Liu, speaking at a tech conference in southwest China’s Chongqing, said nobody benefited from a trade war.
“We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war,” Liu, who is President Xi Jinping’s top economic adviser, said, according to a government transcript.
“We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world,” he added.
U.S. companies are especially welcome in China, and will be treated well, Liu said.
“We welcome enterprises from all over the world, including the United States, to invest and operate in China,” he added.