07.02.2020, 07:00
Xi Jinping: China Will Resolve Trade Differences with the US on an Equal Footing
Source: OREANDA-NEWS
OREANDA-NEWS. The Chinese leadership intends to resolve trade and economic differences with the United States on an equal footing. This was announced during a telephone conversation with US President Donald Trump on Friday by President Xi Jinping.
"Even despite the fact that there are contradictions between our countries, we need to act on an equal footing, respecting each other. And then we can find mutually acceptable ways to solve problems through dialogue", Xinhua News Agency quotes Xin Jinping.
The President of China expressed hope that the American side will show solidarity with Beijing and will act in accordance with the agreements reached at the highest level. He also emphasized that the first-phase trade agreement concluded between China and the United States is beneficial both to Beijing and Washington, and to the whole world.
The signing ceremony for the first phase of the US-China trade deal took place on January 15 in Washington. The President of the United States Donald Trump and Vice Premier of the State Council of the PRC Liu He put their signatures on the document. China, in particular, agreed to increase purchases of US products by $ 76.7 billion during the first year and by $ 123.3 billion during the second year of the agreement. This isn't only about agricultural products, but also about other American products. According to Trump, the deal will reduce the trade deficit.
"Even despite the fact that there are contradictions between our countries, we need to act on an equal footing, respecting each other. And then we can find mutually acceptable ways to solve problems through dialogue", Xinhua News Agency quotes Xin Jinping.
The President of China expressed hope that the American side will show solidarity with Beijing and will act in accordance with the agreements reached at the highest level. He also emphasized that the first-phase trade agreement concluded between China and the United States is beneficial both to Beijing and Washington, and to the whole world.
The signing ceremony for the first phase of the US-China trade deal took place on January 15 in Washington. The President of the United States Donald Trump and Vice Premier of the State Council of the PRC Liu He put their signatures on the document. China, in particular, agreed to increase purchases of US products by $ 76.7 billion during the first year and by $ 123.3 billion during the second year of the agreement. This isn't only about agricultural products, but also about other American products. According to Trump, the deal will reduce the trade deficit.
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