China and U.S. to hold trade talks in Beijing next week

Screenshot  CNN

China and the United States will hold vice ministerial-level trade talks in Beijing on January 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.

The U.S. accuses China of deploying predatory tactics in a drive to surpass America's technological supremacy.

Donald Trump and Xi Jinping had agreed to a 3-month cease fire amid rising trade tensions. "Another is that, according to USA customs data, it is not just the United States products that China imposed its retaliatory tariffs on that have seen weakening export growth to China, but U.S. exports to China have seen some softening across the board". -China trade war, investors in the USA markets are worrying about rising interest rates and a wobbly US real estate market. Yet those very pressures, analysts say, give the two countries a stronger incentive to make peace.

Gerrish is close to Robert Lighthizer, the United States trade representative, and the official most in favour of using the trade war to punish China.

U.S. and China have exchanged tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade.

Hassett said Asian economies including that of China have been slowing quite a bit since last spring and that China is "feeling the blow" of US tariffs.

Читайте также: Manny Machado has an offer on the table

The U.S. and Chinese governments both have expressed interest in a trade settlement but give no indication their stances have shifted. For 2018, the Dow Jones Industrial Average - America's highest-profile stock market benchmark - fell almost 6 per cent, its worst performance since 2008.

Chinese economic growth fell to a post-global crisis of 6.5 percent in the quarter ending in September.

The U.S. manufacturing sector has begun to slow, and the Institute of Supply Management's survey of corporate purchasing managers on Monday showed the largest monthly decline since the depths of the recession in December 2008. Those ambitions cut to the heart to China's drive to become the world's 21st century economic superpower.

Beijing last month said that negotiations would start by focusing on agricultural goods, energy and automobiles.

Both governments face economic pressure to reach a settlement.

Those familiar said other U.S. attendees include Mr Gil Kaplan, Undersecretary of Commerce for International Trade; Mr Ted McKinney, Undersecretary of Agriculture for Trade and Foreign Agricultural Affairs; and Ms Merry Lin, director for global and Asia economics at the National Security Council.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

Hot News

isis-killer-beheading-video-story-top Apple Faces Potential Investor Lawsuit for Not Warning of Weak iPhone Demand
Янв 07, 2019 - 01:12
Apple's stock had fallen 32 percent from an October peak to its close of $157.92 Wednesday amid growing concerns about the iPhone. Apple's announcement suggests corporate earnings estimates may be too lofty given challenges facing the global economy.

isis-killer-beheading-video-story-top Dwyane Wade Marvels at James Harden’s Greatness via Social Media
Янв 07, 2019 - 01:01
I get to the basket, aggressive, I shoot my shot.Don't foul me on my jump shot. "That's what we need to focus on". The only player to have converted more of those attempts than Harden? "I've got the total package", Harden said.

isis-killer-beheading-video-story-top Xiaomi folding smartphone allegedly exposed in video leak
Янв 07, 2019 - 00:25
The foldable smartphone becomes a big tablet (around 8-inch), and the device becomes a compact smartphone after folding. Apple has also reportedly registered a patent which tends to portray the design resembling a foldable smartphone only.

isis-killer-beheading-video-story-top Productive Or Contentious? Trump And Democrats Diverge On Shutdown Meeting
Янв 07, 2019 - 00:08
Hopefully we're going to have a lot of things we can get done together and I think it's actually going to work out, said Mr Trump. It has affected hundreds of thousands of federal workers who have either been furloughed or have had to work without pay.

isis-killer-beheading-video-story-top U.S. urges citizens to exercise `increased caution` on China travel
Янв 07, 2019 - 00:08
Diplomatic tensions between Canada and China have escalated since Meng's arrest on December 1. Travel to China is getting risky for US citizens - especially those with dual U.S.

isis-killer-beheading-video-story-top Slightly Mad Studios Mad Box Console Promises VR and 4K Gaming
Янв 05, 2019 - 01:15
Bell believes that they can ship the Mad Box at a level competitive with the launch prices of other home consoles. Bell explained that the console will dethrone the Xbox One X as the most "powerful console ever built".

isis-killer-beheading-video-story-top Saudi prosecutor seeks death sentences as Khashoggi murder trial opens
Янв 05, 2019 - 01:09
Saudi Arabia's public prosecutor has said Khashoggi's alleged killers planned his death three days in advance. At least five people are facing the death penalty over the murder of Saudi journalist Jamal Khashoggi.

isis-killer-beheading-video-story-top New Horizons reveals Kuiper Belt object is a contact binary
Янв 05, 2019 - 00:44
NASA has released the first high-definition images of Ultima Thule - a 20-mile long space rock, a billion miles beyond Pluto . Olkin said the initial data will focus on specific bands that could help scientists identify water ice or other volatiles.

isis-killer-beheading-video-story-top China's Lunar Landing May Mean Potatoes And Flowers Grow On The Moon
Янв 04, 2019 - 20:18
But because the moon spins on its axis at exactly the same rate as it orbits Earth, one side remains permanently out of view. This also explains why there are so much more craters on the far side - they haven't been covered by basaltic eruptions.

isis-killer-beheading-video-story-top New Democratic congresswoman Rashida Tlaib makes profane vow about Trump
Янв 04, 2019 - 20:11
McAdams said he thinks Democrats will be willing to make a deal if everyone can agree to call it a "barrier" and not a "wall". In the op-ed, Tlaib alleges, without evidence, that Trump "has committed impeachable offenses".

isis-killer-beheading-video-story-top National Football League announces Patriots' playoff date and time
Янв 04, 2019 - 19:49
They have not been very good on the road (4-4), allowing an average of 25.8 points per game in their past four away games. The Colts and Texans split their two matchups in the 2018 regular season, with each team stealing a road victory.

isis-killer-beheading-video-story-top Saoirse Ronan to present at Golden Globes
Янв 04, 2019 - 19:44
Oldman won the Golden Globe previous year for best performance by an actor in a motion picture for "Darkest Hour". Andy Samberg and Sandrah Oh discussed how much political content there would be at the Golden Globes .

isis-killer-beheading-video-story-top IPhone owner considers legal action after alleged explosion
Янв 03, 2019 - 01:33
However, it seems Apple's super-premium smartphone isn't without its issues. In addition, a smoke with colors between yellow and green began to emerge.

isis-killer-beheading-video-story-top Winning $425M Mega Millions ticket sold on Long Island
Янв 03, 2019 - 01:32
The numbers have been announced in Tuesday's Mega Millions drawing, with a jackpot of $425 million at stake. CNN has reached out to the New York Lottery for additional information on where the winning ticket was sold.

isis-killer-beheading-video-story-top Donald Trump lacks character in leading 'divided nation', claims Mitt Romney
Янв 03, 2019 - 01:30
But Romney said that once in Congress, he intends to defy Trump should he say any hateful, racist, or dishonest comments. Jeff Flake , who clashed with Trump but ultimately opted to leave office after Trump's base in his state abandoned him.