China says U.S. lifting of export controls ‘conducive’ to bilateral trade

The Chinese Commerce Ministry said Tuesday that the U.S. Department of Commerce’s decision to remove 27 Chinese entities from its export-control “unverified list” is conducive to normal bilateral trade.

In a statement, the ministry said the move is in line with the common interests of the two sides, and indicates that solutions beneficial to the two countries’ enterprises can be found as long as the two sides follow the principle of frank cooperation and mutual benefit.

U.S. Commerce Secretary to visit China from August 27 to 30

(With input from Xinhua)