Trade spat

China, US urged to negotiate soon over differences

The flags of US and China flutter in front of a portrait of late Chinese Chairman Mao Zedong at the Tiananmen gate in Beijing on Nov 8, 2017.
The flags of US and China flutter in front of a portrait of late Chinese Chairman Mao Zedong at the Tiananmen gate in Beijing on Nov 8, 2017. PHOTO: REUTERS

Chinese scholar warns of global trade impact if the world's 2 largest economies do not compromise and settle for 'second-best' option

A Chinese scholar has urged negotiations as soon as possible between China and the United States as tension over trade between the two largest economies worsened in recent days, with both sides ratcheting up the stakes.

Madam Chen Fengying, former director of the Institute of World Economy at government think-tank China Institutes of Contemporary International Relations, said each side needs to compromise and settle for the "second-best" option in order to resolve their differences.

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A version of this article appeared in the print edition of The Straits Times on April 19, 2018, with the headline 'China, US urged to negotiate soon over differences'. Print Edition | Subscribe