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China welcomes U.S. companies to operate, develop in its market: spokeswoman

China

China welcomes U.S. companies to operate, develop in its market: spokeswoman
China

China

China welcomes U.S. companies to operate, develop in its market: spokeswoman

2025-05-28 16:51 Last Updated At:20:07

China welcomes U.S. companies to operate and develop in its market, a Chinese Foreign Ministry spokeswoman said on Wednesday, in response to media questions on recent developments about China-U.S. trade and investment.

At the 2025 Global Trade and Investment Promotion Summit held in Beijing on May 22, Michael Hart, president of the American Chamber of Commerce in China, said that U.S. enterprises in China have always believed in the Chinese market, and they hope both governments can find ways to cooperate for the benefit of enterprises and consumers on both sides.

Besides, there are also reports that many U.S. companies, including J.P. Morgan Chase, have stated that they will continue to invest in China.

Speaking at a press conference in Beijing, Mao Ning, the spokeswoman, said China-U.S. trade and economic relations are mutually beneficial in nature. "China-U.S. economic ties benefit both sides. Such cooperation between the world's two largest economies has brought tangible benefit to businesses and consumers of both countries," she said.

"After the China-U.S. economic and trade meeting in Geneva, orders from U.S. purchasers and cargo ship bookings between the two countries surged, testifying to the enormous two-way demand between China and the U.S.," Mao said.

"Protectionism will lead nowhere. We welcome companies from all countries, including the U.S., to operate and develop in China, deepen cooperation with China, and jointly create more opportunities and a better future," said the spokeswoman.

China welcomes U.S. companies to operate, develop in its market: spokeswoman

China welcomes U.S. companies to operate, develop in its market: spokeswoman

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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