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Chinese envoy heads to US to prep for trade talks

“A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations” writes Associated Press for nypost.com. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth.Beijing announced Friday it will lift punitive tariffs on American soybeans, China’s biggest import from the United States. Source: nypost.com

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Stand up to Beijing, Hong Kong singer tells U.S. lawmakers, companies

“WASHINGTON (Reuters) – Hong Kong singer and activist Denise Ho wants U.S. lawmakers and companies to criticize Beijing’s actions in Hong Kong, to help change the Chinese Communist Party’s behavior” writes Midwest Communications Inc for 95kqds.com. U.S. lawmakers are fine-tuning a bipartisan bill that would require an annual review of the special treatment Washington gives Hong Kong, including trade and business privileges, under the U.S. Hong Kong Policy Act of 1992. Source: 95kqds.com

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China to lift punitive tariffs on US soybeans, pork

“China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua News Agency said, citing the Cabinet planning agency and the Commerce Ministry” writes The Associated Press for seattletimes.com. BEIJING (AP) — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations. Source: seattletimes.com

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As Trade Talks Loom, Chinese Firms Look Into Buying U.S. Farm Goods

“On Thursday, Beijing said Chinese companies have started to inquire about prices for U.S. agricultural goods purchases” writes Min Read for reuters.com. BEIJING/WASHINGTON (Reuters) – The United States on Thursday welcomed China’s promise to buy agricultural goods while maintaining the threat of U.S. tariff hikes as the world’s two largest economies sought to prepare the ground for upcoming in-person talks.China reduced purchases of U.S. farm products in August after Trump vowed to impose new tariffs on around $300 billion of Chinese goods, dimming prospects of a deal.Global stocks rose on…

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Foxconn’s Gou quits Taiwan’s KMT, paving way for presidential bid

“They are down about 20% since Gou announced his presidential bid in mid- April” writes Midwest Communications Inc for 95kqds.com. Analysts say a bid by Gou to become president as an independent could split the KMT, whose presidential candidate, Han Kuo-yu, is struggling in opinion polls.TAIPEI (Reuters) – Terry Gou, the founder of Apple supplier Foxconn, quit Taiwan’s main opposition party on Thursday, paving the way for a possible bid to stand in a presidential election as an independent, complicating President Tsai Ing-wen’s prospects.He has also repeatedly called for closer…

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China August exports unexpectedly shrink, imports remain weak

“That left China with a trade surplus of $34.84 billion in August, compared with a $45.06 billion surplus in July” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China’s exports unexpectedly fell 1% in August from a year earlier, customs data showed on Sunday, hurt by an intensifying Sino-U.S. trade war and persistently weak global demand.Analysts polled by Reuters had expected exports would rise 2.0% in the month, after a 3.3% gain in July. Source: 95kqds.com

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US-China trade dispute is ‘already in the early stages’ of a second Cold War, Niall Ferguson says

“That’s because the long-running trade conflict between Washington and Beijing was “not just about trade,” Ferguson said” writes Sam Meredith for cnbc.com. “The good news is I don’t think they are destined for a hot war over the South China Sea or anywhere else, but I do think they are in a Cold War.”. “And I don’t think President Trump any longer has the power to turn it off by doing a trade deal — which I think he intends to do at some point between now and next year’s…

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