Trade expert William Reinsch of the Center for Strategic and International Studies suggested that the length of this week's Sino-US economic and trade talks in London may indicate difficulties in negotiations. "Trump is very concerned about whether his team can return with something he can boast about, while China seems to be sticking to its position."

This former senior US trade official said, "That said, I expect some kind of agreement will eventually be reached. You can be sure that he will say it was a great success, regardless of what's in it."

Josh Lipsky, chairman of the Atlantic Council's International Economics, said that the extension of this week's talks may mean more detailed discussions will take place, which should be seen as a positive factor. However, he warned not to expect major breakthroughs this week.

Dexter Roberts, a non-resident senior fellow at the Atlantic Council's Global China Center, said that the U.S. decision to lift some technology controls "will largely be seen by China as a victory." Until recently, the possibility of lifting any restrictions was almost unimaginable for the U.S. side.

An editorial published by Xinhua News Agency on Monday, titled "Following Global Practices, Fulfilling Major Country Responsibilities - China's Regulation of Rare Earth Exports Is Reasonable and Legal," stated that under the deepening of Sino-US economic and trade frictions and the irrational blockade in key technology fields, China's strengthened strategic resource management could easily lead to speculation. If this is misinterpreted as a "bargaining chip" in short-term games, it actually belittles the strategic height of China's policies.

The Xinhua Comment pointed out that China's regulation of rare earths is a prudent decision based on international norms, domestic industrial sustainable development needs, and the fulfillment of major country responsibilities, considering multiple factors including international legal principles, domestic governance, and global responsibilities. China expects an international cooperation environment based on rules, openness, and inclusiveness, rather than a zero-sum game of vicious cycles. Instead of falling into anxiety over "decoupling and breaking chains" or being mired in the "strategic weapon" myth, efforts should be made to better understand and adapt to China's new governance rules.

Original article: https://www.toutiao.com/article/1834595266231690/

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