Trade negotiations amid the U.S. and China seem to have attained a stage where they appear to be “really functioning line by line on a file,” stated a Morgan Stanley analyst. “Before December, we had been in a repeatedly escalatory environment, but we are presently in de-escalatory surroundings, hopefully directing to the mark of a document,” reported Jonathan Garner, Chief Equity Strategist for Asia markets at Morgan Stanley. The new round of talks amid both nations persisted in Beijing in recent time. After that, both parties are anticipated to hold meetings in Washington starting from April 3, 2019. The two biggest economies globally are negotiating a trade contract after a tariff dispute that started last year.
It appears like Chinese negotiators are keen to get a deal fully and tightly prepared before Chinese President Xi Jinping visits the U.S. to approve it in the months ahead, Garner said to CNBC. Garner’s remarks came following Chinese Premier Li Keqiang stated at the Boao Forum for Asia that China would expand market access for overseas insurance and banking firms, and widen the opening of the services industry—particularly the financial sector—to overseas investors. Li’s recent comments on Beijing expanding markets to foreign investment indicates “concrete action” that the second largest economy across the globe is taking to deal with Washington’s fears in the ongoing two-sided trade dispute, said Garner.
Similarly, recently the U.S. officials stated that China has made extraordinary proposals regarding the tech transfer and trade challenges. China has made extraordinary proposals in discussions with the U.S. on a range of problems counting forced technology move as the two sides function to overcome remaining impediments to a deal to conclude their protracted trade dispute, the U.S. officials said to Reuters.