Thursday, 15 November, 2018

China Premier Li Keqiang is optimistic on US-China relations

Changing China's economic model might ease external and domestic pressures on the economy Changing China's economic model might ease external and domestic pressures on the economy
Lindsey Cook | 02 November, 2018, 14:33

"It is hoped that the United States and (North Korea) will take care of each other's concerns and further advance the denuclearization of the Korean peninsula", he said, adding that "China will continue to play a constructive role". The offshore yuan jumped 0.83 percent to 6.8601.

The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina.

Though final decisions have not been made, USA officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to the report.

"Those discussions are moving along nicely", Trump wrote on Twitter Thursday.

According to a report by state broadcaster CCTV, Li said China and the USA had benefited from cooperation, and that they should respect each other's core interests and concerns.

"He wants to do it", Trump said of Xi.

China and the United States should work together to get their relations back on track, China's premier said in Beijing on Thursday, ahead of the USA midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump.

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Meeting a group of Republican senators and one congresswoman in Beijing, Li said that over the past four decades of diplomatic ties, the China-U.S. relationship has had its "share of ups and downs". "We talked about many subjects, with a heavy emphasis on Trade", Trump tweeted.

Just after the upbeat readouts of the Trump-Xi call, the Justice Department announced the latest in a list of actions against what the Trump administration calls China's cheating through intellectual property theft, unfair corporate subsidies and rules hampering United States corporations in China. While Beijing is open to striking a deal that narrows the trade deficit, officials have resisted Trump's other demands - including an end to subsidies for strategic industries, a stop to forced technology transfer and more competition for state-owned enterprises.

The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of USA goods. And they're having a hard time, and they'll be fine. The US also sued to stop the companies from exporting to America any products that were created using the trade secrets.

The U.S. president said Wednesday that he'd like to sit down and make a "fair deal" with China on trade that would eliminate the need for the massive tariffs he's put on the nation.

Trump's posture toward China has been closely watched by investors, who are looking for the possibility of tensions cooling.

It comes ahead of a key meeting between Mr Trump and China's President Xi Jinping at the G20 summit this month.

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