Archive for June 30th, 2019

World breathed a collective sigh of relief that China-US trade war has been averted in Osaka with the hope that it will herald a new international order based not on confrontation but on co-operation

The world was focussed on the meeting between President Xi Jinping of China and President of United States at the G20 meeting in Osaka yesterday and breathed a collective sigh of relief that the China-United States trade war had been averted

No one knows for how long the multibillion-dollar tariff war between the two nations could be averted, but the world hopes that the temporary ceasefire would give the negotiators of both countries another chance to forge a permanent accord governing the vast flow of goods and services between the world’s two largest economies and herald a new international order based not on confrontation but on co-operation.

This was the predominant view of the Chinese scientists, academicians and IT professionals whom the DAP delegation met on a week-long fact-finding visit to Hunan and Jiangxi.

Fairly unanimous of the view that the escalating trade dispute between the United States and China is detrimental to both countries and the rest of the world, they nonetheless have the confidence and took the moral high ground that in the long run, China would not be the loser should be the trade war eventuate.
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