Chinese President Xi Jinping(right) and his US counterpart Donald Trump take a walk at the Mar-a-Lago resort in Florida on Friday. Photo: Xinhua
Recent talks between Chinese President Xi Jinping and his US counterpart Donald Trump have set a positive tone for upcoming negotiations on bilateral investment and trade matters, where both countries could make some concessions, despite differences, Chinese experts noted on Monday.
During their first meeting in Florida last week, both leaders acknowledged that bilateral trade between China and the US is imbalanced and that some issues need to be tackled in the coming months.
Following the meeting, a 100-day plan was set to tackle trade issues, with the aim of increasing US exports to China and reducing the trade deficit nike air max 90 scontate , according to a briefing by US Secretary Rex Tillerson, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross published on the White House website on Friday (US time).
Though details of the plan remain unclear, Chinese experts said there are areas where both sides can make concessions to improve ties.
"It is crucial to know what the US' bargaining chips are and what we could offer them," Mei Xinyu, an associate research fellow at the Chinese Ministry of Commerce, told the Global Times on Monday.
For instance, the US could further lift restrictions on some exports to China and ease Chinese companies' access to the US market nike air max 2019 scontate , especially in the infrastructure sector, Mei said. "China could enlarge exports from the US in energy and agriculture, even Hollywood movies," he added.
The Chinese government is considering offering the Trump administration better market access in the financial sector and for US beef exports, the Financial Times reported on Sunday, citing US officials involved in talks between the two sides.
The report noted that the Chinese government was prepared to raise the investment ceiling on the Bilateral Investment Treaty but those negotiations were halted after Trump's win.
The Chinese government is expected to respond actively to the US' demand of further opening up the Chinese market to US exports, He Weiwen nike air max scontate saldi , an executive council member at the China Society for the WTO, told the Global Times on Monday.
"But it will not be administrative intervention, the opening up will be market driven, which is in line with the WTO's rules and regulations," He said.
The US exported $115.78 billion worth of goods to China in 2016 while it imported $462.81 billion in goods from China, according to the US Census Bureau, a $367.04 billion deficit.
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