Report from the South China Morning Post
China and the US remain far apart on structural reforms like equal market access and intellectual property protection, according to the South China Morning Post.
Despite that, there are positive signs:
In the latest round of talks underway in Beijing, both sides also are discussing the possibility of the US' removing the 10 per cent punitive tariffs it has imposed on US$200 billion of Chinese products, while leaving the 25 per cent tariffs on US$50 billion of Chinese products unchanged, two sources said.
That is framed as something the US would need to give before China moves on IP, expanding access to its markets and reducing state subsidies.
Another interesting tidbit is that China proposed a parallel dialogue about Huawei CFO Meng Wanzhou.
Generally, this report is in line with other leaks today but there is more optimism on a way forward.
