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Trade Negotiations: China Calls on US to Respect Its Right to Develop and Prosper

BEIJING – The world’s two largest economies began their last round of trade talks this week to resolve a bitter dispute in which each has levied tariffs on imports from each other, Reuters reported on Wednesday.
The United States must respect China’s right to develop and flourish, said the top Chinese diplomat to a visiting US delegation, recalling that the country’s doors to the outside world would open wider.
The world’s two largest economies have entered their last round of trade talks this week to resolve a bitter dispute in which each of them has levied tariffs on imports from each other.
The United States has accused China of unfair trade practices, including forced technology transfers, which China has denied.
Respect and cooperation are the right choice for both countries, something the international community hopes to see, State Councilor Wang Yi told the delegation of US business leaders and former officials in Beijing on February 19.
“Just like the United States, China is also entitled to development, and the Chinese people also have the right to lead a pleasant life,” Foreign Ministry told Paraphras Wang in a statement issued on February 19.
“The United States should recognize that China’s development is in the interest of the world, as well as that of the United States.”
“It is only by considering the development of China as an opportunity for the United States,” Wang said. said.
China’s reform and the steps to open up are in line with the needs of its development and its doors will open more and more to the outside world, he added, recalling the previous promises of the government.
“As long as China and the United States meet pro actively halfway, trade and economic cooperation can always play a role of ballast in Sino-US relations,” he said.
The US delegation included Stephen Hadley, former National Security Advisor, Executive Vice President of the US Chamber of Commerce Myron Brilliant, and President of the China Center of the American Chamber of Commerce Jeremie Waterman.
On February 19, President Donald Trump said the trade talks with China were going well and hinted that he was willing to postpone the March 1 deadline to complete negotiations, saying what it was not a “magic” date.
If the partners do not settle their trade dispute, China’s tariffs on Chinese imports of $ 200 billion are expected to fall from 10% to 25% on March 1st, but Trump has repeatedly suggested that he would be willing to postpone the deadline.
(Sahar News Monitoring Desk)

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