Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 24, 2018. REUTERS/Jason Lee
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A top Chinese official warned Sunday that a "trade war" would harm all sides but gave no indication of Beijing's possible next move in a spiraling dispute with President Donald Trump over steel and technology. Speaking to global business leaders at a development forum, Vice Premier Han Zheng appealed for cooperation to make economic globalization "beneficial for all". Han appealed to other governments to "cooperate with each other like passengers in the same boat" and "make economic globalization more open, inclusive, balanced and beneficial for all".However, he also emphasized that China's income per person still is low, suggesting Beijing is unlikely to offer concessions to Washington.Washington accuses China of flooding global markets with unfairly low-priced steel and other goods and stealing or pressuring foreign companies to hand over technology.At a conference on "the challenge of global inequality" ahead of the economic forum, Laurence D. Fink, the CEO of asset manager BlackRock Inc., pointed to the fall in global financial markets and appealed to the two governments to avoid a "public fight".
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