When it entails imposing anyprospective trade deal between the U.S. and China, Washington should treat its Chinese counterparts as “equals,” in preserving with a primary Chinese economist.
Representatives from Washington and Beijing have been negotiating a trade deal. U.S. President Donald Trump talked about this week he’ll keep additional tariffs imposed on Chinese objects to ensure that “China lives by the deal.” Beijing, in the meantime, talked about this month that enforcement of the deal should be “two-way, fair and equal.”
“China is too big an economy, China is too independent,” talked about Li Daokui, an economics professor from Tsinghua University and a former member of the monetary protection committee on the People’s Bank of China.
“The issue is, the U.S. side should treat the Chinese side, the Chinese government as equals, with due respect and therefore design or negotiate a mechanism which is respectful, which is not perceived to be a humiliation to the Chinese people or Chinese regime,” Li instructed CNBC’s Martin Soong on Saturday on the China Development Forum in Beijing.