Experts rule out China-US trade war

China and the United States have no interest in a so-called trade war, said experts on Thursday, pointing to significant progress in the implementation of the China-US 100-day action plan, particularly in agricultural, energy and high-end manufacturing products trade.

Their comments came after the Chinese government last month lifted a 13-year ban to allow certain categories of US beef to be imported into China. They will also jointly announce the conditions on imports of US chicken products to China before next Monday, another part of the China-US 100-day action plan.

Sino-US bilateral trade amounted to $219.26 billion between January and May this year, up 14.1 percent year-on-year, while China imported $63.17 billion of US goods such as crude oil, soybeans, machinery and transportation tools, jumping 21.4 percent from the same period a year earlier, according to the latest data from the Ministry of Commerce.