Both China and the United States must be willing to compromise if they are to reach a deal when presidents Xi Jinping and Donald Trump meet at the G-20 Summit this week, a Chinese trade official has said. Vice-Minister for Commerce Wang Shouwen said at a news briefing yesterday that trade teams from both sides are in talks. He did not elaborate, but stressed that China negotiates on the basis of mutual respect, equality and mutual benefit. “An agreement reached has to be beneficial for both sides, and meeting each other halfway means both sides must be willing to compromise – not just one side giving way,” said Mr Wang, who is part of China’s negotiating team. He declined to answer a question on what specific compromises Mr Xi is willing to make to reach a deal with Mr Trump. But he said the question of US sanctions on Chinese companies such as technology giant Huawei had to be addressed. Last Friday, the US Commerce Department added five more Chinese firms, involved in supercomputing, to a national security “entity list”, effectively cutting off their access to US technology and components. Talks to reach a trade agreement between the two countries… Read full this story
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