Parties: Trade Disputes and Trade Deal

parties: Last week, US President Donald Trump even suggested that he could extend the deadline if both parties are making good progress and are nearing a formal agreement, according to Global Times China. As the US and China both have the need to reach a deal, it is generally expected that both parties will make some compromises to avoid an escalation of trade disputes. With the slowdown seen in the economies of both countries and the world in general, the US and China have a sober understanding of the importance of reaching a trade deal, which is reflected by the increasing flexibility shown by both parties. In this situation, China will most likely significantly increase its imports from the US in the short term, while at the same time making substantial changes with regards to issues like market opening and technology transfer. Last year, against the background of the unprecedented trade war, the National Development and Reform Commission China's top economic planner, published a new version of the negative list for foreign investment. At present, there is much speculation about what compromises China may make or which industries the nation will open to more foreign investment. (news.financializer.com). As reported in the news.