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of departures” of foreign companies to other countries, adding that reworking their supply chains in China or exiting is costly.
Foreign Ministry spokesman Geng Shuang said on Tuesday that the US allegation tha?亚博体育注册会所品茶微信
t China wants to make a deal because of an economic slowdown is “entirely misleading”.
?亚博体育注册会所”China is not the only one that wants to conclude a trade deal. The US wants it, too,
” Geng said at a regular news conference. “American people, especially consum
ers, strongly oppose the trade war and the additional tariffs on Chinese goods. Their voice speaks volumes.”?亚博体育注册会所品茶微信
Stephen Roach, one of Wall Street’s leading authorities on Asia,
?亚博体育注册会所suggested in an interview that China is in no rush to cut a trade deal with the US.
“I think they’re going to stay cautious on moving aggressively to cut a deal out of the fear of a weak e
conomy, as President Trump would like us to believe,” he said Monday on CNBC’s Trading Nation.?亚博体育注册会所
The senior fellow at Yale University said he was in China last week
?亚博体育注册会所品茶微信 and the general sense was that the economy was slowing in the manufacturing sector.
“The larger, more rapidly growing services sector was likely to provide a source of resilience,” he said.
China’s services sector, which contributed 54.9 percent to the country’s total GDP, rose 7 percent in the first half, surpa?亚博体育注册会所
ssing a 3 percent increase in primary industry and a 5.8 percent rise in secondary industry, officials said on Mon
day. Primary industries extract raw materials, while secondary industries make products from those materials.
?亚博体育注册会所品茶微信Simon Lester, associate director of the Herbert A. Stiefel Center for
Trade Policy Studies at the Cato Institute in Washington, said, “I don’t think the latest Chi
na GDP numbers have changed the calculation for either side in how to approach the current trade war.”?亚博体育注册会所
Craig Allen, president of the US-China Business Council, said that in a global eco
nomy where nations are interconnected, any slowdown in China’s econ?亚博体育注册会所品茶微信
omy will have global implications, including for US exporters and investors in China.