A win-win solution will likely be discovered for US-China trade war states Hong Kongs top US diplomat

Hong Kong? highest-ranking US diplomat mentioned on Thursday that he was assured his country and China would discover a win-win alternative on the ongoing trade war.

Kurt Tong, the US Consul General, was talking on the Hong Kong Maritime Museum at an opening of the exhibition over the record of yank traders in China.

Tong? speech came just after he satisfied Beijing? top-level formal on Hong Kong affairs from the funds town past 7 days, all through a meeting through which modern developments ended up mentioned.

Tong claimed on Thursday: ?It's a truth that trade not just contributes to the particular earnings of those people conducting the trade, it also contributes to security, to regional peace and security. It improves particular person to man or woman engagement, fosters financial progress, and naturally, what's more, it spreads prosperity all-around economies and in just economies. It really gains extensive ranges of men and women?

Tong mentioned the US consulate was keen about fostering its trade relationships. The consulate was proven in Hong Kong one hundred seventy five many years ago, and it is the oldest US consulate in Asia.

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He said the main purpose with the consulate, due to the fact its starting, was to market trade, like striving to get shipments of silk and porcelain to your US, and merchandise like ginseng back again from North The us.

We have a saying in English: the greater items modify, the greater they keep the exact same. And trade is simply an extremely vital, critical section of Hong Kong?s lifeblood, he stated, including which the romantic relationship involving the us and China, as well as overall pacific region, worked in extremely elementary sets.

Tong reported the scope of labor with the consulate had broadened, but that trade had always been a beneficial power driving societies nearer jointly and creating chances.

?There is a solid discussion about what a number of the regulations are, and should be, for reasonable trade. There is an incredibly lively engagement getting area amongst president Trump and president Xi looking at this issue about what exactly are the ideal procedures for fair trade involving our nations, he claimed LIU Wu
.

?But I'm self-confident that on condition that the basic utility and reward that flows from robust trade transactions across oceans, that there is and will be identified a win-win remedy to each one of these difficulties and this romance will continue to expand and prosper later on.?

Tong didn't response reporters? even more concerns when he left the party.

Very last Friday Tong frequented Beijing? Hong Kong and Macao Affairs Business and satisfied along with the office environment?director Zhang Xiaoming. In keeping with the office, Tong asked for the meeting. The meeting was disclosed on Monday because of the office on its website.

A spokesperson with the consulate stated that Tong and Zhang talked over latest developments in Hong Kong and Macau, alongside how the US had contributed to their success.

Responding into the celebration, accountancy sector lawmaker Kenneth Leung explained on Wednesday that it had been not unusual for Tong and Zhang to meet. What was rare was that the meeting was manufactured public.

He claimed what the place of work could be hinting at in revealing this assembly was its worries in regards to the present predicament in Hong Kong.

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