Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

China’s Foreign Minister Urges Cooperation With U.S. 

Published 12/13/2019, 10:05 AM
Updated 12/13/2019, 11:47 AM
© Reuters.  China’s Foreign Minister Urges Cooperation With U.S. 

© Reuters. China’s Foreign Minister Urges Cooperation With U.S. 

(Bloomberg) -- Chinese Foreign Minister Wang Yi urged a return to cooperation with U.S., as the world’s two largest economies neared a preliminary deal to scale back their ongoing trade war.

Wang told a conference on Chinese diplomacy Friday in Beijing that the U.S. actions on a range of issues have damaged the “hard-won” relationship between the two sides. He accused U.S. officials of having “defamed” the Chinese side, saying the American government’s flawed understanding of the country was at the root of their tensions.

Wang, who also holds the title of state councilor, said that cooperation was still the only right way forward.

The criticism by one of China’s top diplomats underscores the strategic conflict that has widened between the two sides amid the trade war. The economic dispute has encouraged a bipartisan effort in Washington to push back against China’s expanding military and diplomatic reach and challenge its human rights record in places like the former British colony of Hong Kong.

Wang’s comments -- part of broader speech assessing the country’s diplomatic activities over the past 12 months -- came as President Donald Trump signed off on a so-called phase-one trade deal with China, according to people familiar with the matter. Beijing has yet to comment on the agreement, which the people said would avert the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of Chinese consumer goods.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.