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China applauds ‘positive’ Donald Trump tweet, hopes for US trade war deal ahead of Washington talks

Chinese President Xi Jinping urged for a “mutually beneficial” trade deal in this week’s talks when he met US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Beijing on Friday, according to Xinhua. Photo: Xinhua Source link

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China 

Donald Trump says US-China trade talks were ‘very productive’ after briefing

US President Donald Trump received an update on the US-China trade talks on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal. Trump, at his Mar-a-Lago club, was briefed in person by US Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, White House Chief of Staff Mick Mulvaney and trade expert Peter Navarro, White House spokeswoman Sarah Sanders said. Treasury Secretary Steven Mnuchin, economic adviser Larry Kudlow and other aides joined by phone. The White House offered no…

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Hong Kong stocks open higher as Trump hints at trade truce extension and prospect of ‘real deal’ with China

Hong Kong stocks opened higher on Wednesday, mirroring the gains seen overnight in the US after President Donald Trump hinted he may be prepared to let the looming deadline for Chinese trade negotiations slide. The benchmark S&P 500 index rose by more than 1 per cent yesterday. The Hang Seng Index was trading at 28,206.12, up 0.12 per cent or 34.79 points, on Wednesday morning. The gains in Hong Kong were in line with the benchmark indexes in Japan and Korea, where the Tokyo Nikkei 225 was up 1.33 per…

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US stocks surge on optimism about deal to end China trade war, after Trump suggests he might let tariff deadline ‘slide’

US stocks marched higher on Tuesday amid renewed optimism over the potential for a trade deal between the US and China. Technology, financial and health care stocks powered much of the rally, which gave the benchmark S&P 500 index its biggest gain this month and capped a three-day winning streak. The wave of buying also drove a 372-point gain for the Dow Jones Industrial Average, ending the average’s four-day run of losses. US President Donald Trump said Tuesday that he might let a March 2 deadline slide in trade talks…

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Trump signs order prioritizing artificial intelligence research amid looming China ambitions

President Donald Trump signed an executive order Monday directing the U.S. government to prioritize artificial intelligence in its research and development spending, the White House said. The order, which comes amid concerns about China’s ambitions to dominate the sector and the likelihood of disruption for workers as the technology automates millions of jobs, doesn’t outline specific funding goals, but says it aims to ensure that AI develops in a manner that reflects U.S. values and to push training for the future workforce. Is China really snapping at the heels of…

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Hong Kong stocks slide after Trump says he won’t soon meet with Xi, latest medical scandal emerges out of China

The first trading day in Hong Kong of the Year of the Pig opened without delivering the bacon, as stocks slid on downbeat news about the latest medical scandal out of mainland China as well as worries about trade talks and global growth. The Hang Seng Index dropped 1.01 per cent, or 282.02 points, to 27,708.13 at the open on Friday, while the Hang Seng China Enterprises Index shed 1.43 per cent, or 157.72 points, to 10,878.70. All sub-indexes were negative. Pharmaceuticals dragged the Hang Seng down on the heels…

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China 

China could be a big winner if Trump restricts US uranium imports, experts say

China could be a big winner if the Trump administration demands that 25 per cent of United States’ uranium demand is supplied by American mines, experts say. Currently both the US and China import more than 90 per cent of the uranium they consume. The US is, however, considering a 25 per cent domestic production quota for national security reasons. This would make an extra 4.5 million kg of uranium available on the global market, at a time when Chinese uranium buyers are scouring the globe for more purchases. “China…

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Donald Trump and Xi Jinping unlikely to meet before March 1 deadline, US officials say, dashing hopes of deal to end trade war and spurring stocks sell-off

US President Donald Trump and Chinese President Xi Jinping are unlikely to meet before their countries’ March 1 deadline to reach a trade deal, two US administration officials and a source familiar with the negotiations said on Thursday. The countries had taken a 90-day hiatus in their trade war to hammer out a deal, and another round of talks is scheduled for next week in China. White House economic adviser Larry Kudlow told reporters on Thursday that the leaders of the two economic superpowers could still meet later. “At some…

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US lawmakers target China’s ZTE with new sanctions bill in case it fails to adhere to Trump agreement

A bipartisan group of senators introduced a bill on Tuesday that would reimpose sanctions on ZTE Corp if the Chinese telecommunications firm fails to live up to US laws and an agreement with the Trump administration. US President Donald Trump angered many members of Congress, including some of his fellow Republicans, in July 2018 when he decided to lift a ban on US companies selling to ZTE, allowing the Chinese company to resume business. ZTE broke a previous agreement and was caught illegally shipping US-origin goods to Iran and North…

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China 

Xi Jinping and Donald Trump ‘may meet in Da Nang, Vietnam’ at the end of February

The presidents of China and the United States are considering meeting in Vietnam on February 27 and 28, according to a source familiar with the discussions. The source said President Xi Jinping and his US counterpart Donald Trump may meet in the coastal city of Da Nang, where they are expected to continue pushing to resolve the trade dispute between the two nations. The meeting was mentioned by Trump when a Chinese trade delegation was in Washington this week for talks. Trump said he looked forward to meeting Xi once…

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