An aide to Xi Jinping said China was open to negotiations on US trade relations

China is still open to talks with the United States to reduce the raging trade war, said one of President Xi Jinping's key aides, while the investments Chinese real estate in the United States fell sharply.

Vice President Wang Qishan, the man who is widely believed to be behind Xi's economic reforms, however, said that his country would no longer be "the victim of". "intimidation" or badbadination by foreign powers.

Wang's opinion at an economic forum in Singapore intervenes amidst all indications that US real estate investments in Hong Kong and the mainland have fallen to $ 4.42 billion during the first ten months of the year, compared with $ 6.81 billion the year before.

Analysts attribute this fall to the uncertain business climate resulting from the continuing trade war between Beijing and Washington. They warn that it is difficult to predict the long-term consequences of a persistent trade war.

Chinese inquiries about US goods also fell by 11.4 percent, up from 8.2 percent in the first half, according to a Chinese website. 19659003] Meanwhile, S & P Global Market Intelligence reports a slowdown in the US real estate market as new and existing home sales decline in September. In September, sales of new single-detached homes fell 5.5% year-over-year and 13.2% year-on-year.

In his speech in Singapore, Wang said that trade was still "the anchor and propeller of Sino-US relations". warned the United States against "right-wing populism" and "unilateralism," thought to be a response to the nationalist rhetoric of US President Donald Trump.

"The Chinese side is ready for talks with the United States on issues of mutual interest and for the one acceptable solution for both," Wang said. "China will remain calm and sober and will seek greater openness for mutual benefits and a win-win outcome."

"We face the challenge of rising populism and unilateralism," Wang said. "Such changes have divided countries and societies.The polarization towards right-leaning polarization manifests itself in political demands, which have led to unilateral policies against globalization and affecting the global political ecosystem."

Wang's statements are important, even going as far as Xi's commitment to the opening of Shanghai's trade exhibition to open the country's markets.

Xi and Wang's remarks would be significant in the context of the general climate of uncertainty among global investors, who were frightened by the trade war. 19659003] Trump said that he could soon have trade talks with China and asked cabinet officials to clarify the terms of any agreement. Chinese officials have not indicated that they are ready to respond to key US demands. Forced transfer of technology and support to public enterprises are among the main disputes.