Unlike the Chinese public, who pay more attention to Chapter 4 “Financial Services” of the agreement, foreign elites are more concerned about Chapter 6 – “Expanding Trade”.
Chinese Vice-Premier Liu He arrives in Washington until tomorrow.
With China’s Commerce Ministry confirming that Vice-Premier Liu He will lead a delegation to Washington this week to sign the gestated trade deal with the United States, there is optimism that the trade tensions between the world’s two largest economies will now be less acute.
United States and China agree on a “phase-one” economic and trade deal.
The US-China trade deal is “remarkable” in scope but it won’t solve all the problems.
Trump and Xi Jinping insist they would resist pressure to give ground on a trade deal.
China says it is still striving to reach a trade deal with the United States.
Mnuchin hopes that US and China to finalise a deal with two more rounds of talks.
A group of US officials led by US Deputy Trade Representative Jeffrey Gerrish are due in Beijing Monday and Tuesday for negotiations with the Chinese side.