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United States, China better understanding of trade: ex-Beijing official



  The Chinese port of Nantong in Jiangsu province, China.

Xu Congjun | Visual China Group | Getty Images

The Chinese port of Nantong in Jiangsu province, China.

United States and China reach greater consensus on trade issues, a former Chinese Commerce Department official told CNBC on Thursday.

China is currently in the midst of a two-week annual parliamentary meeting, National People & # 39; s Congress, which started on Tuesday and ends next Friday (March 5-15).

At the opening of that meeting this week, Premier Li Keqiang said that the Chinese economy is likely to slow down this year and revealed that the official economic growth target for 2019 will be 6.0 to 6.5 percent, compared with an expansion of 6.6 percent in 2018 – the slowest growth since 1990.

Li said o see that the country's monthly customs war with the United States has harmed business – but he repeated Beijing's commitment to "protect economic globalization" and pledged to promote China and the US trade negotiations while negotiating other trade agreements.


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