China commerce ministry says it has proactively dealt with U.S. trade frictions

Sun Dec 29 2019
Lucy Harlow (4127 articles)
China commerce ministry says it has proactively dealt with U.S. trade frictions

 China’s Commerce Ministry has “proactively dealt with” trade frictions with the United States this year, it said on Sunday after an annual work conference.

The ministry has implemented the decisions of the central government and “resolutely safeguarded the interests of the country and the people”, it said in a statement on its website.

The United States and China cooled their trade war this month, announcing a “Phase one” agreement that would reduce some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods.

China’s commerce ministry has said it is in close touch with the United States on signing the trade deal, and both sides are still going through necessary procedures before the signing.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe