Ahead of the top-level US-China trade negotiations today, Chinese officials appeared to be toning down expectations. According to a Reuters report, the Chinese government is not optimistic on any agreement out of the meetings in Washington today and tomorrow. The talks could just end up in a deadlock. Also, more time is needed to improve the overall ties between the two countries.
The mood turned sour this week after US Commerce Department blacklisted 27 Chinese entities and imposed some visa restrictions for abuse of human rights in Xinjiang. Meanwhile, it’s reported that China is insisting on not addressing the core issues including intellectual property theft, forced technology transfer, subsidies on state-owned enterprises and enforcement of the agreement. Instead, they aiming at a partial deal which the US is not after.
