China offers concessions to prevent trade war with America

China offers concessions to prevent trade war with America

China is going to offer the Trump administration better market access for financial sector investments as well as American beef exports in order to help to prevent an emerging trade war, as the Financial Times informed on Sunday, citing sources already familiar with the matter.

China is all geared up toward raising the investment ceiling in the Bilateral Investment treaty and this Asian country also willing to end the ban on American beef imports, as the newspaper disclosed.

China was ready to increase the investment ceilings in the BIT, though those talks were put on hold right after Trump's election win, as the Financial Times cited a Chinese official involved in the negotiations.

On Friday, US Commerce Secretary Wilbur Ross told that President Donald Trump as well as Chinese President Xi Jinping have already agreed to a fresh 100-day plan for trade talks.

By the way, the US trade department wasn’t available for comment, while the Chinese ministry of commerce couldn’t be reached for comment.

 

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