U.S. trade talks progress “well received”: China

Vastavam web: The “substantive progress” China and the United States have made in their trade talks has been “well-received” in both countries and around the world, a senior Chinese official said on Monday, maintaning Beijing’s previous upbeat assessment of discussions. “History shows cooperation is the best choice for the world’s two largest economies,” Zhang Yesui, a former Chinese ambassador in Washington and now spokesman for China’s largely rubber-stamp parliament, told a news briefing.

China and the United States have imposed tit-for-tat tariffs on hundreds of billions of dollars worth of each others’ goods, and the talks are aimed at de-escalating a conflict that has roiled financial markets, disrupted manufacturing supply chains and shrunk U.S. farm exports. “Economic and trade tries between China and the United States are mutually beneficial, win-win by the nature, and we hope that both sides can continue to step up consultations, to reach a mutually-beneficial, win-win agreement.”

Zhang noted that aside fronm the trade dispute, the two countries also regularly clash over issues like human rights, the disputed South China Sea and self-ruled Taiwan, which China claims as its own. While China will defend its sovereignty, security and development interests, it is also dedicated to having a relationship with the United States based on mutual respect and non-confrontation, he said.

“It’s totally normal to have differences and disputes, but this does not inevitably lead to antagonism or confrontation.” It is in neither country’s interests to clash or have confrontation, Zhang added.