China says trade talks with the U.S. are 'moving forward' after nine rounds of consultations aimed at ending a standoff that has shaken the world economic outlook.
BEIJING — China said Thursday that trade talks with the U.S. are “moving forward” after nine rounds of consultations aimed at ending a standoff that has shaken the world economic outlook.
“We also feel that the consultation is moving forward. We hope that the two sides can continue to work together to properly address each other’s concerns on the basis of mutual respect, equality and mutual benefit,” Lu said. The three days of talks in Washington last week dealt with issues including technology transfer, intellectual property rights protection, non-tariff measures, agriculture and enforcement of agreements.
The dispute centers on the Trump administration’s allegations that China steals technology and coerces U.S. companies to hand over trade secrets — all part of Beijing’s zeal to overtake U.S. technological dominance. To pressure China, the United States has imposed tariffs on $250 billion in Chinese goods. The Chinese have counterpunched by taxing $110 billion in U.S. imports.
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