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Exchange Rates 08.11.2018 analysis

China wants to solve problems with the United States through negotiations, but America must respect the development path chosen by China, said country's President Xi Jinping on the eve of a meeting with the US leader in Argentina.

China and the States have already exchanged rates of hundreds of billions of dollars, and Donald Trump is threatening new ones. The Trump administration also accused China of interfering in US policy, aggression in the South China Sea, and in Taiwan. Nevertheless, Trump and Xi are planning to meet on the sidelines of the G20 summit, which is being held in Argentina, for talks, since both countries, despite differences, are trying to bring trade ties back on track.

"China and the United States should correctly evaluate each other's strategic intentions, and although China is ready to solve problems at the negotiations, the United States should respect the development path chosen by China and our legitimate interests," Xi said.

Earlier, the head of the diplomatic mission of China, Wang Yi said that Xi and Trump reached "an important consensus on the healthy and stable development of bilateral relations" in a telephone conversation last week, and their meeting at the G20 summit will be "crucial in resolving a bilateral dispute. Wang added that China is ready to work with the United States to "eliminate violations, restore confidence and fully prepare for the meeting."

Performed by I Belozerov,
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