No winner in China-U.S. trade war, says China’s Premier Li

March 21, 2018

BEIJING - There would be no winner in a trade war should one happen between China and the United States, Premier Li Keqiang told a press conference after the conclusion of the annual legislative session of the National People’s Congress.

A trade "war" would go against the principles of trade -- negotiation, consultation and dialogue, according to Li, China’s State newsagency, Xinhua, reported.

 

China hoped both sides would act rationally rather than emotionally, Lie said.

 

Last year, China-U.S. trade reached about US$580 billion, and such a substantial trade volume could not have been achieved without business rules and market principles, he said.

 

"A large trade deficit is not something [that] we want to see," said Li. "What we want is balanced trade, otherwise bilateral trade would not be sustainable."  www.webershandwick.cn (ATI).