Posted 1/11/2019 07:01 (#7236708) Subject: Maybe the reason for soybeans' selloff is.....
Commerce ministry spokesman Gao Feng told reporters the two sides were "serious" and "honest."
Asked about China's stance on issues such as forced technology transfers, intellectual property rights, non-tariff barriers and cyber attacks, and whether China was confident it could reach agreement with the United States, Gao said these issues were "an important part" of the Beijing talks.
"There has been progress in these areas," he said without elaborating.
China has repeatedly played down complaints about intellectual property abuses, and has rejected accusations that foreign companies face forced technology transfers.
Discussions on those issues were an extensive part of the talks, said people in Washington familiar with the discussions.
Chinese officials listened "politely" to U.S. grievances, they said, but responded by saying that the Americans had some issues wrong and misunderstood others, but that some other issues could be addressed.
"It was a cordial standoff," said one person familiar with the discussions. China has said it will not give ground on issues that it perceives as core.
On Wednesday, the U.S. Trade Representative's office said officials from the two sides discussed "ways to achieve fairness, reciprocity and balance in trade relations," and focused on China's pledge to buy a substantial amount of agricultural, energy, manufactured, and other products and services from the United States."
The U.S. trade agency said the talks also focused on ways to ensure enforcement and verification of Chinese follow-through on any commitments it makes to the United States.
U.S. and Chinese officials made more progress on straightforward issues such as working out the details of Chinese pledges to buy a "substantial amount" of U.S. agricultural, energy and manufactured goods and services, sources said.