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China denies rumors of offer to cut trade surplus with US

By CHEN WEIHUA in Washington and Li Xiang in Beijing | chinadaily.com.cn | Updated: 2018-05-18 19:30

On Friday, China rebutted rumors that the country had offered to cut its trade surplus with the United States by $200 billion, saying that trade talks with the US so far have been constructive and are still in process.

Foreign Ministry spokesman Lu Kang said that the goal of the ongoing consultations between the two countries is to understand both sides' concerns, and the talks are carried out in a process with mutual understanding and accommodation to move the bilateral economic and trade relationship toward a win-win direction.

Chinese Vice-Premier Liu He is leading a delegation for a new round of trade talks with the US in Washington. US President Donald Trump met with Liu in the White House Oval Office on Thursday, exchanging views on bilateral economic and trade relations.

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