The U.S. and China are reaching greater consensus on trade issues, a former official at the Chinese commerce ministry told CNBC on Thursday.
“Within the last nine months, we had three rounds of consultations; I think we have more and more consensus about it,” said Jin Xu, a former senior commerce ministry official. Jin was also previously a diplomat to the U.S., U.K. and Turkey.
According to sources who spoke to CNBC, Washington and Beijing are approaching the finish line on trade negotiations that could end later this month.
“Both countries agree to have more and more mutual understanding and also want to build much better relations for business people for the two countries,” Jin told CNBC’s Martin Soong in Beijing.
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