China Says Ready For Fallout From Trade Talks Collapse

From Reuters:

China’s commerce minister has called the collapse of trade liberalisation talks a heavy blow, telling state media his country will brace for more trade friction and pursue closer regional cooperation.

Developed countries have blamed India and China for not giving enough ground at the World Trade Organisation (WTO) talks that ended in Geneva on Tuesday, failing to strike a deal on lifting barriers to trade in farm goods and other goods.

But in an interview with the Chinese-language People’s Daily, Minister of Commerce Chen Deming pressed his country’s case that wealthy countries were the culprits.


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