Chinese Vice Premier Liu He is still set to join a delegation of Chinese negotiators this week in Washington, but the latest development between the world's largest economies has rekindled concerns about the global growth outlook.
While Chinese Vice Premier Liu He is still set to join a delegation of Chinese negotiators this week in Washington, the latest development between the world's largest economies has rekindled concerns about the global growth outlook.
"The trade war really has a negative impact on the Chinese economy — there is no denying of that," Victor Gao of the Center for China and Globalization told CNBC's "Squawk Box" on Tuesday. China's President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.Still, Gao said, it will be in Beijing's — and Washington's — favor to strike a deal sooner rather than later.
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