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China, US must both take action to end trade war, make progress, Chinese state media says
- Dispute has already affected global economy and ‘must not be allowed to escalate’, Communist Party mouthpiece People’s Daily says in commentary
- By going to Washington for latest talks, China is showing it is willing to cooperate to find a solution, CCTV says
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China and the United States should both take steps to resolve their year-long tariff war, the impact of which has been felt around the world, Chinese state media said on Friday, as top negotiators from the two sides prepare for their latest round of talks.
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“Continuing the war will only lead to a lose-lose situation. Negotiation is the only way to resolve the problem,” the Communist Party mouthpiece People’s Daily said in a commentary.
“The problem between China and the United States cannot and should not be allowed to escalate,” it said.
“Both sides should take actions and make efforts to prepare for the talks, and create favourable conditions for making substantive progress.”
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The commerce ministry in Beijing said on Thursday that a Chinese delegation would travel to Washington early next month for face-to-face talks with their US counterparts.
The announcement came after China’s Vice-Premier Liu He spoke to US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin on the telephone – their first such conversation since August 13.
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