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Free AccessMNI INTERVIEW:US May Send Officials To China For Talks:Advisor
By Wanxia Lin
BEIJING(MNI) - The U.S. could send officials to China for talks in a bid
toclinch a phase-one preliminary trade deal by the end of the year, a
senioradvisor to China's cabinet told MNI, adding that the main issue to be
resolvedwas whether the U.S. would roll back tariffs.
"Other issues are almost settled," Wang Huiyao, the founder and presidentof
the Center for China and Globalization in Beijing, said in an interview
onWednesday.
"We are now waiting for Trump to decide whether some tariffs will
beremoved," he said. The tariff reduction would have to be proportionate to
thescope of the agreement, he said, without providing further details.
"The final key is in Trump's hand. Faced with impeachment and the
election,he's eager to keep his election promise, and so he wants a deal," Wang
said,adding that officials from the two countries would try to reach agreement
by theend of the year.
"It is possible the Americans will come to China, to sign the deal,
orsettle some final issues," he said, speaking on the sidelines of the 2019
ChinaPublic Diplomacy Forum held by the National Academy of Development and
Strategy.
"Signing the deal is in the interest of both countries, and the world
ishoping for deal by around Christmas," Wang said.
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$,MX$$$$,MGQ$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.