China hopes Beijing and Washington can resolve their trade dispute “with peaceful and rational attitude,” Vice Commerce Minister Wang Shouwen stated on Sunday, forward of talks in two weeks between the two sides.
The U.S. and China have been locked in an escalating trade war for past a year. They have levied disciplinary duties on hundreds of billions of dollars of each other’s goods, roiling financial markets, and threatening global growth.
A brand new round of high-level talks between the world’s two largest economies is anticipated in Washington on Oct. 10-11, led from the Chinese aspect by President Xi Jinping’s topmost economic adviser of country, Vice Premier Liu He.
Wang has part of China’s negotiating team with the U.S., informed a news conference that Liu would visit Washington for the talks the week after China’s National Day holiday, which ends on Oct. 7.
He stated he hoped both sides would discover methods to resolve their differences. He considers this can benefit both countries’ people as well as the world, he added.
The Trump administration is acknowledging complete new financial pressure techniques on Beijing, including the opportunity of de-listing Chinese companies from U.S. stock exchanges.
Sources informed Reuters on Friday that the move could be part of a broader effort to limit U.S. investments into Chinese firms, in part due to increasing security issues about their activities.