Chinese President Xi Calls for Dialogue to Avert Trade War with the U.S.

Chinese President Xi Jinping expressed his willingness to engage in dialogue with the newly elected U.S. President Donald Trump to ease trade disputes and avert a potential trade war. In a statement to the U.S.-China Business Council this Thursday, Xi emphasized the importance of choosing "dialogue over confrontation and win-win cooperation over zero-sum games." He also reiterated his commitment to opening the Chinese market further to foreign companies, including those from the U.S.

Xi's remarks reflect his speech to leaders visiting major international economic organizations on Tuesday. According to CNBC's translation of his remarks in Mandarin, he stressed that "there will be no winners in tariff wars, trade wars, or technology wars." Xi called for both countries to maintain dialogue and manage their differences effectively.

This approach comes at a critical time for the relationship between the two economic powers, amid concerns over a potential escalation of trade tensions. Xi's commitment to open markets and his call for cooperation signal a possible pathway for progress in U.S.-China economic relations as the new U.S. administration prepares to take office.