China hopes that the United States will precisely delineate security boundaries and refrain from politicizing or making sweeping generalizations about security matters, said China's top commerce official.

During his meeting with a bipartisan U.S. Senate delegation led by Senate Majority Leader Chuck Schumer in Beijing on Monday, Chinese Commerce Minister Wang Wentao emphasized that the China-U.S. economic and trade relations not only concern both countries but also have a global impact, said a statement released by the Ministry of Commerce.

Wang said that the development and progress of both countries can be opportunities for each other rather than challenges, and cooperation is the only right choice for both sides. China does not shy away from competition, but competition should be based on international economic and trade rules and should be fair and benign.

China is willing to work together with the U.S. to uphold the principles of mutual respect, peaceful coexistence and win-win cooperation, creating a favorable business environment for cooperation between the business communities of the two countries and advancing bilateral trade and investment, he added.

Wang also expressed concerns about issues such as the U.S. export controls on China, investment restrictions, sanctions on Chinese companies, restrictions on personnel exchanges and equal treatment for Chinese-invested companies operating in the U.S..

Schumer said that the China-U.S. economic and trade relations are crucial for the two countries, and both parties in the U.S. Congress attach great importance to business ties with China. They do not seek decoupling from China and are willing to strengthen communication and exchanges with China.