China Says It’s Still Ready to Talk on Trade Deal

A top deputy to Chinese President Xi Jinping said Beijing remained ready to discuss a trade solution with the U.S., but cautioned that the country wouldn’t again be “bullied and oppressed” by foreign powers.

Vice President Wang Qishan — one of China’s best-known economic reformers — told Bloomberg’s New Economy Forum in Singapore that trade was still the “anchor and propeller of China-U.S. relations.” Wang prefaced his support for talks — a refrain Chinese leaders have repeated for months — with a warning about the dangers of “right-leaning populism” and “unilateralism.”

The Chinese side is ready to have discussions with the U.S. on issues of mutual concern and work for a solution on trade acceptable to both sides,” Wang told the crowd of more than 400 business and political leaders Tuesday. “China will stay calm and sober-minded and embrace greater openness to achieve mutual benefit and win-win results.”

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