China and the United States both have the 'ability and wisdom' to reach a trade deal that is good for both, says Beijing's top diplomat
BEIJING/WASHINGTON - China and the United States both have the “ability and wisdom” to reach a trade deal that is good for both, the Chinese government’s top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
The prospect that the United States and China were spiraling into a fiercer, more protracted dispute that could derail the global economy has rattled investors and led to a sharp selloff on equities markets in the past week. “We believe that as long as these negotiations are in line with China’s general direction of reform and opening up, in line with China’s fundamental need for high-quality development, and in line with the common and long-term interests of the Chinese and American peoples, both countries’ negotiating teams have the ability and wisdom to resolve each other’s reasonable demands, and in the end reach a mutually beneficial, win-win agreement.”Factbox: Tariff wars - duties imposed by Trump and U.S.
“Maybe something will happen,” Trump said in remarks at the White House on Monday. “We’re going to be meeting, as you know, at the G20 in Japan and that’ll be, I think, probably a very fruitful meeting.”
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