BEIJING/WASHINGTON (Reuters) – a Surprised and disturbed by the AMERICAN “black list” of Chinese companies, China has reduced its expectations for a significant advance of this week’s trade is with the United States, and Chinese officials told Reuters, even as President Donald Trump on Wednesday expressed fresh optimism.
While in Beijing, theoretically, would put an end to the trade war, the Chinese Communist y and government officials are not very optimistic about the size or the scope of the agreement with Washington and in the short period of time, Chinese officials said.
Top-of-the-AMERICAN-and-Chinese trade and economic officials meeting in Washington on Thursday and Friday to try to end a 15-month-old trade of war, and that is the slowing down of the global economy, and it threatens to upend the decades-old trade systems. The Chinese Vice-Minister Liu He, U.S. Trade Representative Robert Lighthizer, and the Minister of finance, Steven Mnuchin, are due to take part in it.
No significant progress has been made, He was set to walk at the rate of $250 billion of Chinese goods up to 30% from 25% in the following week, on Tuesday.
Speaking to reporters in Washington, d.c., He said: “If we are to be able to make a deal, we’re going to make a deal, there’s a good chance.”
“In my opinion, China wants to make it a lot more than I do,” He added.
On the basis of the current situation, there is a possibility that this week’s talks between the world’s two largest economies, would have ended in a stalemate, according to a Chinese government official was informed about the preparations for the talks, who spoke on condition of anonymity. Asked about the likelihood of reaching an agreement, the official said, “This is not an easy task. It takes a lot of preparation and a consensus on both sides.”
Up for trade or overall relations between the two countries, and to improve, over time, Chinese officials said.
As with the previous, lower-level talks between U.S. and Chinese officials, focused on the creation of a proper atmosphere for the upcoming meeting of the AMERICAN “black list” of the 28 Chinese companies, has led to a downturn in its place, Chinese officials said.
The U.S. Department of Commerce, on Monday, on the “black list” of the video-surveillance company, Hikvision, and 27 others, in the days before the talks. The us Department of Commerce, will be excluded from the technology and artificial-intelligence companies to do business with AMERICAN companies, indicating the violation of the rights of the Muslim minority in Xinjiang. Chinese officials said the action interfered with China’s sovereignty.”
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The two sides should not escalate the conflict, and they are floating apart from each other, said a second Beijing-based Chinese official briefed about the talks this week.
The trade talks come in the wake of the tit-for-tat bans on certain visa requirements for each of the other officers, and a controversy sparked by a Twitter post by an executive with the National Basketball Association’s Houston Rockets and the support of the anti-government-protests-in-Hong-Kong.
“We have the Diplomatic war to the Financial war, Currency war and the Technology of war, which is what we already have,” John Frank, a managing director in the real estate business, BANDS, Financial in Shanghai, said in a note to investors.
While there are a large number of high-level Chinese officials to travel to Washington, “in my jaded perception, and it looks like there is less than a delegation, rather, a funeral procession,” Browning wrote.
The US is demanding that the Chinese Communist y is a fundamental change in the way he refers to China’s giant economy to move towards a more Western model of free-market capitalism is irrational, and, I, as a Chinese diplomat in the United States, it said.
“What we’ve done in the past few decades shows that our system is good for the development of China,” the official said, speaking on condition of anonymity.
China could ask the United States to make the transition to an economy that is heavily dependent on state-owned enterprises, or ask for it to begin with, full financing of the education system, as China does, ” he said, so why should Washington expect the same in Beijing?
“We are hoping that We will have a contract, but also to accept the differences between people,” the diplomat added.
The western governments’ treatment of China in the past, including a welcome to the country through multilateral organisations such as the World Trade Organization, and is based on the assumption that, in the end, this could lead to a Beijing-liberalization and the gradual adoption of democratic norms and values.
Washington is expected to be on the new demands for Beijing to protect AMERICAN intellectual property this week, but the two parties have very different views on the subject as well.
FILE PHOTO: the Flags of the united states and China have been displayed at the American International Chamber of Commerce (AICC)’s booth at the China International Fair for Trade in Services in Beijing, China, on May 28, 2019 at the latest. REUTERS/Jason Lee
Chinese officials argue that China will not steal intellectual property, in the past, say, the Western companies gave it willingly and reaped the benefits of it.
“A lot of decisions that have been made on the basis of an entrepreneurial partnership” with the US on the basis of the Chinese official said, adding that they have benefited from foreign firms.
For example, for each $1,000 of the iPhone, with China’s share of production was only $70, the official said.
Reporting by Ryan Woo, Jing Xu, Echo to Her, Shivani Singh, Writing by Heather Timmons and David Lawder; Editing by Sandra Maler and Peter Cooney