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.”
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