fancy services like massages, beauty salons, and pet portrait photos. The s
even-day stay cost Liu about 5,000 yuan, almost the same price as a three-star hotel room.
“Compared with the price, I cared more about whe
ther my cat was having an enjoyable time during the family reunion time,” Liu said.
Developing countries are in need of investment, and in the past five years through Belt and Road Initiative, China has helped many developing economies in i
nfrastructure construction and production capacity cooperation, said Qian Keming, vice-minister of commerce.
The Belt and Road Initiative does not increase the debt pressure of countries involved, and
as a matter of fact it helps the related economies get more investment they need, Qian said.The Min
istry of Commerce said on Saturday it noticed some countries have tightened the security review of foreign investment in r
ecent years, which may obstruct the investment activities of Chinese companies in the overseas markets.
“We are closely watching this issue and seeing how it develops,” Qian Keming, vice-minister of commerce, told at a pre
ss conference from the sidelines of the two sessions. “We are firmly against protectionism in any form, and do not wa
nt to see the abuse of security review as a way to obstruct the normal investment activities.”
“We are willing to work with relevant countries, creating an open and transpa
rent business environment and making the world economy an open one,” Qian added.