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Business News/ News / World/  China says won’t submit to US threats as trade talks begin
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China says won’t submit to US threats as trade talks begin

Liu He, the top economic adviser to President Xi Jinping, will lead the delegation meeting Thursday and Friday with US officials, including treasury secretary Steven Mnuchin

Tensions between US and China have been rising as the US banned sales of crucial American technology to ZTE and is said to be probing Huawei Technologies. Photo: ReutersPremium
Tensions between US and China have been rising as the US banned sales of crucial American technology to ZTE and is said to be probing Huawei Technologies. Photo: Reuters

Beijing: China won’t succumb to “threats" from the US, a senior government official said, hours before talks are set to begin Thursday with a delegation of the Donald Trump administration’s top trade policy officials.

The official said the government won’t accept any US preconditions for negotiations such as abandoning its long-term advanced manufacturing ambitions or narrowing the trade gap by $100 billion, said the official, who asked not to be named, citing protocol.

The US delegation arrives in Beijing Thursday morning and will meet Chinese officials later in the day and at a dinner, according to details provided by the State Department. Further talks are planned for Friday before the officials depart Beijing in the evening. No details of any planned press conferences were given.

Read more: The drums of a US-China trade war

Trump administration officials this week have already lowered expectations for a breakthrough, saying the trip could be cut short if it’s not satisfactory and that President Donald Trump will have the final say on accepting any deals.

China’s unique political system and centralized leadership mean that it will have more endurance should a trade war break out, the official said. China won’t compromise on its core interests, and is prepared for all possible outcomes of the meeting, the official said.

Vice premier Liu He, the top economic adviser to President Xi Jinping, will lead the delegation meeting Thursday and Friday with US treasury secretary Steven Mnuchin, commerce secretary Wilbur Ross, trade representative Robert Lighthizer and White House advisers Larry Kudlow and Peter Navarro.

Tensions between the two biggest economies have been rising as the US banned sales of crucial American technology to telecommunications-gear maker ZTE Corp. and is said to be probing Huawei Technologies Co., China’s largest mobile and telecommunications company.

Xi said Wednesday China must firmly control major technologies and rely on domestic innovation, echoing comments from days earlier when he used a visit to a semiconductor company in Wuhan to say the industry must make major breakthroughs.

The official Xinhua News Agency said in a commentary Wednesday that the US should show sincerity in trade talks instead of making unreasonable demands. China will take retaliatory steps of the same intensity if the US puts tariffs on its goods after the talks, Xinhua said. Bloomberg

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Published: 03 May 2018, 09:44 AM IST
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