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09:09, 01-Feb-2019
'Important progress' made in China-U.S. trade talks, says Chinese delegation
Updated
17:03, 02-Feb-2019
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04:23
The latest round of China-U.S. trade talks made "important progress" for its current stage, and the two sides had "candid, specific and fruitful" discussions, according to a statement from the Chinese delegation in Washington on Thursday local time.
The two sides also made a timetable and plan for the next round of negotiations, according to Xinhua.
The two sides attached great importance to intellectual property rights protection and technology transfer and agreed to strengthen cooperation. Building a market of open and fair competition is in line with China's reform and opening-up. China will actively respond to the U.S.' concerns.
The two sides agreed to take effective measures to promote balanced trade. China will expand imports of agricultural products, energy products, manufactured goods and service products from the U.S. to meet the needs of China's high-quality economic development and the people's wellbeing.
Both sides exchanged views on China's specific concerns, with the U.S. side saying it would take China's concerns seriously.
Both sides agreed on the importance of establishing an effective two-way implementation mechanism, which would help to ensure talks on each point will be implemented. The two sides have reached a consensus on the framework and basic principles of the implementation mechanism, and will continue to refine it.
Source(s): Xinhua News Agency