Thursday, 17 October, 2019

China seeks framework for November deal with Trump  – #China’s “Made in China 2025” plan, which envisions a rapid expansion of domestic high tech industry, figures prominently in the #US administration’s complaints about Chinese #economic policy.


Ahead of a possible meeting next month between US President Donald Trump and his Chinese counterpart, Xi Jinping, the White House tempered any optimism that a trade truce with Beijing is imminent when top economic advisor Larry Kudlow accused China on Sunday of doing “nothing” to defuse trade tensions.

But some Chinese officials and government advisers recently emphasized that China will show patience in addressing American trade demands, postponing if necessary some of its plans to become self-sufficient in high-tech industry.

Read more: China seeks framework for November deal with Trump | Asia Times

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