Original title: sudden! US media: US will cancel ZTE's sales ban
The Wall Street Journal quoted sources as saying on May 22 that China and the United States have reached a general framework plan to resolve ZTE's dispute, and the agreement will lift the ban on American companies selling parts and software to ZTE.
Details of the plan are still being finalized, the source said. If the discussions are completed, the trump administration will lift the ban on US companies selling parts and software to ZTE. At the same time, ZTE will be forced to adjust its management and board of directors and pay a certain amount of fine.
The person also said that the talks are continuing and there is still a long way to go to reach an agreement. He said any relaxation of the ban would be subject to scrutiny by the US national security department.
On Monday, U.S. Treasury Secretary noumchin said in an interview: 'our goal is not to let (ZTE) go bankrupt. '
In response, a reporter from China's daily economic news contacted ZTE for verification. ZTE responded that "the news is true.".
Sino US trade war cease fire! Cease war! Sino US joint statement on economic and trade consultation
In the early morning of May 19, Beijing time, Xinhua International's official microblog reported that the Sino US trade war was stopped!
China and the United States issued a joint statement on bilateral economic and trade consultations in Washington on the 19th, Xinhua reported. The statement reads as follows:
In accordance with the instructions of President Xi Jinping and President Trump, in from May 17 to 18, 2018, the Chinese delegation headed by the special envoy of President Xi Jinping and vice premier Liu He of the State Council and the US delegation including the Minister of finance Mnuchin, the Minister of Commerce Ross and the trade representative lett chight and others held constructive consultations on trade issues.
The two sides agreed to take effective measures to substantially reduce the US trade deficit in goods with China. In order to meet the growing consumer demand of the Chinese people and promote high-quality economic development, China will substantially increase its purchases of goods and services from the United States. It also helps us economic growth and employment.
The two sides agreed to increase US agricultural products and energy exports in a meaningful way, and the US side will send a delegation to China to discuss specific issues.
The two sides discussed expanding trade in manufacturing products and services and reached a consensus on creating favorable conditions to increase trade in the above areas.
Both sides attach great importance to intellectual property protection and agree to strengthen cooperation. China will promote the revision of relevant laws and regulations, including the patent law.
Both sides agreed to encourage two-way investment and strive to create a level playing field for business.
The two sides agreed to continue to maintain high-level communication on this issue and actively seek solutions to their respective economic and trade issues of concern.