* Sino -US economic and trade consultation enters the sprint stage, and basic problems are initially reached consensus

* Time is urgent but the task of consultation is still arduous

* Core demands on both sides still need to run in

Sino -US economic and trade consultations have continued to enter the acceleration mode. The seventh round of the seventh round of Sino -US economic and trade high -level consultations began in Washington on Thursday. At this time, the 90 -day period of the trade war between the two parties was less than 10 days.After several lower -level consultations, the progress of this consultation has become an important crossroad for the next step in Sino -US economic and trade relations.

Reuters learned from a number of Chinese officials that the current China and the United States have basically reached a consensus on relieving trade imbalances. Now it is important that there is a certain gap between the concessions of each other's core demands and acceptance.Seeking this difference.However, compared with the situation in the first round of trade negotiations last year, a series of consultations have been relatively pragmatic and specific this year.

Now it can be said that the sprint stage, and the negotiating team of the two parties work towards the goal of reaching an agreement within the deadline, but some problems are relatively complicated and need to run in.A Chinese official who understands the situation says that after multiple rounds of consultations, some of the views of the two sides are closer than before.

Although the two sides had clearly cleared some details and basic problems at the technical discussion, this does not mean that stones can be landed within the negotiation period.The above -mentioned officials pointed out that the current time is urgent, but this time the negotiations are still arduous. Many specific issues are indeed difficult to reach. These key issues need time and patience.

As for whether it will be extended for 90 days, another Chinese government close to the high -level Chinese government said that the extension is the alternative plan. At present, the two parties still strive to be completed within the time limit, and even if the period is extended, it will not be too long.He emphasized that the focus is on the quality of the agreement, and will not abandon his reasonable interests or make principle compromise in order to complete the period goal; it does not rule out the differences between the existence of trade representatives of the two countries, which requires the head of state to make a noise.

U.S. President Trump said on Tuesday that trade negotiations with China are progressing smoothly and imply that he is willing to postpone the final period of the completion of the consultation on March 1, saying that March 1 is not a magical day.This is a very complicated consultation.The consultation was smooth, and Trump said that I couldn't tell you the exact time, but that day was not a magical day.Many things may happen.

The spokesperson of the Ministry of Commerce at the peak of the Chinese Ministry of Commerce pointed out on Thursday that the working layers of both China and the United States have started to work on the 19th, and high-level consultations will begin on the 21st to 22nd. On the basis of the last high-level economic and trade consultation, we will further communicate about economic and trade issues.The purpose of such a dense consultation is to achieve an agreement according to the consensus of the heads of state of the two countries.As for the specific progress, it is necessary to further release it after the consultation.

Reuters earlier quoted two sources who were familiar with the talks that the United States and China had already begun to develop the most difficult topic for the most difficult topic in trade disputes. This is the most important progress since the seven months of the trade war.Negotiation officials planned six memorandums of understanding on structural issues, including compulsory technology transfer, online theft, intellectual property rights, service industry, exchange rates, agriculture and trade non -tariff barriers.

Throughout the world, many major economies have lowered the expectations of economic growth in 2019. Huatai Securities Macro Li Chao team pointed out that the global economic trend is not optimistic, and the results of the Sino -US economic and trade consultation must be focused on the results of Sino -US economic and trade consultations.Trade has always been one of the factors of the euro zone and Australia's significant economic growth rate, reflecting the global tension of the Sino -US trade war.

They also analyzed that Sino -US trade negotiations will enter phased relaxation, but the reason for the differences in Sino -US trade is structural reform. Therefore, from the long -term perspective, negotiations between the two countries are still in a state of stalemate.

** Positive signal continues to release **

Although there are too many uncertainty in Sino -US economic and trade relations, the results of this round of consultations are unknown, from recently, both the policy level and market performance have revealed positive signals.

At present, the market has a certain level of recovery of the psychological expectations of trade friction. The previous market panic has been clearly cleared.Wan Ye, chief economist of China Gold Group, pointed out that although the Sino -US trade negotiations are difficult, it is not a simple and smooth process to reach a consensus or agreement in the end, but in the long run, the toughness of market psychological expectations is gradually strengthening.

China recently released the Central Document No. 1 in 2019 to stabilize the production of food to ensure that the planting area of food sowing is stable at 1.65 billion mu; the implementation of the soybean revitalization plan to expand the planting area by multiple ways; actively expand the import of domestic agricultural products, expand the diversified import channels, and cultivate the diversified import channels, and cultivate the diversified import channels.A group of multinational agricultural enterprise groups improve the level of agricultural foreign cooperation.

It is worth noting that in the document 1, it is mentioned that the initial documents such as the initiative to expand the shortage of agricultural products in China and the 13th Five -Year Plan are moderately increased in the statement of the import of agricultural products in China, which has undergone significant changes.According to the report of the China -Thailand Securities Research Institute, as far as the current observation, soybeans, barley, sorghum, rapeseed, palm oil, cassava dried, soybean oil, sugar, cotton, rapeseed oil, sunflower seed oil and wheat and other agricultural productsThe possibility of expanding imports in the future is relatively large.

In addition, the Standing Committee of the 13th National People's Congress of China recently held the eighth meeting decision to submit the draft foreign investment law to the 13th National People's Congress on March 5th for review, of which foreign investment mergers and acquisitions were added.Regulations for monopoly review.

The spokesperson of the Ministry of Commerce at Gao Feng pointed out that the foreign investment law will highlight the promotion and protection of foreign investment, provide legal guarantee for the promotion of higher levels of opening to the outside world, and will investigate the relevant supporting rules of the foreign investment law and create for foreign investment to create.More transparent, stable and expected.

In terms of market, the RMB against the US dollar rose at the 6.7 yuan mark on Thursday morning to a three -week high, and the middle price rose by more than 330 points to the new high of nearly three weeks.Traders said that the RMB inertia at the beginning of the presence rose slightly, and then inspired by the news of the Sino -US grass -grass trade agreement, it exceeded 6.7 yuan in one fell swoop; the offshore RMB rose to 6.69 yuan, a new high of more than seven months.

The optimistic view of the Sino -US trade agreement has been assisted in promoting the US stock market until more than two months. As the deadline for trade negotiations on March 1 is approaching, investors will have a positive way of resolving.(End)