China says hopes it can reach trade agreement with U.S. as soon as possible

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China says hopes it can reach trade agreement with U.S. as soon as possible
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Beijing hopes that it can reach a trade agreement with the United States that sa...

FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song

BEIJING - Beijing hopes that it can reach a trade agreement with the United States that satisfies both sides as soon as possible, China’s Assistant Commerce Minister Ren Hongbin said on Monday.China and the United States are negotiating a so-called “phase one” deal aimed at de-escalating the prolonged trade dispute, but it is unclear whether such an agreement can be reached in the near term.

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