China offers concessions to avert trade war with U.S

China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.

tradewarchina_small China offers concessions to avert trade war with U.S Business

“China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump’s election victory)”

The Financial Times also reported citing a Chinese official involved in the talks.

U.S. Commerce Secretary Wilbur Ross said on Friday that President Donald Trump and Chinese President Xi Jinping have agreed to a new 100-day plan for trade talks on Friday.

The U.S. trade department was not immediately available for comment while the China’s ministry of commerce could not be reached for comment.