OREANDA-NEWS. China wants to work on the first phase of a US trade agreement based on mutual respect and equality of arms. This was announced on Friday by President Xi Jinping. "We want to work on the first stage of a trade deal with the United States on the principles of mutual respect and equality", said Xi Jinping, Reuters quoted him as saying with reference to representatives of the pool.

The chairman of the republic stressed that China did not initiate a trade war with the United States, but wasn't afraid of it and, if necessary, was ready to take countermeasures against Washington.

On Friday, Xi Jinping met with Managing Director of the International Monetary Fund, Kristalina Georgieva, at the Beijing People's House. According to the American media, citing representatives of the pool, after the meeting, the Chinese leader answered questions from participants in the New Economy Forum, which is being held in Beijing on November 21-22 at the initiative of the former mayor of New York, billionaire Michael Bloomberg.