US-China ‘Board of Investment’ stalls before expected Trump-Xi meeting

President of US-China Business Council says neither side has ‘initiated consultation process’ or is ready yet for private sector discussions “The US side and the Chinese side neither have really initiated the consultation process,” he said, adding that “it looks like neither side is ready yet for discussions with the private sector”. In an email response to the South China Morning Post, the Chinese embassy in Washington said that economic and trade teams of both countries are “maintaining close communication regarding the relevant mechanisms”. “We believe that the trade and investment councils will provide a platform for pragmatic discussions between the two countries on mutual concerns in the areas of trade and investment,” embassy spokesman Liu Chang said. He added that the boards would help shift economic and trade consultations from “crisis response” to “mechanised management”.

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