China will acknowledge concessions made in any trade deal with the United States...
BEIJING - China will acknowledge concessions made in any trade deal with the United States for the sake of stabilizing shaky relations, but is unlikely to yield to demands it alter its economic model even if faced with continued tariffs, many trade experts believe.
Chinese concessions in any deal are likely to fall short of U.S. demands for deep change in the way the world’s second-largest economy works.And President Xi Jinping faces political realities at home, where being seen as kowtowing to Trump would be less palatable than navigating the near-term impact continued trade tensions might have on China’s own slowing economy, they say.
China verifiably cracking down on the more existential threat of forced technology transfer - which officials deny actually occurs - or substantially curbing the influence of state-owned companies in the economy is seen as less likely.‘MAR-A-LAGO ACCORD’? China’s willingness to make smaller commitments is driven by a desire to stabilize U.S.-China relations and prevent the trade dispute from spreading, which has become more salient as Washington pressures its allies to jettison cooperation with Chinese tech champions, including Huawei Technologies.
U.S. Trade Representative Robert Lighthizer has signaled that tariffs would remain an important tool to push China to address U.S. concerns over Chinese industrial policies, saying in written testimony at Congressional hearings last week that trade issues with China were too serious to be resolved merely through stepped-up purchases.
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