Presidents Donald Trump and Xi Jinping are scheduled to join other world leaders at the Group of Twenty summit in Osaka in late June. The world will be watching if the event paves the way for breaking the current trade talk deadlock. Chen Deming, China’s commerce minister from, told Bloomberg Television in an interview Thursday that he sees the chances being low.
over who wrecked negotiations. The last time Trump and Xi met face-to-face was at the previous G-20 summit in Argentina. That meeting yielded a months-long truce. Chen echoed that sentiment. The trade conflict with the U.S. will have an adverse effect on China, but will be controllable, he said. And the country should hit its growth target of 6%-to-6.5% this year, according to Chen.
Many Chinese students have gone overseas to study and in a few years they can help China close the technology gap, according to Chen. “If you go forward to that time, we will thank President Trump, because it was his policies that led us to be able to make for ourselves all the things we used to purchase from around the world.”
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