/CHINA: Comparison Of USTR & MOFCOM Trade Call Readouts

A quick side-by-side of the statements from the USTR and China's MOFCOM re: the phone call to discuss the implementation of the phase 1 Sino-U.S. trade deal:

• USTR: Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China's Vice Premier Liu Hu to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer. The parties also discussed the significant increases in purchases of U.S. products by China as well as future actions needed to implement the agreement. Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement.

• MOFCOM (via Xinhua): On the morning of August 25th, Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and the Chinese leader of the China-US Comprehensive Economic Dialogue, talked with US Trade Representative Lighthizer and Secretary of the Treasury Mnuchin at an appointment. The two sides had a constructive dialogue on strengthening the coordination of the macroeconomic policies of the two countries and the implementation of the first phase of the Sino-US economic and trade agreement. Both sides agreed to create conditions and atmosphere to continue to promote the implementation of the first phase of the China-US economic and trade agreement.