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China's Trade Olive Branch Can't Dispel Fears of Clash With U.S.

  • Top Xi deputy says China still wants trade talks with Trump
  • Kissinger warns conflict would ‘destroy hope for world order’
Bloomberg business news
China’s Wang discusses the government’s commitment to open its market and the bilateral relations with the U.S..(Source: Bloomberg)
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A top Chinese official’s offer of trade talks with the U.S. on Tuesday did little to assuage concerns that the world’s two largest economies were headed for a confrontation that could disrupt the global order.

Chinese Vice President Wang Qishan -- a long-time ally of President Xi Jinping -- told Bloomberg’s New Economy Forum in Singapore that Beijing remained ready to discuss solutions to its trade war with the U.S. But Wang also warned that China wouldn’t again be “bullied and oppressed by imperialist powers,” underscoring fears by business and political leaders on hand that rising nationalism in both countries would be harder to manage.