China and the US are holding vice ministerial trade negotiation in Beijing today. Chinese Foreign Ministry spokesman Lu Kang said that “From the beginning we have believed that China-U.S. trade friction is not a positive situation for either country or the world economy. China has the good faith, on the basis of mutual respect and equality, to resolve the bilateral trade frictions.”
Lu added, “As for whether the Chinese economy is good or not, I have already explained this. China’s development has ample tenacity and huge potential”. And, “We have firm confidence in the strong long-term fundamentals of the Chinese economy.”
Trump said on Sunday that “I think China wants to get it resolved. Their economy’s not doing well… “I think that gives them a great incentive to negotiate.”
