China's top diplomat said on Thursday that China was willing to buy more U....
NEW YORK - China’s top diplomat said on Thursday that China was willing to buy more U.S. products and said trade talks would yield results if both sides “take more enthusiastic measures” to show goodwill and reduce “pessimistic language” in their trade dispute.
“And so, the Chinese side, we are willing to buy more products that are needed by the Chinese market,” Wang said on the sidelines of the United Nations General Assembly. The world’s two largest economies have heaped hundreds of billions of dollars in tariffs on each other’s products, roiling financial markets and disrupting global supply chains.
Reuters’ report of Wang’s remarks caused U.S. stocks to pare losses and briefly turn positive on Thursday afternoon, capping selling driven by the impeachment inquiry opened by Democrats in Congress of Trump, a Republican. “I would say that mood music, if you will, is very positive going into the negotiations,” White House economic adviser Larry Kudlow said on Fox Business Network.
Trump called for an end to religious persecution on Monday at a U.S. event on the sidelines of the annual U.N. gathering, which featured a woman whose Uighur father has been imprisoned in China.
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