Use the bundled USB-C cable with Target Mode
Yes - according to Apple:

Compared with Apple USB-C Charge Cable

The Apple USB-C Charge Cable is longer (2m) and also supports charging, but data-transfer speed is limited to 480Mbps (USB 2.0) and it doesn't support video. The Apple Thunderbolt 3 (USB-C) cable has Thunderbolt  logo on the sleeve of each connector. Either cable can be used with the Apple USB-C Power Adapter.

See here for reference.