China prefers no escalation in Sino-U.S. ties during negotiations

With a bulging trade surplus with the U.S., China has potentially much to lose if the trade conflict escalates into a trade war. Furthermore, since its military might is dependent on a booming economy, its efforts at maintaining a calm demeanour makes perfect sense in this light.

On Thursday. China’s commerce ministry stated, Beijing prefers not to see an escalation in Sino-U.S. trade ties and expressed hopes that both sides could minimize conflicts during the period of negotiations.

Feeling the pain of U.S. action, China also stated, it hope to see U.S. action on Chinese technology company which saw a fall in market share and job losses on account of the company’s smartphone being banned in the United States for the next 5 years.

As a form of concession, last Sunday U.S. President Donald Trump had pledged to help ZTE Corp “get back into business, fast”. His comments had come ahead of this week’s talks.

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Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

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