Chinese Premier Wen Jiabao said that he was confident that U.S.-China trade friction can be resolved and there was no reason for any reversal in bilateral ties.

"I fully believe that all the disputes and friction in China-U.S. trade at the moment can be resolved," Wen said in a speech to U.S. businesses on the sidelines of a U.N. summit on poverty and the annual U.N. General Assembly meetings. (Reuters)