On Tuesday, China has declined a suggestion from the United States President Donald Trump that Beijing needs a trade deal with the United States as its economy was slowing, claims this was “totally misleading” and that both the nations wanted an agreement.
On Monday, President Trump Tweets, refers to slow economic growth in China as proof that the US tariffs were having “a major effect” and warned that Washington could impose more pressure.
Official date highlights economic growth of China cooled to 6.2 percent in the second quarter, the weakest annual pace in around 27 years, amid trade pressure from the US. In the first quarter, the economy growth at 6.3 percent compared with last year.
A spokesperson of the Chinese Foreign Ministry, Geng Shuang said that the country’s half-pace was “not bad performance” appraising global economic uncertainty and slowing world growth, and in line with outside expectations.
The stable growth in China is good for the world as well as for the economy of the United States, said Mr. Geng.
He continued, “As for the United State so-called because ‘China’s economy is slowing so China urgently hopes to reach an agreement with the U.S. side’, this is totally misleading.”
“Reaching a trade and economic agreement is absolutely not a one-sided desire of China’s. The U.S. side also has this desire,” added Mr. Geng.
Many people in the US strongly opposed the imposed tariffs on Chinese goods and also the trade war, claims the Chinese Foreign Ministry spokesman.
Mr. Geng further said, “I again call on the U.S. side to work hard with China, meet each other halfway, and on the basis of mutual respect and treatment, strive to reach a mutually beneficial, win-win agreement. This accords with the interests of both countries and is what the international community expects.”
Last month, President Trump and Chinese President Xi Jinping have agreed to another truce in the year-long trade war between the world’s two largest economies.
The agreement was declared after both the country leaders met in Japan’s Osaka, aimed at kick-starting stalled negotiations but no deadline has been issued for the process to resolve.
Global Times’ Editor Hun Xinjin has replied on President Trump’s Twitter posts, asked if it was “noble for a President to gloat.”
Xinjin tweets, “6.2% is much higher than U.S. growth. Wait until U.S. growth hits 6.2% then laugh at China,” adding that “Chinese economic growth slows down because of restructuring. The credit doesn’t go to the White House.”