China confirms US invitation for trade talks | Ibotee

China confirms US invitation for trade talks

China has received an invitation from the United States to hold trade negotiations, the Ministry of Commerce said yesterday.
According to sina.com, the confirmation was made by the ministry’s spokesman Gao Feng at a press conference in Beijing, saying China welcomes the attitude and the two countries are in discussion about the details.
“Recently, the negotiation teams of the two sides have maintained contact in various forms and had exchanges on each other’s concerns,” Gao said, stressing that China believes an escalation of the trade conflict goes against everyone’s interests.
Chinese foreign ministry spokesman Geng Shuang said China welcomes the invitation and the two countries are discussing the details.
“China has always held that an escalation of the trade conflict is not in anyone’s interests. In fact, from last month’s preliminary talks in Washington, the two sides’ trade talk teams have maintained various forms of contact and held discussions on the concerns of each side,” he said.
Larry Kudlow, who heads the White House Economic Council, told Fox Business Network on Wednesday that US Treasury Secretary Steven Mnuchin had sent an invitation to senior Chinese officials, but he declined to provide further details.
“Secretary Mnuchin, who is the team leader with China, has apparently issued an invitation. Talking is better than not talking, so I regard this as a plus,” Kudlow said.
The last talks, between the mid-level US and Chinese officials on August 22 and 23 in Washington, ended without any agreement.

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