Possible Good News for China Trade Talks

by Marilou Moursund on June 12, 2019

in Foreign Markets,free trade,Geopolitical

The New York Times is reporting that China has been beefing up its trade negotiations team. This could indicate that they are more willing to work with the U.S. to come up with a compromise trade deal. From the linked article:

BEIJING — Two weeks before talks between the United States and China broke down, Beijing quietly called one of its most formidable trade negotiators out of a pre-retirement posting.

The negotiator, Yu Jianhua, a 28-year veteran of trade talks with American officials and at the World Trade Organization, returned to Beijing in mid-April from his position as China’s ambassador to the United Nations’ offices in Geneva. With his appointment, the Chinese government began to address an experience gap that could be holding it back as it tries to resolve a potentially devastating trade war with the Trump administration.

It is unclear how or whether a previous lack of trade-policy experience on China’s negotiating team contributed to the breakdown in negotiations last month. American officials walked away from the talks after their Chinese counterparts deleted page after page of provisions from a draft pact. The approval for such an assertive move almost certainly would have come directly from President Xi Jinping, the country’s top leader.

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