China denies Xi comments aimed at settling US dispute

2018-04-12 10:35
China's President Xi Jinping. (Naohiko Hatta, Kyodo News via AP)

China's President Xi Jinping. (Naohiko Hatta, Kyodo News via AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

China's government on Thursday denied President Xi Jinping's promise of market-opening measures this week was aimed at settling a tariff dispute with Washington and said negotiations are impossible under "unilateral coercion" by the United States.

A commerce ministry spokesperson, Gao Feng, complained US President Donald Trump's government has "shown no sincerity", according to the official Xinhua News Agency. Gao said the two sides have yet to start negotiations.

Gao repeated complaints that Trump acted improperly when he responded to Beijing's protest over his plan to raise tariffs on $50bn of Chinese goods by saying he might add another $100bn of imports to the list.

"Under unilateral coercion, it is impossible for the Chinese side to conduct any negotiations," Gao was paraphrased as saying.

Trump's proposed tariff hike is a response to complaints Beijing steals or pressures foreign companies to hand over technology. China has responded with its own $50bn list of US goods for retaliation if Washington goes ahead with the increase.

Gao denied Xi was making an overture to Washington when he announced plans in a speech on Tuesday to cut import duties on autos, ease restrictions on foreign ownership in China's auto industry and make other market-opening changes.

Share prices of global automakers rose on investor hopes their China operations, while some economists said the positive tone of Xi's comments might provide a basis for talks with Washington.

"The measures to increase opening announced by China are a major decision to open to the outside and have nothing to do with Chinese-US trade frictions," Gao was paraphrased as saying.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    xi jinping  |  us  |  china

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.