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Huawei expects talks with US to form part of trade deal with China

The US government will need to agree to talks with Huawei Technologies as part of a future trade deal with China, according to a senior executive of the world’s biggest telecommunications equipment supplier.Huawei has become a focal point for US-China trade tensions and is regarded by some as a bargaining chip in the negotiations.Washington’s decision to stop the Shenzhen-based company buying American technology has cut it off from vital components, such as Qualcomm chipsets and Google’s… Source link

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China 

Carrie Lam denies reports of talks with state firms on buying up Hong Kong

The Hong Kong government on Friday denied reports of plans for Chinese state-owned enterprises to step up investment and take control of major commercial assets in the city.According to various news reports, China’s state-owned asset watchdog told officials from roughly 100 of the country’s biggest state firms to invest in real estate and tourism projects that would create jobs and stabilise financial markets in Hong Kong, helping to calm unrest in the city.The reports said the State-owned… Source link

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China 

China should continue using food imports as chip in US trade talks, says former leading agriculture negotiator

China should diversify its imports to secure the food supply for its 1.4 billion people, but should continue to use purchases of US farm products as a “countermeasure” in the trade negotiations, according to a former leading agriculture negotiator.Cheng Guoqiang, who was part of China’s agriculture negotiations team that led to the country joining the World Organisation in 2001, joins a chorus of voices who say that Beijing should never compromise on food security in trade talks with Washington… Source link

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China 

Steven Mnuchin says currency will be a focus of next round of China talks

This story is published in a content partnership with POLITICO. It was originally reported by Adam Behsudi on politico.com on September 9, 2019.US Treasury Secretary Steven Mnuchin said China’s currency practices will be a topic of conversation when high-level officials from Beijing arrive in Washington early next month for another round of trade talks.“I expect the governor of the People’s Bank of China to come over for these talks,” Mnuchin told reporters on Monday. “So part of the… Source link

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Global 

China offers to make US farm purchases as officials prepare for trade talks

China made a peace proposal in a phone call this week with top US trade officials with an offer to buy a modest amount of US agricultural goods, according to two people briefed on the call.That offer, however, could be contingent on the United States easing export restrictions on Chinese tech giant Huawei and delaying an October 1 tariff escalation on roughly US$250 billion in goods, the people said.Depending on how negotiations proceed, US President Donald Trump is also considering delaying… Source link

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Global 

Could US-China talks lead to a deal? Don’t count on it before 2020

This story is published in a content partnership with POLITICO. It was originally reported by Adam Behsudi on politico.com on September 6, 2019.Even as senior trade officials prepare to meet in early October for yet another round of trade talks, escalating tariffs, heated rhetoric and stringent economic policies all indicate that the two powerful economies are digging in rather than approaching a detente.“Although there are potential mutually acceptable compromises on each of the issues that… Source link

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Stocks Blog: US stocks rally on US-China trade talks progress, strong economic data

Good day, traders, and welcome to the last day of a very wild week in Hong Kong markets! We will keep you up on the news and moves in mainland and Hong Kong markets. If you have any questions or feedback, please shoot them to deb.price@scmp.com. Also, after numerous requests, we are going to try to send the blog out each day via email. If you’d like to be on the list and part of this trial, please shoot Deb a note. — Zhang Shidong and Deb Price    Source…

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China 

China-US trade war talks to resume in early October as global growth outlook dims

China said it would strive to make substantial progress to resolve the trade war with the United States when the countries’ negotiators resume face-to-face talks in Washington in early October, with the year-long conflict prompting private sector economists to cut their 2020 growth forecasts.The Ministry of Commerce made the pledge after Chinese Vice-Premier Liu He and the US’ Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke on the phone on Thursday, their… Source link

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US, China must restart talks to end trade war, ensuring global semiconductor supply chains remain intact

The United States and China will need to return to the negotiating table and seek an end to their trade war, which would help spur more advances to be made in the highly interdependent field of semiconductors.“This is now a global industry, with everyone dependent on everyone else with these amazing, sophisticated supply chains,” said John Neuffer, president and chief executive of the Semiconductor Industry Association (SIA), at the IC China conference in Shanghai on Tuesday. “It’s very clear… Source link

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Stocks Blog: Concerns about trade talks, protests likely to continue to weigh on Hang Seng

Good day, traders — Well, the buzz is that Washington and Beijing aren’t finding it easy to set up their next trade talk meetings. That after both sides set into motion new tariffs on Sunday. Meanwhile, on the protest front, Reuters got hold of a recording of Hong Kong leader Carrie Lam telling businesspeople she’d quit, if she could, and said her “political room for maneuvering is very, very, very limited.” So, it sure doesn’t look like a big breakthrough to end the protests is near. The… Source link

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