China says trade talks with US’moving forward’
The latest talks had attained”new significant progress,” Foreign Ministry spokesman Lu Kang said at a daily news briefing.
“We also feel that the consultation is going ahead. We expect that the two sides may continue working together to properly address each other’s concerns on the basis of mutual respect, equality and mutual advantage,” Lu said.
Lu’s remarks were echoed by people from Commerce Ministry spokesman Gao Feng, who stated”new progress” had been made at the talks.
“They will save no efforts for the negotiations and working towards the direction of implementing the consensus reached by both leaders,” Gao said at a later briefing.
The 3 days of talks in Washington last week dealt with problems including enforcement of arrangements , intellectual property rights security steps, agriculture and technology transfer.
White House press secretary Sarah Sanders earlier said”significant work stays” until an agreement could be reached.
The dispute centers on the Trump administration’s allegations that China Requires technology and coerces U.S. firms to hand over trade secrets — all part of Beijing’s zeal to sabotage U.S. technological dominance. To stress China, the United States has imposed tariffs about $250 billion. The Chinese have counterpunched by exceeding $110 billion in U.S. imports.
Forecasters in the World Bank and International Monetary Fund, amongst others, have downgraded their outlook to the worldwide economy in part since the U.S.-China rift is detrimental trade and inducing businesses to impede investment until they know how the dispute will likely end.
Tensions have eased last year since Trump and Chinese President Xi Jinping met in Buenos Aires along with the administration ended up minding its plans to increase tariffs about $200 billion of Chinese imports to buy time.