Home Economy China, U.S. set to lock horns over trade next week in bilaterial summit

China, U.S. set to lock horns over trade next week in bilaterial summit

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         China, U.S. set to lock horns over trade next week in bilaterial summit

BEIJING — China signaled little inclination to make concessions on trade with the U.S. after President Donald Trump warned of a difficult meeting with Chinese leader Xi Jinping at next week’s bilateral summit.

“China doesn’t intentionally seek trade surpluses,” Vice Foreign Minister Zheng Zeguang said during a Friday news briefing. He said that imbalances in China-U.S. trade are mainly the result of global industrial trends, as well as disparities in the two countries’ economic structures and development.

He also called on Washington to help alleviate bilateral trade imbalances by easing restrictions on technology exports to civilian users in China, and improving the investment climate for Chinese businesses in the U.S.

Zheng’s remarks came a day after China’s Foreign Ministry confirmed that Messrs. Xi and Trump would hold their first meeting on April 6-7 at the U.S. president’s Mar-a-Lago resort in Palm Beach, Fla.

After the Chinese announcement, Trump suggested that he would press Xi hard on trade—a centerpiece issue of his presidential campaign.

An expanded version of this story can be found at WSJ.com

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