In­si­id­dee

China Daily (Latin America Weekly) - - Front Page -

China and the United States achieved pos­i­tive and con­crete progress in the fields of agri­cul­ture and en­ergy dur­ing the lat­est round of trade con­sul­ta­tions, with the de­tails sub­ject to fi­nal­iza­tion by both sides, ac­cord­ing to a Chi­nese state­ment is­sued on Sun­day.

While ac­knowl­edg­ing the pos­i­tive devel­op­ment, the state­ment em­pha­sized that the re­sults achieved be­tween China and the US should be based on the con­di­tion that the two sides meet each other half­way and agree not to en­gage in a trade war.

If the US in­tro­duces trade sanc­tions, in­clud­ing tar­iff in­creases, all the eco­nomic and trade achieve­ments ne­go­ti­ated by the two sides will not take ef­fect, ac­cord­ing to the state­ment.

The state­ment came af­ter Vice-Pre­mier Liu He held talks with US Sec­re­tary of Com­merce Wil­bur Ross in Bei­jing on Satur­day and Sun­day. The talks were a con­tin­u­a­tion of the China-US trade and eco­nomic con­sul­ta­tions in Wash­ing­ton two weeks ago.

China re­it­er­ated in the state­ment that its at­ti­tude has been con­sis­tent and it is will­ing to in­crease im­ports from nu­mer­ous coun­tries around the world, in­clud­ing the US, to meet the Chi­nese peo­ple’s grow­ing de­mand for a bet­ter life and the re­quire­ments of high-qual­ity eco­nomic devel­op­ment.

Sun­day’s state­ment also em­pha­sized that re­form and open­ing-up as well as boost­ing do­mes­tic de­mand are China’s na­tional strate­gies and the es­tab­lished pace (of im­ple­ment­ing the strate­gies) will not change.

Ex­perts viewed the state­ment as a re­flec­tion of China’s de­sire to re­solve the trade dis­putes and to re­spond to ex­ter­nal chal­lenges by firmly up­hold­ing its re­form and open­ing-up poli­cies.

“China is pur­su­ing longterm goals and is try­ing to fo­cus on up­grad­ing its econ­omy and meet­ing the grow­ing de­mand of do­mes­tic con­sumers while the US is seek­ing short-term gains. Judg­ing from the talk re­sults, the coun­try (China) has en­sured its Edi­to­rial, Edi­to­rial page 11 core in­ter­ests,” said Mei Xinyu, a re­searcher at the In­ter­na­tional Trade and Eco­nomic Co­op­er­a­tion In­sti­tute, part of the Min­istry of Com­merce.

Mei pointed out that greater en­ergy im­ports, such as crude oil and nat­u­ral gas, from the US at rea­son­able prices could help China re­duce its man­u­fac­tur­ing cost and boost the sec­tor’s strength in the world mar­ket.

“China had al­ready planned to im­port the goods it agreed to pur­chase from

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