Tag: Beijing

• Thursday, September 20th 2018 - 08:42 UTC

  WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

  

  The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.

• Friday, September 14th 2018 - 08:42 UTC

  US comes out strongly in support of Taipei in its influence policy dispute with Beijing

  

  The State Department announced last week that it would temporarily recall U.S. ambassadors to the Dominican Republic, El Salvador and Panama for consultations in Washington. The meetings will focus on recent decisions by Latin American countries to no longer recognize Taiwan and ways the U.S. can “support strong. independent, democratic institutions and economies throughout Central America and the Caribbean”

• Tuesday, July 17th 2018 - 09:24 UTC

  China's growth declines in second quarter; expanding government debt trims Beijing's credit rating

  

  China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7%, down from the previous quarter's 6.8%, the government reported Monday.

• Friday, June 29th 2018 - 09:13 UTC

  Beijing eases limits on foreign investment in banks, car industry and agriculture

  

  The Chinese government has eased rules that limit foreign investment in the country's banks, car industry and agriculture. The barriers have drawn criticism from trading partners, including the US. The Trump administration cited the rules as an example of unfair practices when it announced plans for tariffs on Chinese goods earlier this year.

• Friday, June 22nd 2018 - 08:57 UTC

  US/China trade dispute: Beijing says US suffers of a “symptom of paranoid delusions”

  

  U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday. China has stepped up its war of words with the United States since President Donald Trump threatened on Monday to hit US$ 200 billion of Chinese imports with 10% tariffs if China retaliates against his previous targeting of US$ 50 billion in imports.

• Wednesday, June 20th 2018 - 09:12 UTC

  Kim in China underlines “friendship, unity and cooperation” with Beijing

  

  Kim Jong Un declared North Korea's unstinting “friendship, unity and cooperation” with Beijing during his third visit to China this year, in a show of loyalty to his main ally following a landmark summit with US President Donald Trump.

• Monday, June 18th 2018 - 08:30 UTC

  China forced to fight back with reciprocal tariffs

  

  The following editorial on the current US/China trade war was published by the official news agency Xinhua,

• Monday, May 21st 2018 - 08:52 UTC

  US/China trade war “on hold”; Beijing agrees to “substantially reduce” surplus

  

  The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. “We are putting the trade war on hold,” Treasury Secretary Steven Mnuchin said on Sunday.

• Saturday, May 19th 2018 - 09:27 UTC

  China/US trade talks on a more positive track; Beijing dumps sorghum levy

  

  Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba's memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on in Washington in an atmosphere of hopefulness but hardly assurance of a breakthrough in the impasse.

• Thursday, May 3rd 2018 - 08:29 UTC

  Dominican Republic drops Taiwan and establishes relations with Beijing

  

  The Dominican Republic and China announced on Tuesday they were establishing diplomatic relations as the Caribbean country became the latest nation to dump Taiwan, leaving it with just 19 diplomatic allies around the globe. Taipei said it was “deeply upset” at the decision, which it blamed on “dollar diplomacy”. The move deepens the island's international isolation while its giant neighbor flexes its economic and political might on the global stage.