The US has sent a clear message to China that they plan to stand strong on the recent trade sanctions. No high-ranking officials will attend a major China Investment Fair.
The U.S. Embassy confirmed on Wednesday that no officials will be at the event, as the situation worsens between the two largest economies on the planet.
"China needs to make the necessary reforms to end its unfair practices that are harming the world economy," an embassy spokesperson said, speaking on routine condition of anonymity.
"The U.S. government has no current plans for high-level U.S. government participation" in the expo, the official told The Associated Press. "We encourage China to level the playing the field for U.S. goods and services."
The Chinese press reported the inaugural China International Import Expo has seen a great response as over 2,800 companies from 130 nations plan to attend the event, the trade show will be hosted in Shanghai on November 5th till the 10th
The trade show is to showcase the countries significance as a market for overseas products and to tighten relationships with foreign companies. China has been the target of many accusations recently over the unfair treatment of foreign companies.
The recent increase of trade sanctions by the United States on $250 billion of Chinese goods saw a response From China with its own tariff hikes on $110 billion of American imports.
"China's return to the path of economic reform and sincere commitment to market-based trade and investment norms would be good for the United States, the world and ultimately good for China," the embassy spokesperson said.
The current frictions between the two countries have China's economic growth slow to a post-global crisis low of 6.5 per cent over a year earlier in September. China's stock market has also plummeted 30 per cent since January.
This was reported produced by Ecocrops International
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