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Friday, November 16, 2018

China has responded to US demands on trade: Reuters

China has delivered a written response to the U.S. relative to trade demands, according to three sources quoted by Reuters, indicating the response addressed U.S. concerns raised on intellectual property, U.S. access to China and the trade deficit the U.S. holds with China.
However, it is not clear whether the responses were sufficient to address U.S. concerns in those areas.
Meanwhile, China's Commerce Ministry said that high-level trade talks between the US and China have resumed, with spokesman Gao Feng saying the two sides are "maintaining close contact" since the November 1 phone conversation between President Donald Trump and Chinese President Xi Jinping.
"High-level contacts between the two sides on economics and trade have resumed following the November 1 conversation between the Chinese and American heads of state," Gao said, without giving other details.