Search ForexCrunch

Mei Xinyu, a researcher at the Chinese Ministry of Commerce (MOFCOM) was out on the wires last minutes, via Reuters, expressing his take on the US-China trade talks.

Key Headlines:

China held its ground in trade talks.

China stood firm on three issues.

First is the use of imports to ease trade imbalances.

Second is that there is no hard target of a reduction in the trade surplus.

Third is the protection of China’s industrial upgrade policy.