Sincerity needed if USA wants to resume talks, says China's commerce ministry

25 Mai, 2019, 16:11 | Auteur: Anatole Charbonneau
  • Chinese yuan notes

Talks between the arena's two largest economies have stalled after each and each nation lobbied bigger tariffs on the numerous's imports, and China is reportedly occupied with canceling the following round of meetings in Beijing - even sooner than the USA formally accredited the invitation.

Chinese Commerce Ministry on Thursday said "the Chinese government has confidence in its ability to safeguard the rights and interests of Chinese companies".

US lawmakers also moved Wednesday to provide about $700 million (£554 million) in grants to help USA telecoms providers with the cost of removing Huawei equipment from their networks, and to block the use of equipment or services from Chinese telecoms firms Huawei and ZTE in next-generation 5G networks.

"The Chinese government will continue to strengthen efforts to deepen reform, broaden opening up, and build a fairer and stable business environment", said the ministry.

On the USA side too, there seems to be no hints about any progress in trade talks. China welcomed his remarks with Foreign Ministry saying "the door is open, but negotiations need to be meaningful and honest".

"If the United States wants to continue trade talks, they should show sincerity and correct their wrong actions.

If the US wants to resume talks, they should show sincerity and correct their wrong actions".

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"China's stance on the talks has been clear - if the USA wants to resume talks, they should show sincerity and correct their wrong practices Only on a basis of equality and mutual respect can the talks continue", the spokesman said. "It's quite clear it is the USA side that a few times changed its mind overnight and broke the tentative deal already reached".

China has blamed the United States for frequently changing its mind and called for an end US-China trade disputes.

"The United States is the most powerful developed country in the world, the world's sole superpower. Our door is tranquil originate", Cui said.

The disappointment was echoed by the stock market.

World shares fell sharply on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war. Sooner rather than later.

It's an impasse many hope will be resolved.

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