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MNI POLICY: China Unaware Of A Planned Visit By US Negotiators

MNI (London)
By Iris Ouyang
     BEIJING (MNI) - China's Ministry of Commerce said Thursday the country is
not aware of any specific U.S. plans to send trade negotiators to Beijing for
further talks.
     Here are some highlights from the weekly MOFCOM press briefing:
     --"China isn't aware of any U.S. plan to come to China for negotiations,"
said MOFCOM spokesperson Gao Feng.
     --Gao stressed China will "have to react" if the U.S. insists on escalating
the trade dispute. He added Beijing was against and would withstand U.S attempts
to bully China into a position.
     --Three Chinese concerns need to be resolved for a trade deal to be agreed,
Gao said; removal of all existing tariffs on China; expected purchases of U.S
goods by China must be reasonable and; the text of any deal must be balanced,
maintaining China's dignity.
     --The impact from any escalating trade conflict with the U.S. is
controllable, Gao said, noting that China's policies to stabilize the economy
have taken effect, with further measures to be implemented. Beijing is also
watching the domestic inflation rate, and will take necessary measures when
needed, Gao said.
     --China has enough macro tools to tackle the negative impacts of an
escalating trade spat with the U.S, Gao said, noting China's "economic outlook
is very bright."
     --Gao hit back at Washington's decision to ban Huawei Technologies Co Ltd
from acquiring components and technology before receiving government approval,
saying Beijing is firmly against any country imposing unilateral sanctions on
China and Chinese companies based on domestic law. China is against action to
abuse and expand the concept of national security, he added. 
     --Gao denied China will impose increased restrictions on American
companies, adding that measures will be taken to create transparent and
consistent business environment for foreign companies in China. He hoped other
countries would respect market-based rules for Chinese firms.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$U$$$,MC$$$$,MI$$$$,MGQ$$$,MGU$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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