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China statement on tariffs likely an attempt to prod White House

“The Chinese officials announced that agreement had been reached to lift tariffs in an attempt to prod the White House in the direction” reports washingtonexaminer.com. The White House and Beijing have been trying to reach agreement on a written version of last month’s trade agreement.Trump and other White House officials have indicated that the tariff threats are needed to ensure Beijing sticks to the agreement. Source: washingtonexaminer.com

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China, U.S. set to lift tariff hikes as talks advance

“Negotiators agreed to a “phased cancellation” of tariff hikes if talks progress, said a Commerce Ministry spokesman, Gao Feng” writes Associated Press for nbcnews.com. Financial markets were rattled by reports China was pushing for tariffs to be lifted, which raised the possibility of a breakdown in talks.”If the two sides achieve a ‘Phase 1’ agreement, then based on the content of that agreement, tariffs already increased should be canceled at the same time and by the same rate,” Gao said at a news briefing.President Donald Trump agreed to postpone a…

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China seeks to attract more foreign investment, ease curbs

“BEIJING (Reuters) – China’s cabinet issued guidelines on Thursday aimed at attracting more foreign investors, including plans to encourage investment in its hi-tech industries” writes Midwest Communications Inc for 95kqds.com. China will step up opening-up in areas including financial and auto sectors, and would “neither explicitly nor implicitly” force foreign investors and companies to transfer technologies, the state council said in a statement on its website. Source: 95kqds.com

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China says Beijing, US to lift tariff hikes as talks advance

“Financial markets were rattled by reports China was pushing for tariffs to be lifted, which raised the possibility of a breakdown in talks” writes The Associated Press for seattletimes.com. The agreement came during talks aimed at working out details of a “Phase 1” deal announced Oct. 12.BEIJING (AP) — Beijing and Washington have agreed to reduce some punitive tariffs on each other’s goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement.News reports said Beijing wants 15% tariffs…

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China says it has agreed with the US to cancel existing trade tariffs in phases

“China’s Commerce Ministry said Thursday that Beijing had agreed with Washington to lift existing trade tariffs between the two nations in phases” writes Sam Meredith for cnbc.com. One important condition for a limited trade agreement, Feng insisted, was that the U.S. and China must remove the same amount of charges at the same time.The ministry spokesperson said that both sides were closer to a so-called “phase one” trade agreement following constructive negotiations over the past two weeks.Fresh hopes of a “phase one” trade agreement prompted U.S. stock index futures to…

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Macron’s China visit underscores economic tensions

“France and the European Union have joined the U.S. in complaints over Chinese trade practices they consider unfair” writes The Associated Press for seattletimes.com. Meanwhile, China is grappling with slumping demand that has kept economic growth to just 6% in the latest quarter, the lowest level in almost 30 years.BEIJING (AP) — French President Emmanuel Macron is visiting China this week amid a push for Beijing to open its markets, despite festering trade disputes and weakened consumer spending.Macron also arranged for German Chancellor Angela Merkel and European Commission President Jean-Claude…

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Trump’s commercial defeat against Beijing

“The US-China trade and economic war continues” reports tehrantimes.com. Although White House officials are talking about a trade deal with Beijing, many analysts believe the two countries’ dispute will be deep and widespread, at least until Donald Trump’s presence in the White House.And farmers are hurting badly.Yet Peter Navarro, trade adviser to President Donald Trump, downplayed the pain from the trade war and stressed the need to stay unified against China. Source: tehrantimes.com

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Internal email to staff: Beijing-based bitcoin mining giant Bitmain has abruptly ousted co-founder and executive director Micree Ketuan Zhan

“In a surprising move, Beijing-based bitcoin mining giant Bitmain has ousted co-founder and executive director Micree Ketuan Zhan, according to an internal email sent to staff” reports coindesk.com. Editor’s note: This article has been updated to clarify that Zhan owns 60 percent of Beijing Bitmain Technology but only owns 36 percent of Bitmain Holdings, the parent company of the Beijing Bitmain subsidiary.Based on new update, after the change, Wu has taken over the roles of executive director and legal representative of Bitmain from Zhan. Source: coindesk.com

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China, U.S. say good progress being made on phase-one deal to end trade war

“Trump, who is facing the threat of impeachment at home, has not commented on China on Twitter since the latest round of trade talks in Washington almost two weeks ago” reports politico.com. Chen said the partial deal could pave the way for agreement on some of the trickier issues. “The two sides might have warmed up for the more difficult issues scheduled for the phase-two negotiations,” she said. Source: politico.com

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On trade, farmers willing to get tough with China

“For one thing, while agriculture was not one of the issues that prompted the Trump administration to challenge Beijing on trade, Duvall says that China was closed off to a lot of U.S. agricultural trade even before the current trade war” reports washingtonexaminer.com. At several points in the interview, Duvall said that, first and foremost, farmers want to ensure that trade policy “does no harm.”.  Source: washingtonexaminer.com

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