Dialogue can reduce trade frictions

The first round of a comprehensive economic dialogue between China and the United States will be held on July 19 in Washington under the co-chairmanship of Chinese Vice-Premier Wang Yang, and US Secretary of Treasury Steven Mnuchin and Secretary of Commerce Wilbur Ross. It will be one of the many first rounds of future dialogues, which also include those on law enforcement, cybersecurity, and people-to-people and cultural exchanges.

The decision to hold the comprehensive economic dialogue on Wednesday was confirmed by President Xi Jinping and US President Donald Trump on the sidelines of the G20 summit in Hamburg, Germany, where Xi told Trump the 100-Day Action Plan on China-US economic cooperation has made notable progress and both sides are working on a one-year cooperation plan.

Compared with the annual US-China Strategic and Economic Dialogue held between 2009 and 2016, the upcoming dialogue will focus more on concrete negotiations and aim to "get things done" before due time.