China and U.S. in trade talks ahead of Trump's presidency
The United States and China concluded the final trade consultations of the Barack Obama's presidency on Wednesday in Washington D.C. The 2 countries noted that while it was not entirely clear how the policies of Donald Trump would alter the economic relationship, both sides were hoping for steadiness and minimal disruption. The task of the negotiators at the annual China-U.S. Joint Commission on Commerce and Trade was to find ways to implement the consensus economic agreement reached by Obama and Chinese President earlier this year. The U.S. side said that while the U.S.-China economic relationship was strong, its progress was hampered by what Washington regards as the slow pace of reform by China. They also urged the Chinese side to maintain economic relations. The Chinese side said it was necessary to implement the agreements reached with Obama's economic team.