China 

US trade war negotiators likely to visit China next week for first face-to-face talk since G20, source says

US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are likely to fly to China next week for the first face-to-face talks since President Xi Jinping and US counterpart Donald Trump agreed to a trade war ceasefire at the end of June, according to a source who is familiar with the matter.The initial arrangements for the meeting in Beijing, according to the source who declined to be identified, came after the United States announced that it would… Source link

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Global 

Donald Trump accuses China of ‘letting us down’ by not keeping G20 promise to buy US farm goods

US President Donald Trump is accusing China of “letting us down” by not promptly buying more US farm products.“They have not been buying the agricultural products from our great Farmers that they said they would,” the president said on Twitter. “Hopefully, they will start soon.”After meeting with Chinese President Xi Jinping late last month, Trump said China had agreed to buy more US agricultural products as part of a ceasefire in the two countries’ trade war.The truce suspended US plans to… Source link

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China 

Donald Trump pushed Xi Jinping to commit to buying US farm goods at G20, but Xi avoided firm pledge

In the 80-minute summit between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Osaka last month, Trump pushed for a Chinese commitment to make large-scale purchases of US agricultural products.However, Xi made no specific commitment during the meeting, according to a source who was briefed on the high-stakes meeting, and no purchases have been recorded in the week since.This account reflects the diverging statements made by each side… Source link

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Home 

Despite Trump and Xi’s G20 handshake, trade woes will remain a drag on markets, especially in Asia

Trade concerns will continue to plague markets for the rest of 2019 and well beyond. This is not only the result of the US government’s shift towards more protectionist policies, but also due to the effects of slowing global growth on international trade.Setting aside the US-China trade dynamic – but only momentarily, as this situation is one of the most important considerations when making asset allocation decisions this year – markets care about trade because of what it signals for business… Source link

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China 

G20 Osaka: with US vs China on centre stage, an opportunity for Indonesia’s Widodo

The decision by Indonesia’s Constitutional Court this week to uphold the result of April’s presidential race comes at a perfect time for President Joko “Jokowi” Widodo.Its rejection of claims by losing candidate Prabowo Subianto that the vote was marred by “structured, systematic and massive” electoral fraud sends both a message that Indonesia remains committed to democracy and the rule of law and a positive signal to markets after a long and sometimes-controversial election process.It also… Source link

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China 

China welcomes ‘actions that avoid US trade war dispute escalation’ ahead of Trump-Xi G20 meeting

China’s welcomes “actions that are helpful for managing differences and avoiding trade dispute escalation”, according to the Ministry of Commerce spokesman, in response to a South China Morning Post report that a truce in the trade war with the United States has been agreed ahead of this weekend’s G20 summit meeting between Xi Jinping and Donald Trump in Japan.According to three sources – one in Beijing and two in Washington – details of the agreement are being laid out which would lead to a… Source link

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Home 

Stocks Blog: US-China tentatively agree on trade truce ahead of G20, sources tell SCMP

Good day traders — Looks like we have a trade war truce. Trade talks will resume aimed at resolving the dispute by the end of the years, sources tell the SCMP.  We’ll be covering the mainland and Hong Kong markets closely for you. If you have any questions, please send them to deb.price@scmp.com . — Georgina Lee and Deb Price  Source link

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China 

Trade war: US and China agree tentative truce before G20 summit

This story is part of an ongoing series on US-China relations produced jointly by the South China Morning Post and POLITICO, with reporting from Asia and the United States.The US and China have tentatively agreed to another truce in their trade war in order to resume talks aimed at resolving the dispute, sources familiar with the situation said.Details of the agreement are being laid out in press releases in advance of the meeting between Chinese President Xi Jinping and US President Donald… Source link

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Home 

With globalisation under threat, G20 leaders must consider three factors to prevent the summit from becoming Groundhog Day

Will the latest G20 meeting in Japan turn out to be just another Groundhog Day with the same old platitudes by the same old elites? To prevent this, leaders must consider three factors during their meetings.First, the potential for and occurrence of deglobalisation, and its echoes in history. There have been several earlier “waves” of globalisation, including a succession of empires, the opening up of sea routes and the famed Silk Road.While Immanuel Wallerstein’s “world systems theory” argues… Source link

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Global 

Xi-Trump talks at G20 unlikely to end trade war, warn Bank of America Merrill Lynch, Barings

Two major international financial institutions have joined a growing chorus of voices urging investors not to be too optimistic about a significant deal between the US and China being reached this weekend.Analysts at Bank of America Merrill Lynch and Barings, a global asset manager, said it is unlikely trade tensions between the world’s two largest economies will be fully resolved at a meeting between the countries’ leaders at the Group of 20 summit.As the trade war uncertainty and its ripple… Source link

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