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More U.S.-China trade talks set after 2 days of negotiations in Beijing raise hopes of a deal

“In addition, Huawei executive Meng Wanzhou was arrested in Canada in December on a U.S. request and faces an extradition hearing in coming months, a case that has infuriated China” writes Robyn Dixon for latimes.com. And this week, the White House was preparing an executive order that could bar Chinese companies from selling equipment for use in future American telecommunications networks. Source: latimes.com

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Markets News Stocks 

US stocks set to follow Asia markets lower after report that US-China trade talks are ‘like pulling teeth’

“US stocks are set to decline on Friday, following Asian markets lower on reignited pessimism about US-China trade talks, where there’s reports of tensions as leaders from both nations meet in Beijing this week” writes Trista Kelley for businessinsider.com. Time is of the essence since March 1 marks the scheduled end of the 90-day pause in the trade war.The South China Morning Post, citing sources, reported that trade negotiators “remain far apart on key issues,” including equal market access and intellectual property protection.Then there’s jitters about the US economy after…

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No decision yet on whether to push back China trade deadline: Trump adviser

“White House economic adviser Larry Kudlow speaks at the White House in Washington Thomson Reuters WASHINGTON (Reuters) – The Trump administration has not yet made a decision on whether to extend a March 1 deadline for a trade deal with China, a top White House economic adviser said on Thursday” reports businessinsider.com. No such decision has been made so far,” National Economic Council Director Larry Kudlow told Fox News Channel when asked if there would be a 60-day extension.In the interview, Kudlow gave an upbeat assessment on high-level trade talks…

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Kudlow: There’s ‘a pretty sizable difference’ before a China trade deal happens

“The president has indicated that he’s optimistic with respect to a potential trade deal,” Kudlow said on Fox Business” writes Jeff Cox for cnbc.com. White House economic advisor Larry Kudlow said Thursday that the administration is hoping for a trade agreement with China but much work remains before anything is finalized. Source: cnbc.com

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US and China to resume trade talks next week in Beijing

“President Donald Trump said in his State of the Union address on Tuesday that any new trade deal with China “must include real, structural change to end unfair trade practices, reduce our chronic trade deficit and protect American jobs.”” writes unknown author for cnbc.com. The two sides remain far apart on addressing U.S. demands that China make deep structural changes to its trade and economic policies and shrink the U.S. goods trade deficit.Lighthizer held a closed-door briefing with U.S. senators on Wednesday on the upcoming China talks and the proposed…

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French Senate rejects tougher telecoms controls despite U.S. Huawei warning

“FILE PHOTO: A sign of Huawei is pictured at its shop in Beijing Thomson Reuters PARIS (Reuters) – The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei” reports businessinsider.com. The new legislation was a last-minute addition by the government to a wide-ranging corporate law and would have required telecom operators to seek formal approval for the use of certain kinds of equipment considered to be particularly sensitive for spying or sabotage risks.Huawei is facing international…

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Mnuchin says trade talks ‘very productive’ so far, confirms Beijing trip

“The White House has set a March 2 deadline to iron out myriad issues with Chinese over trade” writes Jeff Cox for cnbc.com. Mnuchin said the administration had “very productive meetings” with Chinese Vice Premier Liu He.U.S. Trade Representative Robert Lighthizer is expected to lead the negotiations with help from Mnuchin and other administration officials. Source: cnbc.com

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U.S.’ Mnuchin, Lighthizer to hold talks next week in China: sources

“The Chinese trade delegation said in a statement that the talks had made “important progress,” China’s official Xinhua news agency reported” writes Midwest Communications Inc for 95kqds.com. Trump said he would be willing to meet with Xi to try seal a comprehensive trade deal, but Lighthizer said Trump would decide on the meeting based on progress in the talks. Source: 95kqds.com

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China kicks off consumption drive with subsidies for Beijing shoppers

“State media on Wednesday announced the incentives that give Beijing households subsidies of up to $120 every time they purchase a television or refrigerator” writes Visual China Group for cnbc.com. Beijing is trying to fire up growth engines, with the world’s second-biggest economy expected to further slow in 2019. In addition to subsidies designed to boost retail sales growth — which sank to a 15-year low last year — other stimulus steps include easier monetary policy to encourage bank lending and tax cuts.China’s push to stoke spending in the sluggish…

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From corn to Apple: The cases behind the US-China standoff

“China has stripped the arm off a T-Mobile robot, the U.S. says, and looted trade secrets about robotic cars from Apple” reports thebusinessjournal.com. Zhang stored Apple’s trade secrets on various devices before being caught by the company’s security team last spring, the FBI alleged.The two are accused of using their access to labs where only 1,200 of Apple’s 140,000 employees were allowed to enter to steal trade secrets.(AP) — To hear the Americans tell it, the Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn…

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