China, US trade negotiators plan 'to meet in January' by Staff Writers Beijing (AFP) Dec 27, 2018 Trade negotiators from China and the United States are planning to meet in January for talks, Beijing said Thursday, but stopped short of confirming the exact date or location. Both sides are engaged in a bruising trade war but relations have thawed since Chinese President Xi Jinping and US President Donald Trump agreed to a 90-day truce earlier this month. "The Chinese and US economic and trade teams have always maintained close communication," said commerce ministry spokesman Gao Feng at a regular briefing. "In January, in addition to maintaining intensive telephone consultations, the two sides have made specific arrangements for face-to-face consultations." Deputy US Trade Representative Jeffrey Gerrish will lead the US team for talks during the week of January 7, Bloomberg reported, citing two people familiar with the matter. Word of the meeting follows small signs of progress -- and the absence of new threats from Trump -- while the two sides work to ease trade tensions by March 1. This would be the first face-to-face talks since the truce was agreed by both leaders on the sidelines of the G20 in Buenos Aires. On Sunday, Beijing's commerce ministry said China and the US "made new progress" on the issues of trade balance and intellectual property during a phone call between officials from the two countries. Beijing on December 14 announced that starting January 1 it would suspend extra tariffs added to US-made cars and auto parts. China also resumed the purchase of US soybeans and eased investment rules for US companies following the truce. Resolving the bruising spat with its key trade partner, the US, could help shore up confidence in the Chinese economy, which is bracing itself for a slowdown. Washington and Beijing have slapped tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade, locking them in a conflict that has begun to eat into profits and contributed to stock market plunges.
China to allow victims of IP theft to sue for damages Beijing (AFP) Dec 24, 2018 Victims of intellectual property theft in China could soon be allowed to sue for damages as Beiing looks to tighten its IP protection framework, state media reported Monday, with Washington clamouring for action on the issue. Victims can claim "punitive damages" under the draft law presented Sunday at a meeting of the Standing Committee of the National People's Congress (NPC, China's legislature), the official Xinhua news agency reported. While there has been legislation protecting patents, trad ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |