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China commerce ministry says it has proactively dealt with U.S. trade frictions

Published 12/29/2019, 12:04 AM
Updated 12/29/2019, 12:06 AM
China commerce ministry says it has proactively dealt with U.S. trade frictions

BEIJING (Reuters) - China's Commerce Ministry has "proactively dealt with" trade frictions with the United States this year, it said on Sunday after an annual work conference.

The ministry has implemented the decisions of the central government and "resolutely safeguarded the interests of the country and the people", it said in a statement on its website.

The United States and China cooled their trade war this month, announcing a "Phase one" agreement that would reduce some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

China's commerce ministry has said it is in close touch with the United States on signing the trade deal, and both sides are still going through necessary procedures before the signing.

Latest comments

Why Asia weaponized rare earths, soybeans and palm oil in 2019. Resource nationalism took hold amid trade war tensions and environmental risks. RURIKA IMAHASHI and CK TAN, Nikkei staff writers. December 28, 2019 20:00 JST
Beijing will live up to its trade deal commitments but Washington must also honour the one-China policy in relation to Taiwan, according to China’s envoy to the United States.. . Taiwan election January 11 2020
China and Russia plan to boost scientific cooperation with focus on artificial intelligence and other strategic areas. Focus on technological collaboration comes as Moscow and Beijing are being brought closer together in face of growing pressure from the West. Vladimir Putin has designated 2020 as the year of Russian-Chinese science cooperation with the focus expected to be on communications, AI and ‘the internet of things’. . . Keegan Elmer . Published: 10:00pm, 28 Dec, 2019
How about, stop saying they are in close touch about signing and say something when something significant is happening? It’s the same story for some time now. Just trying to keep the market calm this way.. sheesh.
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