Long Yongtu, the former vice minister of foreign trade, is criticizing China's approach to the US trade war. Reuters
Business Insider: 'We will never have a deal': China's former top trade negotiator warns Beijing is hurting itself in Trump tariff battle
* China's former chief trade negotiator has hit out at Beijing over its approach to the US trade war, saying it's not thinking "deeply enough" about it.
* "If we have people who always talk about politics engaging in negotiations, we will never have a deal," Long Yongtu said on Sunday.
* Long's comments come as tensions between the two nations appear to have thawed somewhat ahead of an expected meeting between the countries' presidents in Buenos Aires, Argentina, later this month.
China's former chief trade negotiator has hit out at his country's handling of rising trade tensions with the US, saying that Beijing is failing to think "deeply enough" about its approach to the conflict.
Speaking on Sunday, Long Yongtu, a former minister in China's foreign trade department, told a conference that China had been too politically driven in talks so far and should take a more pragmatic approach focused on the economic realities of the trade war.
"If we have people who always talk about politics engaging in negotiations, we will never have a deal," he said at the annual conference of the media outlet Caixin, according to a report from the South China Morning Post.
"We don't think deeply enough," he added.
Read more ....
Update #1: China’s former chief trade negotiator criticises Beijing’s ‘unwise’ tactics in US tariff war (SCMP)
Update #2: China's former trade negotiator questions tariff strategy (AFP)
WNU Editor: Criticisms of China trade war strategy is also coming from other sources .... To end the trade war, ‘China must deliver on its promises to reform and open up’ (SCMP). There is also growing expectations that a deal may be resolved when President Trump meets Chinese President Xi at the G20 .... After US-China clash at APEC, all eyes shift to the Trump-Xi meeting in Argentina (CNBC). As for President Trump, he made some comments on Monday (see below):
2 comments:
Good that they finally seem to understand. Because Trump and the west in general won't give up and we have had enough of these thieves living off our backs
I think it's too soon to deal. Too many issues need resolved and I think China would not deal evenly.
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