Further comments by China's vice finance and commerce ministers
- Impossible for China alone to cut its surplus with the US
- Deficits are determined by market forces, not governments
- US needs to keep huge trade deficit to maintain payment position of USD
- China will not give in to any external pressure
They're also downplaying the "Made in China 2025" plans, saying that the initiative are merely guidelines, not requirements - saying that it is open to US companies as well.
It's pretty clear that the US doesn't feel the same way about that.
