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Chinese state media says any U.S.-China trade agreement must involve 'give and take'

Reuters  |  SHANGHAI 

(Reuters) - is keen to put an end to its trade dispute with the but will not make any "unreasonable concessions" and any agreement must involve compromise on both sides, state newspaper Daily said on Wednesday.

U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. and Chinese agreed to a 90-day truce in a trade war that has roiled global financial markets.

The trade discussions, which began in Monday, are continuing into Wednesday for an unscheduled third day.

Daily said in an editorial Beijing's stance remains firm that the dispute harms both countries and disrupts the international trade order and supply chains.

"However, it has also made it clear that it will not seek a solution to the trade frictions by making unreasonable concessions, and any agreement has to involve give and take from both sides," it said.

Trump and other U.S. officials have said the talks were going well and there have been signs of progress on issues including purchases of U.S. farm and and increased access to China's markets.

However, people familiar with the talks said the world's two largest economies were further apart on Chinese structural reforms that the is demanding in order to stop alleged theft and forced transfer of U.S. technology and on how to hold to its promises.

(Reporting by Brenda Goh; Editing by Paul Tait)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 05:58 IST