Tuesday, 22 January, 2019

China says trade talks with United States set foundation to resolve concerns

Beijing-Washington trade talks concluded China optimistic as trade negotiations with US kick off
Lloyd Bates | 12 January, 2019, 13:13

At stake are scheduled United States tariff increase on $200 billion in Chinese imports.

The US-China trade talks with the ongoing deliberations have now entered the final rounds with senior officials from either side taking a stance. For sales going the other direction, the crunch was more immediate.

No schedule for further face-to-face negotiations was released after the talks.

Talks between the US and China on ending their tariff war were ending their second day Tuesday without word on whether they've made any progress, as an official newspaper warned not to push Beijing too hard.

Both Trump and Chinese Vice President Wang Qishan were slated to appear later this month at the World Economic Forum in Davos, Switzerland, providing an opportunity for high-level dialogue. Wall Street was set for early losses.

The US China Business Council, which represents American companies working in China, applauded the "substantive discussions" but urged both sides to make tangible progress on achieving equal treatment of foreign companies in China and changes to policies aimed at technology transfer.

"The talks also focused on China's pledge to purchase a substantial amount of agricultural, energy, manufactured goods, and other products and services from the United States", the statement, released by the Office of the US Trade Representative, said. "Uncertainty is bad for business".

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods to pressure Beijing to change its practices on issues ranging from industrial subsidies to hacking. Lu said an official statement would come later.

A Chinese foreign ministry spokesman, Lu Kang, announced that the talks had ended.

Congo candidate Fayulu denounces 'electoral coup'
The largely peaceful election faced numerous problems as many voting machines that Congo used for the first time malfunctioned. Fayulu, however, is backed by ex-rebel Jean-Pierre Bemba and former governor Moise Katumbi , two of Kabila's fiercest rivals.

N Korea’s Kim, China’s Xi discussed how to ‘jointly steer’ denuclearisation talks
China has also banned imports of textiles from the North, while several countries have an embargo on selling them luxury goods. Xi was quoted by Xinhua as saying that China supports the U.S. -China negotiations were extended another day to Wednesday.

Chelsea willing to pay £50m for Wilson
The 31-year-old is now on loan at AC Milan , but it's reported they are struggling to pay his £7.22million salary per season. The 28-year-old Wales global will join the Turin giant in the summer, ending his 10-year Gunners career.

But they are a key step before both countries' top negotiators - US Trade Representative Robert Lighthizer and Chinese Vice-Premier Liu He - can sit down to thrash out a deal.The Straits Times. Economists now see the threat of deflation in China after producer price inflation slowed sharply in December, to the weakest pace since 2016.

Beijing also faces pressure over technology from the European Union.

By year-end US growth is set to be below 2 percent "but in the near term a recession still looks unlikely", Ward said in the research.

Mike Bell, a global market strategist at J.P. Morgan Asset Management, said it was clear that USA growth will fade in 2019, while presenting the bank's "Guide to Markets" at an event in London on Wednesday. Without substantiating its allegations, the Trump administration has repeatedly accused China of "stealing" American technology, both directly and indirectly. Prior to the meeting, China made a number of concessions to US demands including temporarily cutting punitive tariffs on USA -made cars, promising to open up its markets for more foreign investment, and drafting a law to prevent forced technology transfers.

China and the U.S. "conducted extensive, in-depth and meticulous exchanges. which enhanced mutual understanding and laid the foundation for resolving issues of mutual concern", the Chinese commerce ministry said in a statement. "I don't want to comment on what that will look like".

US Commerce Secretary Wilbur Ross said Monday that China's economy was more vulnerable to the fallout from the trade war.

Even so, progress in talks signals that an interim deal that suspends new tariff hikes is possible, according to Louis Kuijs, head of Asia economics at Oxford Economics in Hong Kong.

Earlier this week, China approved five genetically modified (GM) crops for import, the first in about 18 months, which could boost its overseas grains purchases and ease USA pressure to open its markets to more farm goods.

Recommended

US Moves in Syria Irk Russia, Turkey US Moves in Syria Irk Russia, Turkey But, he added, "we also know that those are fighting alongside of us for all this time deserve to be protected as well". The Pentagon stressed it would not telegraph its troop movements or give timelines for when they may leave Syria .

Chelsea close in on Higuain deal Chelsea close in on Higuain deal They didn't respect our club". "In my opinion we need two players, but then it is up to the club". He said: "I spoke with the club and the club knows very well my opinion.

FBI investigated how Trump's actions seemed to benefit Russia FBI investigated how Trump's actions seemed to benefit Russia The Times reported that FBI investigators looked into whether Trump's actions could be considered a threat to national security. As of Friday night, the president has yet to respond to the report , one of the most damning yet in the Russia-Trump saga.

Huawei employee arrested in Poland on spying allegations Huawei employee arrested in Poland on spying allegations He said no further details would be released about the case because it is classified and the investigation is ongoing. Huawei has been scrutinized for security concerns over its involvement in the development of 5G infrastructures.

Arsenal's Ramsey set for Juventus medical on January 13 Arsenal's Ramsey set for Juventus medical on January 13 Unai Emery also appeared to confirm Ramsey would stay for the remainder of the campaign. However, Juventus are the team in pole-position for the Welshman's signature.

U.S. teen crashes driving blindfolded as ‘Bird Box Challenge’ goes viral U.S.  teen crashes driving blindfolded as ‘Bird Box Challenge’ goes viral A driver in Layton, Utah , crashed her vehicle while wearing a blindfold - a stunt inspired by the Netflix movie " Bird Box ". Sadly, some people still are still embracing the stupid, as seen by this 16-year-old motorist in the USA.

Greg Clark says Brexit uncertainty is shaking investors confidence Greg Clark says Brexit uncertainty is shaking investors confidence THERESA MAY'S Brexit plans have received a major setback after she suffered a second damaging Commons defeat within 24 hours. Instead, she has pressed ahead with a vote she looks set to lose after failing to win over her nominal Northern Irish allies.

Jose Mourinho lands first job after getting the sack at Manchester United Jose Mourinho lands first job after getting the sack at Manchester United The Red Devils informed the 55-year-old that his services were no longer required at Old Trafford on December 18 . Sacked Manchester United boss Jose Mourinho has opened the door to a return to Inter Milan and Real Madrid .

Flu season has returned Flu season has returned Health officials are urging people to get the flu shot after a 3-year-old girl died of influenza in suburban Chicago. It's also important to consider that the flu vaccine has been shown to be one of the safest vaccines available.

HTC teases wireless 'Vive Cosmos' VR headset at CES 2019 HTC teases wireless 'Vive Cosmos' VR headset at CES 2019 Building on the already existing VIVE Pro , HTC is making a minor tweak that could have significant gains for its customers. In fairness, owning a VR headset, there are more than a few sensors and cables that make using it a little bit of a faff.

Sentry Tournament of Champions, Round 3 Sentry Tournament of Champions, Round 3 In Xander Schauffele's case Sunday at the Sentry Tournament of Champions, there were actually two moments. The 25-year-old showed no signs of nerves though, hitting his approach to the par-five 18th to 11 feet.

Browns settling on offensive coordinator Freddie Kitchens as head coach Browns settling on offensive coordinator Freddie Kitchens as head coach Kitchens spent 11 seasons with the Cardinals as running backs, quarterbacks and tight ends coach before joining the Browns. The Cleveland Browns are keeping it internal when it comes to their new head coach .

Manchester United face Arsenal at the Emirates in FA Cup fourth round Manchester United face Arsenal at the Emirates in FA Cup fourth round Burton Albion have been impressive in their Carabao Cup run and are coming into the big game on a good run of results . There's been two City's at times this season .

China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute China also restarted purchases of American soybeans last month, providing relief for a crop hit by Chinese retaliatory tariffs. A man checks on his mobile phone near the main entrance gate of the Ministry of Commerce in Beijing , Wednesday, Jan. 9, 2019.

Vic Fangio to be hired as the Broncos’ new head coach Vic Fangio to be hired as the Broncos’ new head coach The next task Fangio assumed was revamping a Chicago Bears defense that ranked No. 30 after the 2014 season. Despite the experience and accolades, Fangio had hardly been considered as a head coach prior to January.