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After Meeting With US Delegation, Xi Hints That China Won't Budge On Economic Reforms


In brief remarks to the press following his meeting Friday with Treasury Secretary Steven Mnuchin and Trade Rep Robert Lighthizer, President Xi affirmed that trade talks between the US and Chinese delegations will continue in Washington next week, and that while he hopes the two sides can reach a "mutually beneficial win-win agreement" he insisted that it wouldn't come at the expense of "certain principles."

"We are willing to adopt a cooperative approach to resolve and promote an agreement acceptable to both sides. However, cooperation requires certain principles."

CNBC's Eunice Yoon recounted the details of the announcement in a series of tweets. She described Xi's remarks as a reminder that China has "its own bottom line" in talks with the US.

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