rch and field development resources to expand in the Chinese market over the coming years, he said.
Ministry of Commerce spokesman Gao Feng said last month that the t
wo countries’ negotiating teams are hashing out the text of a deal, including an enfo
rcement mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest eco
nomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.
In the ninth round of trade consultations, negotiators discussed tec
hnology transfers, protection of intellectual property rights, non-tariff measures, the servi
ce sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) i
n the first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus
toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.
ational Cooperation, to be held in Beijing on Thursday through Saturday, S
ong said the ministry will help deepen economic and trade cooperation with other coun
tries. “China will build more free trade zones with countries that are willing to do so,” Song added.
“As for the existing free trade zones, we will reduce administrative barriers in trade
and investment and push the formation of a big Belt and Road marketplace.”
While some critics have argued that the initiative will lead countries i
nto debt traps, Song said debt can be solved through joint efforts to promote the devel
opment of BRI economies. “Even though some countries may have high debt levels, as their pace of indus
trialization, urbanization and modernization accelerates, their debts will gradually decrease.”
Joe Kaeser, president and CEO of Siemens AG, said, “If an initiative like the BRI unifies more than two-thirds of the global
population, it will create massive infrastructure and economic movement that will build its own rules.”
nts to visit China in the future.Kendra Le, a Niles North freshman, was thrilled about Xi’s response letter, the Chicago Tribune reported.
“I was surprised, very surprised,” Le was quoted in the report as say
ing. “It was an honor to receive a letter from him. It was really nice getting a letter from him.”
The report also said that Zhao Jian, the Chinese consul general in Chicago, personally
delivered the letter to a gathering of students enrolled in Chinese classes at Niles North on April 3.
Serena Meyers, a Niles North senior taking her first year of Chinese after thr
ee terms of Spanish, was not only happy to receive the response, but also ple
ased at how the Chinese leader made an effort to answer the questions her classmates posed.
“I was absolutely surprised,” she told the Chicago Tribune. “He has a lot to do and it was a
n honor he wrote back to us.”The Niles North High School began offering Mandarin courses in 2008.