The Chinese Commerce Ministry said on Thursday that the United States needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions. In an interview on Fox News, Cui Tiankai said China remains ready to continue talks with American colleagues to reach a conclusion, assuring the USA that their door is still open.
Cui turned the tables and said it was United States negotiators that had abruptly backed away from some previous deals that had been tentatively agreed over the past year. "Our door is tranquil originate", Cui said. "It's quite clear it is the USA side that a few times changed its mind overnight and broke the tentative deal already reached".
In a response to recent USA actions, Gao, the Ministry of Commerce spokesman, said China urges the United States to end "long-arm jurisdiction", correct its erroneous practices and create conditions for companies from the two countries to carry out trade cooperation and avoid further confrontation.
U.S. President Donald Trump said on Thursday that it's possible to include Huawei in some part of the trade deal with China.
Yu Miaojie, deputy dean of the National School of Development at Peking University, said China has sufficient tools to address the impact from trade disputes with the US.
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This year's forum comes after a tense couple of weeks in which the US raised tariffs on Chinese imports and blacklisted Huawei.
China has blamed the United States for frequently changing its mind and called for an end US-China trade disputes.
The increase in commercial inventories came on the back of planned sales of US strategic petroleum reserves (SPR) into the commercial market. "About one-third of companies said they were increasingly focusing their China operations on producing for Chinese customers and not for export, while another one-third said they were delaying and cancelling investment decisions".
The United States is seeking sweeping changes to China's trade and economic policies, including an end to forced technology transfers and theft of U.S. trade secrets. "Such actions will really undermine people's confidence in the normal function of the market", Tiankai told Fox.