Chinese officials voiced optimism that Beijing and Washington can find a way to ...
SINGAPORE - Chinese officials voiced optimism that Beijing and Washington can find a way to clinch the so-called Phase One trade deal next month, despite the abrupt cancellation of the summit where the heads of state were to meet to formally sign the deal.
“Based on mutual trust and mutual benefits, I believe both countries can achieve great success,” said Zhu, who was directly involved in the bilateral trade talks as a vice finance minister until his retirement in 2018. The cancellation of the Asia-Pacific Economic Cooperation summit in Chile - announced as social unrest continued to rock Santiago - emerged as the latest twist in a 15-month-old trade dispute that has roiled markets and stoked fears about a global recession.
“The cancellation of the Chile summit has zero impact on trade deal between China and the U.S.,” said Wei. “There are lots of options out there for the two leaders to sign the deal. The deal can be signed in China, the U.S., or any third-party countries like Singapore.” “ would be a disaster for both China and the U.S. and the whole world,” former Chinese vice premier Zeng Peiyan told the forum on Wednesday, calling the idea “an extreme expression” of trade protectionism and unilateralism.
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