China urges concrete actions by U.S. on economic, trade ties

China's Ministry of Finance said on Friday that China urges the United States to take concrete actions for healthy development and mutually beneficial cooperation of the economic and trade ties between the two countries.

The remarks were made in a ministry's statement on its website in response to media inquiries about U.S. Treasury Secretary Janet Yellen's visit to China.

The ministry said in the statement that her visit to China, from Thursday to Sunday, is an important measure to implement the consensus reached at their Bali meeting between the leaders of the two countries and to enhance communication and exchange in the financial and economic fields.

The essence of the China-U.S. economic and trade ties is mutually beneficial and win-win. There are no winners in trade wars or decoupling, noted the ministry's statement.

The statement said that China urges the U.S. for concrete actions to create a favorable environment for the healthy development and mutually beneficial cooperation of the economic and trade ties between China and the U.S.