Finance

China hopes to work closer with U.S. firms in NEVs, biopharma -industry minister

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SHANGHAI, Oct 18 (Reuters) – China hopes U.S. companies will strengthen their cooperation with Chinese language firms within the areas of recent vitality automobiles, biopharma and next-generation info and communication know-how, the nation’s {industry} minister mentioned on Monday.

Xiao Yaqing, China’s Minister of Trade and Info Expertise, made the feedback at a video convention assembly with the chairman of the U.S.-China Enterprise Council, in keeping with an announcement posted on the ministry’s official WeChat account.

Xiao additionally mentioned that U.S. and Chinese language companies have been interdependent within the international industrial chain and that China welcomes U.S. firms to increase their funding in China, the assertion mentioned.

Reporting by Brenda Goh and Roxanne Liu; Enhancing by Catherine Evans

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