OREANDA-NEWS  The United States and China have decided to use new communication channels to resolve trade and economic issues, the Ministry of Commerce of the People's Republic of China reported.

Following the meeting in Beijing, Chinese Minister Wang Wentao and U.S. Commerce Secretary Gina Raimondo recognized the importance of an open and productive dialogue between states in this area and announced the creation of new interdepartmental communication channels.

To resolve the relevant problems, an intergovernmental working group at the level of deputy ministers, responsible persons of departments and departments, as well as representatives of the business community realized.

Consultations at the level of deputy ministers are planned twice a year, the heads of trade departments will meet at least once a year, as well as maintain regular contacts.

The US and China have also launched an information exchange mechanism on the issue of export restrictions in order to explain to each other the specifics of their work, as well as to optimize contacts.

Earlier, the Ministry of Commerce of China stated that Beijing reserves the right to take measures in response to US restrictions on investment. The PRC hopes that the United States will respect the laws of the market economy and the principles of fair competition, the ministry stressed.