Zhang Xiaoqiang, vice上海419论坛of the Beijing-based Ch

ina Center for International Economic Exchanges, said the US keeps a

rguing that it needs a better deal, but so does China. Therefore, they need to aim at reach上海419论坛品茶微信

ing a fair agreement in the next round of negotiations that can help with the economic growth of both countries.

上海419论坛”There will never be an agreement where the US is the sole winner; the agreement must be mutually beneficial,” Zhang said, adding t

hat for China, the most important thing is to focus on its own development, deepening reform and openin上海419论坛品茶微信

g-up and creating more jobs while joining hands with other countries to build an open global economy.

上海419论坛The US should have realized China’s resilience in coping with challen

ges, such as increased tariffs and technology barriers, as well as the country’s det

ermination and resolve reflected by its refusal to yield to pressure over the previous rounds of talks, said Zhang Yun上海419论坛品茶微信

ling, director of international studies at the Chinese Academy of Social Sciences in Beijing.

“China today is supported by its policy adjustment capacity, m

上海419论坛odern industrial system and vibrant domestic consumption,” he said, adding that the coun

try’s economy was largely stable in the first half of this year, in particular in terms of foreign trade and domestic dema上海419论坛品茶微信

nd amid slower global economic growth and weak expansion of international trade.

上海419论坛Trade disputes with China have affected some US industries.

Michael Tate, chairman of the National Cotton Council — a trade organization in the US — said the cotton industry in the US hopes S

ino-US trade disputes will be resolved as soon as possible to minimize the impact on the cotton export market.上海419论坛品茶微信

China has announced a slew of new measures to further open up its financial markets, according to the office of fin

ancial stability and development committee under the State Council, the cabinet.

上海419论坛品茶微信China will allow foreign-funded institutions to conduct credit rating bus

iness with all kinds of bonds in China’s inter-bank and exchange bond market, ac

cording to a statement of the office posted on the website of the central bank on Saturday.上海419论坛品茶微信

Overseas financial institutions will be encouraged to participate in setti

ng up and investing in the asset management subsidiaries of commercial banks.

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