Global Times reports Beijing remains committed despite negative media reports. FMTNews
BEIJING: China and the United States are ‘very close’ to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, said on Monday, discounting “negative” media reports.
Trade experts and people close to the White House said last week that completion of a “phase one” deal, which had been expected in November, could slide into the new year, as Beijing presses for more extensive tariff rollbacks and Washington counters with demands of its own. The outlook for a phase one deal was further complicated last week when the US Congress approved legislation to back protesters in Hong Kong, although the completion of district council elections in the Chinese controlled territory on Sunday, without major disruptions, could help.
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