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Chinese state media says any U.S.-China trade agreement must involve 'give and take'

Chinese state media says any U.S.-China trade agreement must involve 'give and take'
FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas/File Photo   -   Copyright  YURI GRIPAS(Reuters)
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SHANGHAI (Reuters) – China is keen to put an end to its trade dispute with the United States but will not make any “unreasonable concessions” and any agreement must involve compromise on both sides, state newspaper the China Daily said on Wednesday.

U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce in a trade war that has roiled global financial markets.

The trade discussions, which began in Monday, are continuing into Wednesday for an unscheduled third day.

The China Daily said in an editorial Beijing’s stance remains firm that the dispute harms both countries and disrupts the international trade order and supply chains.

“However, it has also made it clear that it will not seek a solution to the trade frictions by making unreasonable concessions, and any agreement has to involve give and take from both sides,” it said.

Trump and other U.S. officials have said the talks were going well and there have been signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets.

However, people familiar with the talks said the world’s two largest economies were further apart on Chinese structural reforms that the Trump administration is demanding in order to stop alleged theft and forced transfer of U.S. technology and on how to hold Beijing to its promises.

(Reporting by Brenda Goh; Editing by Paul Tait)

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