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SHANGHAI, United States (AFP) –President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai. Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets in the face of criticism that they are too cosseted by Beijing. The world community must […]
by Jenny VAUGHAN / Dene-Hern CHEN Agence France Presse BANGKOK, Thailand (AFP) — Southeast Asian leaders will race to get a sprawling China-backed trade pact over the line at a regional meeting in Thailand this weekend, as Beijing’s bruising trade war with Washington rumbles on. If signed, the Regional Comprehensive Economic Partnership (RCEP) will be the world’s largest trade pact and is seen as a way for Beijing to cement trade ties in Asia […]
by Douglas Gillison with Jing Xuan Teng in Beijing WASHINGTON, United States (AFP) — Senior Chinese and US officials again sent positive signals on Friday about their efforts to formalize the partial trade bargain announced last month, with President Donald Trump saying he may meet with Chinese counterpart Xi Jinping in the state of Iowa. Chinese Vice Premier Liu He on Friday spoke by telephone with US Trade Representative Robert Lighthizer and Treasury Secretary […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday, taking up the baton after a record close on Wall Street, with investors filled with a renewed sense of hope over China-US talks, while the pound was winning support from easing Brexit fears. Expectations for another Federal Reserve interest rate cut this week and a strong corporate reporting season were also providing a much-needed lift to confidence after a rollercoaster year on global trading floors. […]
WASHINGTON, United States (AFP) — President Donald Trump on Monday again said a trade deal is imminent with Beijing that will help American farmers hurt by retaliation in the grinding conflict between the economic powers. “We’re looking probably to be ahead of schedule to sign a very big portion of the China deal, and we will call it to phase one,” Trump told reporters. The deal will “take care of the farmers” as well as […]
HONG KONG, China (AFP) — Asian markets rallied Monday after China and the US said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while EU leaders consider extending a deadline for Britain to leave the bloc. Investors tracked a strong lead from Wall Street, where the S&P 500 flirted with another record after the US Trade Representative’s office said the top-level negotiators had held […]
TOKYO, Japan (AFP) — Japan’s new trade minister has submitted his resignation after being accused of violating election law by offering voters money and gifts, Prime Minister Shinzo Abe said on Friday. Isshu Sugawara had been in the hot seat after a magazine reported he was suspected of paying 20,000 yen ($185) to a bereaved family in his constituency. He was also reported to have given gifts to other voters, including pricey melons and […]
by Heather SCOTT and Delphine TOUITOU WASHINGTON, United States (AFP) — As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank’s chief economist warned Tuesday. Without growth “inevitably, people will struggle,” Pinelopi Koujianou Goldberg said in an interview with AFP. The US-China trade war — involving hundreds of billions of dollars in two-way trade — is at the center of global […]
NEW YORK, United States (AFP) — US President Donald Trump on Wednesday announced that the initial stage of a new trade deal with Japan had been finalized, describing it as a “phenomenal” agreement. Sitting next to Prime Minister Shinzo Abe, Trump said the leaders “formally announce the first stage of a phenomenal new trade agreement,” adding “this is a big chunk, but in the fairly near future we are going to have a lot more.” […]
by Daphne ROUSSEAU Agence France Presse BERLIN, Germany (AFP) — Chinese tech giant Huawei launches its latest high-end smartphone in Munich on Thursday, the first that could be void of popular Google apps because of US sanctions. Observers are asking whether a phone without the Silicon Valley software that users have come to depend on can succeed, or whether Huawei will have found a way for buyers to install popular apps despite the constraints. The […]
by Heather SCOTT WASHINGTON, United States (AFP) — US trade negotiators want to make “meaningful progress” in upcoming talks with China, Treasury Secretary Steven Mnuchin said Thursday, one day after conciliatory gestures by both sides boosted hopes of an eventual resolution. Mnuchin said on CNBC he is “cautiously optimistic” about chances for a deal to resolve the conflict, but Washington and Beijing will first hold talks at the deputy level to ensure senior officials who […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than half-a-trillion dollars of Chinese imports after Beijing unveiled levies on tens of billions of US […]
