Trump ‘misleading’ people linking trade deal: China | 2019-07-17

Trump ‘misleading’ people linking trade deal: China

17 July, 2019 12:00 AM printer

BEIJING: China on Tuesday rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was "totally misleading" and that both countries wanted an agreement.

Trump, in a Monday tweet, seized on slowing economic growth in China as evidence that US tariffs were having "a major effect" and warned that Washington could pile on more pressure, report agencies.

Official data on Monday showed China's economic growth cooled to 6.2 per cent in the second quarter, the weakest annual pace in at least 27 years, amid trade pressure from the United States. In the first half, the economy grew 6.3 per cent compared with a year earlier.

Chinese Foreign Ministry spokesman Geng Shuang said China's first-half pace was a "not bad performance" considering global economic uncertainty and slowing world growth, and in line with outside expectations.

China's stable growth is good for the world and also the US economy, Geng told a daily news briefing.

"As for United States' so-called 'because China's economy is slowing so China urgently hopes to reach an agreement with the US side', this is totally misleading," he added.

"Reaching a trade and economic agreement is absolutely not a one-sided desire of China's. The US side also has this desire."

Many people in the United States strongly oppose the tariffs and the trade war, Geng said.

"I again call on the US side to work hard with China, meet each other halfway, and on the basis of mutual respect and treatment, strive to reach a mutually beneficial, win-win agreement. This accords with the interests of both countries and is what the international community expects."

Trump and Chinese President Xi Jinping last month agreed to another truce in the year-long trade spat between the world's two largest economies.


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