China Press: China will not 'surrender' to US demands in trade talks

Dhwani Mehta FXStreet

China’s state-run newspaper, China Daily, cited in an editorial on Friday, China will not give into the US demands in any trade negotiations.

Key Quotes (via Reuters):

While China was “serious” about resolving the stand-off through talks, it would not be rolled over, despite concerns over a slowing economy and a falling stock market at home.

“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged.”

On Thursday, Chinese officials welcomed an invitation from Washington for a new round of trade talks scheduled next week.

However, the US President Trump tweeted later on that “ee are under no pressure to make a deal with China, they are under pressure to make a deal with us. Our markets are surging, theirs are collapsing.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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