China Press: China will not 'surrender' to US demands in trade talks
Friday, 14 September 2018 China’s state-run newspaper, China Daily, cited in an editorial on Friday, China will not give into the US demands in any trade negotiations.
*Key Quotes (via Reuters)*:
While China was “serious” about resolving the stand-off through talks, it would not be rolled over, despite concerns over a slowing economy and a falling stock market at home.
“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged.”
On Thursday, Chinese officials welcomed an invitation from Washington for a new round of trade talks scheduled next week.
However, the US President Trump tweeted later on that “ee are under no pressure to make a deal with China, they are under pressure to make a deal with us. Our markets are surging, theirs are collapsing.”
China said on Thursday it welcomed an invitation by the United States to hold a new round of talks, as Washington prepares to escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. As Sonia Legg report, markets also welcomed the news.
According to Reuters, U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China.
The Dow Jones..
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