Energy News  
TRADE WARS
China says 'still lots left to do' in US trade talks
by Staff Writers
Beijing (AFP) March 5, 2019

US-China trade talks have been "very difficult and taxing" and negotiators still have "lots left to do", but breakthroughs have been made in some areas, China's commerce minister said Tuesday.

The comments came as President Donald Trump voiced confidence that he could soon sign a deal with President Xi Jinping to end a trade war that led to bruising tit-for-tat tariffs on goods from each country.

Recounting top economic official Liu He's recent trip to Washington for trade talks, commerce minister Zhong Shan said the "negotiation process was very difficult and taxing".

The content under discussion was very hard, Zhong stressed, "requiring our team to work overtime, day and night".

"Two days of negotiations had been agreed to, and then two days were added, and this was still very tense," Zhong told reporters on the sidelines of the opening session of the National People's Congress.

"The bilateral talks have been highly effective -- through 90 days of talks the two sides have achieved step by step, important results and breakthroughs in some areas," he said.

"Right now both teams are still negotiating because there is still lots left to do," Zhong said.

To reach an agreement "both sides need to walk towards each other and work hard together", he said.

The head of the China Banking Regulatory Commission said substantial breakthroughs had been reached in six areas, including technology transfer, intellectual property protection, non-tariff barriers, agricultural, services and exchange rates, according to local news site The Paper.

"This progress is substantial. I think it will be further expanded. There is no doubt about it," banking regulator Guo Shuqing said, according to The Paper.

Trump has for years railed against China's unfair trade practices, singling his ire on what he calls deliberate devaluation of its currency, the renminbi, also called the yuan.

"Some officials of the US government, including President Trump, accuse China of manipulating the exchange rate and promoting the devaluation of the renminbi to gain a competitive advantage," said Guo.

"There is no such thing, and everyone knows this," Guo said, adding it would be easier to reach a consensus on the exchange rate in future negotiations.

"It is certain that in the opening of the financial sector, China and the US are fully capable of reaching an agreement," he said.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
US-China deal includes key structural issues: White House adviser
Washington (AFP) Feb 28, 2019
Washington and Beijing are on the verge of a "historic" trade agreement, which will address key structural issues like China's subsidies to major industries, a top White House economic official said Thursday. President Donald Trump and Chinese leader Xi Jinping have touted progress in recent negotiations aimed at ending the year-long trade war that has imposed punishing tariffs on a large portion of the trade between the economic powers and are expected to meet next month at Trump's Florida resort. ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
CO2 emissions in developed economies fall due to decreasing fossil fuel and energy use

S.Africa imposes severe power cuts ahead of election

To conserve energy, AI clears up cloudy forecasts

Keeping the lights on during extreme cold snaps takes investments and upgrades

TRADE WARS
Superconductivity is heating up

Battery consortium promises 'big leap' in performance

Right electrolyte doubles novel 2D material's ability to store energy

Corvus Energy awarded the marine world's biggest battery package

TRADE WARS
Ingeteam commissioned over 4GW of wind converters in 2018

Sulzer Schmid's new technology platform slashes cost of drone-based rotor blade inspections

Major companies, cities buying into Texas' green energy boom

EON achieves successful commercial operation and tax equity financing for Stella wind farm

TRADE WARS
JUMEME breaks ground on 1st phase of Lake Victoria mini-grid solar project

Layering titanium oxide's different mineral forms for better solar cells

Dynamic Energy brings solar power to Galloway factory

Solar Payback Trends 2019

TRADE WARS
Framatome delivered ATRIUM 11 reload fuel assemblies to Olkiluoto 1

IEA: Nuclear energy set for risky, significant decline

Framatome modifies Loviisa nuclear power plant's control rod systems

EU clears RWE takeover of EON electricity generation assets

TRADE WARS
Turning algae into fuel

Climate rewind: Scientists turn carbon dioxide back into coal

How power-to-gas technology can be green and profitable

US set to see large increase in alternative-fuel methanol capacity

TRADE WARS
Venezuela moving oil company office to Russia

What makes natural gas bottlenecks happen during extreme cold snaps

Total halts French Guiana offshore oil drilling

Russia, China veto US measure on Venezuela in UN Council

TRADE WARS
Where's winter? Western Europe basks in record temperatures

Earth may be 140 years away from reaching carbon levels not seen in 56 million years

Climate activist Thunberg urges EU to double carbon reduction targets

Climate change: Winters of future will be colder -- and also warmer









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.