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China hopes U.S. will create conditions to implement Phase 1 deal, commerce official says

Published 08/13/2020, 05:02 AM
Updated 08/13/2020, 06:16 AM
© Reuters. FILE PHOTO: The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu

BEIJING (Reuters) - China hopes the United States will stop taking restrictive and discriminatory action against Chinese firms and create conditions for the implementation of a Phase 1 trade deal, Assistant Minister of Commerce Ren Hongbin said on Thursday.

Senior U.S. and Chinese officials are due to review the deal during a video conference this weekend, and are likely to air grievances in an increasingly tense relationship.

Ren told a news conference that the coronavirus pandemic and U.S. export control measures had undoubtedly had an impact on Chinese purchases of U.S. goods and services.

In January-July, Chinese imports from the United States fell 3.5% from a year earlier, falling short of the commitments made in the Phase 1 trade deal to increase purchases of American goods.

"Under the current situation, it is required that the both sides need to work together and step up cooperation to overcome the difficult times," said Ren.

"We hope U.S. would stop taking any restrictions and discriminatory action against Chinese companies and create conditions for the implementation of the Phase 1 trade agreement."

© Reuters. FILE PHOTO: The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu

U.S.-China tensions have been rapidly escalating ahead of the United States presidential election in November. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok.

Latest comments

Kick us 🇺🇸 out of Southeastern Asia, no need them over there, stop bullying other countries
Woah hold on. This hasnt even been implemented? What in the flying f have we been banking on. This is obviously just policitics because not a ******thing has happened since “Trade War” began. Lame
Been saying from the beginning the trade deal was nothing more then smoke and mirrors with no added substance just so Trumpvould say look what a great deal I made. All lies by Trump.
He is a liar,
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