China says US can not press for trade deal



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Beijing – The United States can not exert pressure to impose a trade agreement on China, a senior Chinese official and trade negotiator said Sunday in a statement refusing to indicate whether the leaders of the two countries would meet in Beijing. G20 summit to agree.

Trade tensions rose sharply in May, after the administration of US President Donald Trump accused China of "reneging on" its previous promises of structural changes to its economic practices.

Washington then imposed additional tariffs of up to 25 percent on $ 200 billion worth of Chinese goods, prompting Beijing to retaliate.

At a press conference, Chinese Vice Minister of Commerce, Wang Shouwen, said it was irresponsible for the United States to accuse China of backing down.

"If the United States wants to exert extreme pressure, intensify trade tensions, compel China to submit and make concessions, this is absolutely impossible," said Wang, who was part of the negotiating team of the United States. China.

Turning to English, he said: "Nothing is agreed until everything is agreed. During the consultations, China overcame many difficulties and presented pragmatic solutions. However, the United States has backed off and when given an inch, they want a canopy, "he said.

Wang said that the US had made "unreasonably high" demands and insisted on adding "China's sovereign rights claims" in the agreement with the countries. Rising tariffs exacerbated tensions and frustrated negotiations, he said.

Chinese Defense Minister Wei Fenghe echoed his remarks Sunday at a defense forum in Singapore.

"If the United States wants to talk, we will keep the door open. If they want to fight, we will fight to the end, "Wei said.

Trump announced that he would meet with President Xi Jinping at the G-20 summit in Osaka at the end of June, although China has not confirmed the meeting.

When asked if Xi would meet Trump in Japan, Wang said, "I do not have any information about it."

During the presentation of the government's new policy document on the trade war, Wang said the US authorities overestimate the trade deficit between the two countries and that China should not be held responsible for the decline in jobs in the sector. American manufacturer.

The US deficit in goods and services with China is closer to $ 150 billion and not the $ 410 billion cited by US authorities, he said, adding that China's trade in processing with United States should not be included in the calculation of the deficit.

Washington's fault

The white paper cites three cases of US backtracking on their commitments, adding that Washington was responsible for the failures of the negotiations.

China had enough fiscal and monetary policy tools and "good momentum" to support economic development despite the trade war. Data from last week showed that the activity of Chinese factories had declined in May at a faster pace than expected.

He followed the unclear data in China's retail, export and construction sectors, suggesting that Beijing may need more stimulus to support the economy.

Wang also rejected claims that Beijing would direct domestic firms to acquisitions and investments abroad.

"The Chinese government is not involved in the specific business behavior of companies and will not ask companies to invest in a project or buy a technology," he said.

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