China can 'absolutely' reach an agreement with the United States on op...
BEIJING - China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted talks with Washington had been difficult.
The two countries have been working to resolve a bitter trade dispute that has rattled financial markets and disrupted world supply chains in a blow to global growth. Washington has accused China of limiting market access for U.S. firms, forcing companies to transfer technology and providing little protection for intellectual property rights.
“On the opening of the financial sector, China and the United States absolutely can reach agreement. Though at present there may be a few small disagreements, the problems are not that great,” Guo said.Guo reiterated that China did not engage in competitive devaluation of the yuan currency.
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