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China, US made ‘concrete progress’ towards trade war deal in Washington, Vice-Premier Liu He says

  • Two sides built a strong foundation for signing of a phased agreement, top negotiator says in first public comments
  • Beijing will continue to work with Washington on basis of ‘equality and mutual respect’, he says

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US President Donald Trump said during his meeting with Chinese Vice-Premier Liu He that the two sides had reached a “substantial phase one deal”. Photo: Bloomberg
Wendy Wuin BeijingandTeddy Ngin Hong Kong
China and the United States made “concrete progress” in many areas during their latest round of talks to resolve the trade war, but negotiations must be on an equal basis, Chinese Vice-Premier Liu He said on Saturday.
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In his first public comments about the talks in Washington which ended on October 11, Liu said the two sides had built an important foundation for the signing of a “phased deal”.

China would work with the US on the basis of “equality and mutual respect” to address each other’s core concerns, he said, adding that preventing an escalation of the trade war would be good for both nations and the world as a whole.

“The two sides have made substantial progress in many fields, laying an important foundation for the signing of a phased agreement,” he said at a virtual reality conference in Nanchang, in eastern China’s Jiangxi province.

“China will work with the United States on the basis of equal and mutual respect to address each other’s core concerns.”

Liu is China’s lead negotiator in the talks and met US President Donald Trump at the White House last week. During their meeting, Trump said the two sides had reached a “substantial phase one deal”.
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