Thursday, 16 August, 2018

China vice premier to visit United States for more trade talks

China's trade surplus with the US actually grew in April despite Trump's tough talk World shares mixed as Trump decision on Iran deal approaches | The Modesto Bee
Jay Anderson | 09 May, 2018, 00:53

China's exports recovered at a faster than expected pace in April and imports growth accelerated notably, data from General Administration of Customs revealed Tuesday.

High-level discussions between the two sides in Beijing last week appeared to make little substantive progress in defusing tensions apart from an agreement to hold more talks.

"The core of the U.S. position is that China become a genuine market economy on an expedited schedule and that the United States reserves the right to be judge and jury in determining compliance", Scott Kennedy, senior fellow at the Center for Strategic and International Studies, wrote in a commentary about the talks.

A Reuters report citing sources said China had offered to buy more United States goods and lower tariffs on some goods, including cars.

China's move to higher-value exports is clear, with shipments of lower-end products, such as shoes and apparel, declining year-on-year, but its strategic tech sector is firmly in the crosshair of the White House.




The row has fuelled worries about a trade war between the economic superpowers that has the potential to hammer the global economy. In addition, the USA president wants sharply lower import tariffs for U.S. goods and a cut in Chinese state subsidies for advanced technologies.

In the first four months of the year, China's surplus with the U.S. totalled USD80.4 billion, a 13% increase over the same period last year.

China's trade surplus with the USA totaled $80.4 billion in January-April, up from $50 billion in the same period a year ago. For January-April, it rose to US$80.4 billion, compared with about US$71 billion in the same period previous year. Its imports from the USA rose 11.6 per cent in the same period.

Imports grew 21.5 per cent on-year, beating analysts' forecast of 16 per cent growth, and accelerating from a 14.4 per cent rise in March.

China's top economic adviser will visit the United States next week to continue discussions on the ongoing trade dispute between the two nations after talks in Beijing failed to produce a breakthrough to avert a possible trade war.

Recommended

New Orleans Pelicans at Golden State Warriors Free Preview 05/08/18 New Orleans Pelicans at Golden State Warriors Free Preview 05/08/18 That was evident on Sunday, as Golden State totaled 28 assists, right in line with its regular season and playoff averages. Quinn Cook played the best postseason game of his career on Sunday, playing actual meaningful minutes off the bench.

Red Sox, Yankees to play Major League Baseball games at London Stadium in 2019 Red Sox, Yankees to play Major League Baseball  games at London Stadium in 2019 Boston will be the home team for both of MLB's first games in Europe on June 29 and 30, 2019. And Mayor Khan was equally confident that the matches would not rain on the World Cup parade.

Revolution sweeps Armenian opposition leader Pashinyan into power Revolution sweeps Armenian opposition leader Pashinyan into power In Tuesday's vote, some Republicans switched sides, and Pashinyan won the backing of 59 lawmakers, with 42 voting against him. After the plebiscite, thousands of opposition supporters rallied against alleged mass violations at polling stations.

Fitbit quick replies and women's health tracking now available Fitbit quick replies and women's health tracking now available Fitbit announced that it is adding a new feature to help women track menstrual cycles called female health tracking. Update to the latest version of the Fitbit app ( iOS and Android ) to check out the new features.

Amal Clooney wears trousers on the fanciest red carpet of the year Amal Clooney wears trousers  on the fanciest red carpet of the year Here is a list of 10 celebrities who have shocked us with their previous appearances and we are sure will do it again this time. Last year, she wore a very strappy dark costume that seemed to have walked straight out of an early 19th century Gothic novel.

May is Skin Cancer Awareness Month May is Skin Cancer Awareness Month That's why it's important that you have a trained professional look at your skin, even in places that the sun doesn't reach. Doctors have discovered around 20-percent of participants with skin abnormalities in the last four years.

DHS to prosecute all illegal border crossings, potentially separating families DHS to prosecute all illegal border crossings, potentially separating families The new policy is being implemented with the goal of a 100% prosecution rate for all that enter the US illegally, officials said. Homeland Security Secretary Kirstjen Nielsen viewed Calexico's replacement border barrier project on April 18.

The Hill: Trump won't attend opening of new US Embassy in Jerusalem The Hill: Trump won't attend opening of new US Embassy in Jerusalem Jerusalem is the eternal capital of the Jewish People and now, the world will begin to recognize this. Embassy road signs went up in Jerusalem on Monday.

Lava Destroys Dozens of Homes in Hawaii Lava Destroys Dozens of Homes in Hawaii At least nine homes have now been destroyed, Hawaii County officials said. "Please, the residents of Leilani need your help". Areas like Nanawele Estates, Leilani Estates and the coastal area of Kapoho could be affected by the volcanic eruption.

Mourinho eyes Willian if Chelsea want Martial Mourinho eyes Willian if Chelsea want Martial Manchester United are set to lose Martial this summer with the forward exhausted of Mourinho's treatment of him. Chelsea will attempt to prise Anthony Martial away from Man Utd in the summer, as per reports.

Scotland's weather: Temperatures to rival Ibiza on bank holiday Monday Scotland's weather: Temperatures to rival Ibiza on bank holiday Monday Temperatures will reach between 16 and 18 degrees in most parts of the county, although it will be cooler near coasts. Tuesday will remain warm before temperatures ease and showers begin to hit the United Kingdom during the week.

Instagram starts trialling in-app payments Instagram starts trialling in-app payments Native payments will make this redundant, and allow for the whole purchase process to take place on Instagram itself. On this recent update, there will be a "Shop Now" button directing users to the product page on the brand's store.

Chelsea entertain Liverpool in race for the top four Chelsea entertain Liverpool in race for the top four We should see Bakayoko starting, together with Olivier Giroud , in a mission to exploit Liverpool's defensive fragilities. Antonio Conte is happy that Chelsea are still "fighting until the end" after a hard season for last season's champions.

Giuliani dismisses his own statements as 'rumour' he defends Trump Giuliani dismisses his own statements as 'rumour' he defends Trump On the first point, Giuliani told host George Stephanopoulos that Trump didn't have to comply with a subpoena from Mueller. Giuliani's latest interview comes after days of conflicting statements about the investigations into the president.

Yankees Win for 14th Time in 15 Games, Aided by Indians' Mistakes Yankees Win for 14th Time in 15 Games, Aided by Indians' Mistakes The Yankees have won eight of their last nine against a right-handed starter and eight of their last nine against a winning team. Cleveland fielders have committed three errors over their last five games, compared to zero errors for NY over its last five.