China’s top diplomat Wang: China, US have 'wisdom' to resolve trade dispute

The Chinese government’s top diplomat, State Councilor Wang Yi, was reported by Reuters earlier today, as saying that China and the US both have the “ability and wisdom” to reach a trade deal that is in the interest of both the economies.

Additional Comments (via Reuters):

The talks had made important and substantive progress, as well as facing problems.

While noting that “buckpassing” and pressure were counterproductive and would only invite retaliation, Wang added that there was still hope to resolve the issue in a friendly way.

“We believe that as long as these negotiations are in line with China’s general direction of reform and opening up, in line with China’s fundamental need for high-quality development, and in line with the common and long-term interests of the Chinese and American peoples, both countries’ negotiating teams have the ability and wisdom to resolve each other’s reasonable demands, and in the end reach a mutually beneficial, win-win agreement.”

His comments come after the US President Trump said that he feels the trade talks with China will be successful.