New Economy Forum

China Urges U.S. to Mend Ties as Biden Weighs Fresh Trade Probe

WATCH: Beijing has urged the U.S. to take steps to repair their damaged relations. Dan Ten Kate reports.(Source: Bloomberg)
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China urged the U.S. to take steps to repair damaged ties between the two countries, as the Biden administration weighs a new investigation into Chinese industrial subsidies.

Foreign Ministry spokesman Zhao Lijian called on the U.S. to uphold the spirit of the telephone conversation last week between President Joe Biden and Xi Jinping. Zhao was responding to a question about a Bloomberg News report Friday regarding a meeting on a potential investigation into Chinese subsidies and their economic impact.