BEIJING, Aug. 25 -- Chinese and British trade ministers have vowed to improve economic ties between the two countries and expand cooperation during the 13th conference of the China-UK Joint Economic and Trade Commission held in Beijing on Friday.
With the China-Britain relations in "Golden Era," the commission aims to implement the consensus reached by leaders of the two countries on economic and trade cooperation at the beginning of the year, pushing for new progress in cooperation in trade, investment and the World Trade Organization (WTO), said Zhong Shan, China's minister of commerce.
Echoing Zhong's words, British International Trade Secretary Liam Fox said Britain hopes the two countries will strengthen policy coordination, develop new growth points in trade and investment, and reach agreements on higher-level economic ties.
On trade frictions between China and the United States, Zhong said the U.S.-ignited trade war seriously violated WTO rules and represented unilateralism and trade bullying, and the U.S. smear in China's intellectual property rights (IPRs) protection is not in line with the fact.
There is no winner in a trade war, Zhong said, stressing that China does not want a trade war but is not afraid of one, and will resolutely defend the interests of the country and its people.
Fox said Britain firmly supports free trade and opposes unilateralism and protectionism, and hopes China and the United States will resolve their differences through consultations.
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