China considers it significant that the United States has recently indicated that trade friction should be dealt with through dialogue and communication, and will keep the door open for negotiation, Premier Li Keqiang said.

Premier Li made the remark when meeting with US Secretary of Transportation Elaine Chao in the Zhongnanhai leadership compound in Beijing on the afternoon of April 26.

“China and the US are the world’s largest developing country and the largest developed country. Maintaining stable and sound growth in relations between China and the US meets the expectations of both countries and people around the world,” Premier Li said.

Mutual benefit and win-win results are the essence of trade and economic cooperation between China and the US, he said.

No winner would emerge from a trade conflict, and a trade conflict could also affect world economic recovery and hit the global industrial chain, the Premier told Chao.

He said that sitting down for dialogue is the only way to successfully deal with trade frictions facing the two nations.

Noting that President Xi Jinping and US President Donald Trump have had many conversations, both in person and over the phone, Premier Li said the two countries should implement important consensuses reached by the two leaders and work together in the spirit of mutual trust, mutual respect and consultation on an equal footing to reduce differences.

He added that China is willing to push forward pragmatic cooperation with the US regarding transportation, including autonomous vehicles.

The Premier also said that China, with huge market potential, will firmly further its opening-up and hopes all countries, including the US, will take advantage of opportunities created by China’s opening-up efforts.

Chao congratulated Premier Li on China’s economic performance in continuing to maintain a high growth rate. Relations between China and the US now stand at a critical stage of development, she said, and she added that she hopes both countries will reach a positive outcome from trade and economic dialogue and promote pragmatic cooperation.

Chao is leading the US delegation participating in talks as part of the China-US Transportation Forum in Beijing. The forum, established in 2008, facilitates partnerships and bilateral dialogue in areas of mutual interest.

The meetings have focused recently on automated vehicles and infrastructure development.

At a meeting on April 26, Chao said she hopes the forum will “strengthen the discussion between our two ministries and contribute to a long-term relationship that is constructive and results-oriented”.