Chinese vice foreign minister says progress made in trade talks with U.S.

[webfact]

Chinese vice foreign minister says progress made in trade talks with U.S.

 

FILE PHOTO: China Vice Minister of Foreign Affairs Le Yucheng talks to the media after the Universal Periodic Review of China by the Human Rights Council at the United Nations in Geneva, Switzerland, March 15, 2019. REUTERS/Stephanie Nebehay

 

BEIJING (Reuters) - China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on Tuesday, and any problem could be resolved as long as both sides respected each other.

 

No country can prosper without working with other nations, Le said at the Xiangshan Forum in Beijing, which China styles as its answer to the annual Shangri-La Dialogue security forum in Singapore.

 

The world wants China and the United States to end their trade war, he said. That required openness rather than a "de-coupling" of countries or a new Cold War.

 

China has been nervous that the United States is seeking to sever, or at least severely curb, economic ties in what has been called a "de-coupling". Beijing fears that the Trump administration wants a complete separation with China.

 

The two countries have been working to resolve their trade dispute, with the United States announcing a "phase 1" deal with China on trade matters and suspending a scheduled tariff hike for October.

 

"As long as we respect each other and seek equal cooperation, there are no disagreements that cannot be resolved between China and the United States," Le said.

 

"What China wants is to deliver a better life for the Chinese people. We don’t want to take anything from anyone else. There's no such thing as China replacing anyone or threatening anyone," he said.

 

China and the United States have accomplished much through cooperation over the years, Le said. "Why would we toss away the achievements of such cooperation?"

 

(Reporting by Ben Blanchard; Writing by Ryan Woo and Gabriel Crossley; Editing by Clarence Fernandez and Paul Tait)

 

-- © Copyright Reuters 2019-10-22

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[Srikcir]

4 hours ago, webfact said:

Beijing fears that the Trump administration wants a complete separation with China

I have yet to see an official Chinese source for this statement.

The term "decoupling" seems to have first appeared in Bloomberg (September 30, 2019):

https://www.reuters.com/article/us-usa-trade-china-limits/on-u-s-delisting-threat-china-says-decoupling-would-harm-both-sides-idUSKBN1WF0M5

• China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.
• White House trade adviser Peter Navarro on Monday dismissed the reports as “fake news.”

 

It seems the decoupling does not directly relate to the US trade war with China.

On the other hand, Philippine President Rodrigo Duterte has announced his country’s “separation” from the United States:

https://www.voanews.com/east-asia-pacific/duterte-announces-philippine-separation-us

• "In this venue, your honors, I announce my separation from the United States, both in military, not maybe social, but economics also,”
• "America has lost now.  I have realigned myself in your ideological flow, and maybe I will also go to Russia to talk to Putin and tell him that there are three of us against the world, China, Philippines and Russia. 

[Mavideol]

4 hours ago, webfact said:

"What China wants is to deliver a better life for the Chinese people. We don’t want to take anything from anyone else. There's no such thing as China replacing anyone or threatening anyone," he said.

just words nothing else.... actions speak louder than words

[zydeco]

18 minutes ago, Srikcir said:

It seems the decoupling does not directly relate to the US trade war with China.

On the other hand, Philippine President Rodrigo Duterte has announced his country’s “separation” from the United States:

https://www.voanews.com/east-asia-pacific/duterte-announces-philippine-separation-us

• "In this venue, your honors, I announce my separation from the United States, both in military, not maybe social, but economics also,”
• "America has lost now.  I have realigned myself in your ideological flow, and maybe I will also go to Russia to talk to Putin and tell him that there are three of us against the world, China, Philippines and Russia. 

Three year old story from October 20, 2016. Duterte's a nutjob. The only people he can relate to are Kim and Trump.

[quadperfect]

As a american i vote for decoupling from china .Let it end and lets recoup with thailand.

[tonbridgebrit]

Well, yes, progress can be made in the trade talks between America and China. What we need is the rioters in Hong Kong to stop their nonsense, and then, America and China can sign a massive trade deal.

Yes, a massive trade deal. And if a massive trade deal is not signed, then, it will cause the world's economy to crash. We're looking at a crash that will be just as bad as the "credit crunch" of 2008. The rioters in Hong Kong, they're holding planet earth to ransom. Washington cannot sign a massive trade deal with China, if the rioters in Hong Kong continue with their riots. Throwing Molotov cocktails and bricks at police stations and government buildings in Hong Kong.

Let's hope the rioters in Hong Kong will stop their riots.

 

[Tug]

It’s a sad day when I give the Chinese more credibility than the president of the United States guess you reap what you sow Donald the fruit of constant lies 

[chokrai]

2 hours ago, Tug said:

It’s a sad day when I give the Chinese more credibility than the president of the United States guess you reap what you sow Donald the fruit of constant lies 

Yup pretty sad alright.