China prepared for no-deal outcome in trade talks with US

China's President Xi Jinping and US President Donald Trump meet before a bilateral meeting on the sidelines of the G-20 Summit in Osaka on June 29, 2019.
China's President Xi Jinping and US President Donald Trump meet before a bilateral meeting on the sidelines of the G-20 Summit in Osaka on June 29, 2019. PHOTO: AFP

Despite some early concessions from Washington, Chinese state media acknowledges difficulties ahead

Derailed trade talks may be back on track, and while China appeared to have scored some early concessions from the United States in Osaka, it is keeping expectations back home in check as it prepares for a tough negotiation that may not amount to a deal.

Chinese state media took a cautious tack and was quick to acknowledge the difficulties ahead, while reiterating that China is not afraid of fighting a trade war.

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A version of this article appeared in the print edition of The Straits Times on July 01, 2019, with the headline 'China prepared for no-deal outcome in trade talks with US'. Print Edition | Subscribe