China lists spe­cific ar­eas for ne­go­ti­a­tions with US

Global Times - - FRONT PAGE - By Shen Wei­duo and Xie Jun

China said on Thurs­day it will im­me­di­ately im­ple­ment the con­sen­sus reached with the US to re­duce trade fric­tion, start­ing with the agri­cul­ture, en­ergy and au­to­mo­bile sec­tors. China also de­nied it made a “great con­ces­sion” to the US, say­ing that the mea­sures are in ac­cor­dance with do­mes­tic needs

for re­form and open­ing-up.

The re­marks were made by Gao Feng, spokesper­son for the Min­istry of Com­merce (MOFCOM) at a reg­u­lar press con­fer­ence on Thurs­day.

“In the fol­low­ing 90 days, China will im­me­di­ately im­ple­ment the con­sen­sus made be­tween the lead­ers of the two coun­tries and will fol­low a clear sched­ule and road map to con­sult with the US in sec­tors such as in­tel­lec­tual prop­erty rights [IPR], tech­nol­ogy co­op­er­a­tion, mar­ket ac­cess and trade bal­ance,” said Gao.

“The ul­ti­mate goal for the two coun­tries is to re­move all the new tar­iffs based on mu­tual re­spect and mu­tual ben­e­fits,” he said.

The spokesper­son noted that teams from both sides are hav­ing smooth com­mu­ni­ca­tion and good co­op­er­a­tion.

“We are fully con­fi­dent of achiev­ing a con­sen­sus with the US side in the fol­low­ing days,” Gao said.

An­a­lysts called for a cau­tious at­ti­tude to­ward ne­go­ti­a­tions, say­ing the truce does not mean an end to the trade war.

Chen Fengy­ing, a research fel­low at the China In­sti­tutes of Con­tem­po­rary In­ter­na­tional Re­la­tions in Bei­jing, said that the trade talks will def­i­nitely lead to a re­sult, but it’s too early to say whether the re­sult will be sat­is­fac­tory for China, as the US is pub­licly adopt­ing a tougher stance.

Chen told the Global Times that China’s eco­nomic teams re­spon­si­ble for the trade talks should “fo­cus on the talks and not be dis­tracted by strate­gies used by the US side aim­ing to gain more in­ter­ests.”

No con­ces­sion

The MOFCOM spokesper­son dis­missed the nar­ra­tive China was mak­ing “great con­ces­sion” at all the ne­go­ti­a­tions.

“Pro­tect­ing IPR, pro­mot­ing fair com­pe­ti­tion and re­lax­ing mar­ket en­try are com­mon needs of both Chi­nese and US en­ter­prises, and are highly in ac­cor­dance with China’s goal of deep­en­ing re­form and ex­pand­ing the scope of open­ing-up,” Gao said.

“China has also been ex­pand­ing im­ports in re­cent years in or­der to sat­isfy Chi­nese peo­ple’s pur­suit of a bet­ter life and to achieve a high-qual­ity de­vel­op­ment,” he said.

Bai Ming, deputy di­rec­tor of the Min­istry of Com­merce’s In­ter­na­tional Mar­ket Research In­sti­tute, told the Global Times on Thurs­day that China has al­ready showed its sin­cer­ity and ini­tia­tive in push­ing for a bet­ter re­la­tion­ship with the US.

On Wed­nes­day the State Coun­cil, China’s cab­i­net, passed a draft amend­ment to the Patent Law to pro­tect IPR and com­bat in­fringe­ment.

The amend­ment comes one day af­ter the Na­tional De­vel­op­ment and Re­form Com­mis­sion, China’s top eco­nomic plan­ner, is­sued a joint mem­o­ran­dum, one of the most de­tailed doc­u­ments on IPR pro­tec­tion is­sued by China, on penal­ties for se­ri­ous breaches.

“To pur­sue a bet­ter trade re­la­tion­ship is also in the in­ter­ests of the US,” Bai said, as Wash­ing­ton was “fac­ing pres­sure from both its do­mes­tic com­pa­nies and the in­ter­na­tional com­mu­nity who op­pose its uni­lat­er­al­ism and pro­tec­tion­ism that have dis­turbed the in­ter­na­tional or­der.”

To reach a fi­nal con­sen­sus, “the US should also show its re­spect and stop be­ing capri­cious,” Bai said.

Dur­ing the 90 days, Wash­ing­ton should be fully aware that Bei­jing will never con­cede on its core in­ter­ests like up­grad­ing its in­dus­trial struc­ture, he noted.

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