"We want to reach a" phase one "agreement on the basis of mutual respect and equality. When necessary, we will fight back, but we have worked hard to try not to. trade war. We did not start this trade war and this is not what we want, "said Xi Jinping.

This is the answer made by Chinese President Xi Jinping after a question from a representative of the New Economic Forum organized by Bloomberg LP at the People’s Great Hall in Beijing on November 22.

The global financial market has stalled this week over fears that trade talks will be canceled, especially in the context that US President Donald Trump is expected to sign into a bill of two pro-bills. protesters in Hong Kong.

Economists warn that a protracted dispute between the world’s two largest economies is increasing the risks to the global economy by disrupting supply chains, limiting investment and losing confidence. business.

Earlier, Reuters quoted a source as saying that the first phase agreement between Washington and Beijing might not be completed in 2019 but would be pushed back to 2020 because China wants the US to lift more tariffs while it is the main President Donald Trump’s authority also made higher demands. 

"The delay will only bring more trouble," said Fred Hu, founder of global investment firm Primavera Capital Group, based in China. "The longer the time, the more variables there will be." such as the Hong Kong issue. "