China's Xi renews pledges to open economy

10 April, 2018, 19:43 | Author: Terri Saunders
  • U.S.  China Trade War or Tit for Tat

According to Xi, Chinese authorities will also take a number of steps to facilitate access of foreign investors to the market of the country, particularly in such spheres as service sector, banking sector, insurance, shipbuilding and aircraft industry among others.

As the volley of retaliatory measures between the world's two largest economies continued last week, markets fell as a trade war between the U.S. and China became increasingly likely.

Trump tweeted on Sunday that him and China President Xi Jinping "will always be friends, no matter what happens with our dispute on trade".

China said it was not afraid of a trade war, even though it did not seek one, and accused the United States of provoking the conflict.

If the Trump administration wins some concessions from China in the latest trade dispute, it could be a boost to USA -based multinationals.

USA stocks also were affected this past Monday by Trump's new verbal attack on giant online retailer Amazon.

At the same time, Chinas' foreign ministry spokesman Geng Shuang told reporters Washington was not engaging with a view to avoid an outright trade war. "We are fairly close on Nafta and if we don't make the right deal we'll terminate Nafta and we'll make the right deal after that", the president said. In announcing a plan earlier this month to slap new levies on $50 billion of Chinese goods, the White House singled out items in biomedicine, aerospace, new-energy vehicles and others, mainly key components in a government initiative known as "Made in China 2025". However, Trump said he was not anxious about the markets because he believes the United States will benefit in the long term.

Earlier in the day, Trump tweeted about the "STUPID TRADE" with China, saying that when a Chinese-made vehicle is sent to the us, the tariff is only 2.5 percent, while American cars exported to China are slapped with a 25 percent tariff.

Man held over 'plot to attack Berlin half marathon'
On Sunday police said they arrested the man and five co-conspirators and foiled an alleged plot meant to inflict horror. The local daily Tagesspiegel reported that the main suspect had been under observation for two weeks around the clock.

A Chinese-made robot lifts goods during the World Robot Conference in Beijing in August 2017.

USA companies invested $14 billion in China past year, an increase of about $200,000 from 2016, bringing cumulative investment in the country to $256 billion, according to one of two studies released Tuesday by the National Committee on U.S.

Chinese state researchers and media talked down the likely impact of USA trade measures on the world´s second largest economy and described the Trump administration´s posturing on trade as the product of an "anxiety disorder".

On Thursday night, Trump called for another $100 billion in tariffs, which prompted the Chinese to vow to "fight back at any cost", a sign that the trade disputes will continue to hang over markets, unless either party balks in this high-stakes game of chicken.

"There's nothing in trade law or trade customs to suggest that countries should have the same size tariff for each other's exports of the same good", Deardorff said.

Overtures by the administration of U.S. President Donald Trump towards strengthening ties with the island have ratcheted up the tension.

"We're cautiously bullish here", said Dan Hussey, a market strategist at RJO Futures in Chicago. Canada, Mexico and Japan were the top exporters of cars to the U.S. He argued that the situation could be a "win-win" for China and the U.S. if Beijing opens up its economy.

China's media, which is strictly controlled by the government, has come out in defence of the country, painting it as a victim of a too aggressive United States bent on taking illegitimate unilateral action.


  • N. Korea summit will be in May or early June

    N. Korea summit will be in May or early June

    Among them, Pyongyang demanded that the United States declare it will not launch American nuclear weapons from South Korean soil. Hopefully it'll soon be considered a relationship that'so much diverse from it's been around for many , many decades.
    Narrow escape: Train without engine travels 12 km in Odisha

    Narrow escape: Train without engine travels 12 km in Odisha

    The train travelled from Titlagarh station in Balangir district to Kesinga station in Kalahandi district. The incident took placed at around 10 pm on Saturday at Titlagarh , 400 km from Bhubaneswar .
    Marquez: Mistakes Were Made

    Marquez: Mistakes Were Made

    Dynavolt Intact GP's Marcel Schrotter claimed tenth, which means the team now sit top of the Teams Championship after two rounds. This left Miller's Ducati GP17 the only bike on the grid in his well-earned pole position.
  • Lou Dobbs: I'd fire Mueller 'in three seconds' if it were me

    Lou Dobbs: I'd fire Mueller 'in three seconds' if it were me

    We'll see what happens, but I think it's really a sad situation. "And many people have said , 'You should fire him'". Mueller's interest in Pinchuk stands out as the Ukrainian does not have any known ties to the Russian government.
    Abbott Pledges More Troops To The Border; New Nasher Sculpture Prize Winner

    Abbott Pledges More Troops To The Border; New Nasher Sculpture Prize Winner

    The Arizona National Guard said in statement that 225 troops will be deployed to the border Monday and another 113 on Tuesday. Apprehensions are nonetheless correctly beneath their historic traits all through the phrases of former presidents George W.
    Bogdanovic scores 28 as Pacers beat Warriors

    Bogdanovic scores 28 as Pacers beat Warriors

    Golden State started the fourth on a 10-0 run, cutting the deficit to 10, but IN answered with seven straight to make it 104-87. He was released from a hospital Sunday after preliminary tests showed no structural damage or problems with his nervous system.
  • Lynn returns in Knight Riders victory

    Lynn returns in Knight Riders victory

    As many as 16 runs were leaked in the final over by Vinay Kumar who had a forgettable comeback for KKR . AB de Villiers is the most complete batsman of his time, one who can play shots in every direction.
    PNB fraud: CBI court issues warrants against Nirav Modi, Mehul Choksi

    PNB fraud: CBI court issues warrants against Nirav Modi, Mehul Choksi

    The agency has also summoned an official who handled foreign exchange transactions in the Hong Kong branch of Allahabad Bank. The government has claimed to have tracked Modi in Hong Kong, where it has sent a request for his provisional arrest.
    Facebook Messenger Monitors Users' Messages, But For Good Reason

    Facebook Messenger Monitors Users' Messages, But For Good Reason

    For some odd reason, 720p video can't be captured using the in-app camera because it's being kept at a lower resolution. Facebook Messenger users across the globe can send 360-degree photos in the app on both iOS and Android.
  • Black Panther first film shown in Saudi Arabia after 35 years

    Black Panther first film shown in Saudi Arabia after 35 years

    This weekend the film passed director James Cameron's " Titanic " becoming the third highest-grossing US film of all time. It is now behind only Star Wars: The Force Awakens and Avatar , the no. 1 and no. 2 movies respectively.
    Facebook has suspended Canadian data firm AggregateIQ

    Facebook has suspended Canadian data firm AggregateIQ

    After the scandal emerged, a Maryland woman filed a federal class-action lawsuit against Cambridge Analytica and Facebook . The social media giant is investigating if AggregateIQ (AIQ) improperly received data from its users.
    City celebrations would have been like a death: Pogba

    City celebrations would have been like a death: Pogba

    Not just for today but all the season, but especially the atmosphere they created today was fantastic . After we win, we win collectively and after we lose, we lose collectively.


CWG 2018: India script history, win first gold in women's table tennis
Satwick and Ashwini Ponnappa, who despite being pushed, notched up a 21-14, 15-21, 21-15 win over Peng Soon Chan and Liu Ying Goh. So far, India have won five golds, two silvers and two bronze medals out of their 13 overall medals just in this sport.

Giants coach plays it cool with Odell Beckham's arrival
I'm just gonna worry about trying to get each and every player, each and every coach as good as they can be, and I'll focus on that part of it".

Rudiger blames Antonio Conte for Chelsea draw against West Ham United
For much of the first half, the east Londoners did look second best, with Chelsea seemingly more risky with every attack. However, Hernandez, on as a substitute, struck his ninth career goal against the Blues to earn a point for the Hammers .

Israeli war planes struck Syrian air base, says Russian military
Haley castigated Russian Federation for backing Syria, saying that "Russia's hands are covered in the blood of Syrian children". The attacks were launched on the country's T4 military base and Syrian officials suspect American involvement in the attacks.

'Withdrawal from nuclear deal will harm US'
Rouhani was speaking as Tehran marked National Nuclear Technology Day. Many believe the United States will withdraw from the deal.

National Guard deployed to Texas-Mexico border within 72 hours
In Obama's border deployment, Guard troops were limited to advisory and observer roles, serving as extra eyes and ears for U.S. Earlier this week, President Trump announced an initiative to send members of the National Guard to the U.S.

WWE Punishing Alicia Fox for Incident with Ronda Rousey's Husband?
Travis is heard defending himself, but a woman steps in and lets Fox know she's being filmed. "And I can't believe you". However, the latest report suggests Fox was kept out of the match because she wasn't medically cleared.

Wrestlemania 34 Preview and Predictions
Asuka won the first women's Royal Rumble match and later chose to challenge the WWE SmackDown Women's Champion Charlotte Flair . Rousey later chose Stephanie as her first opponent but the match got bigger when Triple H attacked Angle for what he had said.

CM Punk is Mayweather's Only Option in UFC
But it seems there might be a few more details to be thrashed out with White insisting that Showtime and CBS not be involved. Mayweather, however, did not give any details about who he might seek to fight.

What to Know About Trump's New Sanctions Against Russia
Shares in aluminum producer Rusal were down 2.2 per cent on Moscow's exchange after the company was named on the sanctions list. Rosoboroneksport, a state-owned weapons trading company, which the USA says has long-standing ties with the Syrian government.