Representatives from China and the United States have agreed to continue current discussions on bilateral trade in Beijing, Caixin Global reports, following the visit of President Xi’s leading economic advisor Liu He to Washington last week.
The meeting was announced yesterday by Zhang Yesui, spokesman for China’s legislature and former ambassador to the U.S., with no details regarding dates or attendees provided.
In the announcement Zhang said that given its total value of $580 billion, bilateral trade between the U.S. and China will inevitable experience friction but highlighted how a trade war with between the two countries is not China’s intention.
Nevertheless, Zhang added that China is ready and willing to retaliate should trade tensions continue to rise as a result of U.S. actions. “We’re by no means going to sit idle if Chinese interests are harmed,” he said.