China’s Xi wants trade talks with US by Turkey Day but is ready to ‘fight back’ if necessary
China’s Xi wants trade talks with US by Turkey Day but is ready to ‘fight back’ if necessary
Beijing has been trying to avoid a trade war with Washington and wants to hammer out an initial trade pact, Chinese President Xi Jinping said on Friday. He warned, however, that China is not afraid to retaliate when necessary.
“We want to work for a ‘phase one’ agreement on the basis of mutual respect and equality,” said Xi.
“When necessary, we will fight back, but we have been working actively to try not to have a trade war. We did not initiate this trade war and this is not something we want,” the Chinese leader said in response to questions from representatives of the New Economy Forum organized by Bloomberg in Beijing.
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