Tuesday, 20 November 2018
Latest news
Main » Beijing hopes United States will treat Chinese investments fairly

Beijing hopes United States will treat Chinese investments fairly

28 June 2018

The secretary called reports in the Wall Street Journal, Bloomberg and elsewhere "fake news", saying restrictions will apply to "all countries that are trying to steal our technology".

Foreign investments already must pass interagency review under the Committee on Foreign Investment in the US, to see if they violate national security. The administration is expected to justify imposing the curbs by declaring an economic emergency using the International Emergency Economic Powers Act, or IEEPA, people familiar with the plans said.

The Made in China 2025 initiative, which was first unveiled in 2015, seeks to turn the country from the world's factory into a global technology leader, including in biotech, robotics, aerospace and clean-energy cars.

The IEEPA statute allows the president to unilaterally impose investment limits.

Beijing has signed an agreement to import beef from France while U.S. beef shipments will possibly become subject to high tariffs, and also signaled that it will allow more high quality French goods into Chinese markets. Katainen urged China to tackle overcapacity in its steel, aluminium, and other sectors including technology, the European Union said in a statement.

American tariffs on foreign goods have threatened domestic supply chains and foreign manufacturing strategies for USA multinationals, and they've prompted retaliatory tariffs from trade partners expected to stunt global sales for US companies.

Harry Kane thrills with hat trick in rout of Panama
Substitute Felipe Baloy rewarded them with a consolation goal in the 78th minute, sliding home a free kick that was Panama's first goal in their debut World Cup .

"We are ready to continue discussions on the purchase of Airbus planes in a timely manner", Li said. "One generally finds losers on both sides".

Trump on Tuesday once again hit out at countries that had placed tariffs on United States goods, and threatened to impose even more tariffs. Some U.S. steel and aluminium tariffs went into effect in April and additional tariffs begin in July. Brussels and Beijing recently announced new tariffs on US goods in retaliation for moves by the Trump administration.

He sees joint-venture projects as key to maintaining American dominance, something he says has happened in the field of Artificial Intelligence (AI), citing the examples of Google and Microsoft, who have both invested heavily in China.

However, Trump is targeting this plan by barring some technology exports to China, as well as by blocking firms controlled by China from investing in USA technology.

Benchmark U.S. 10-year Treasury notes US10YT=RR gained 5/32 in price to yield 2.884 percent, down from 2.900 percent late on Friday.

This is stated in the report of the head of the National Council on trade at the White house Peter Navarro.

Italy's interior minister says Malta should take rescue boat
Immigration figures are now much lower, with only 41,000 sea arrivals so far this year, according to United Nations data. The organisation said it feared "a similar situation to the Aquarius could be on the horizon".

The vice president of the European Union's governing body says Europe and China will form a group aimed at updating global trade rules to address technology policy, subsidies and other emerging complaints in a bid to preserve support for worldwide commerce. But the White House itself earlier announced plans to unveil the restrictions by Saturday.

Investors are concerned that a trade war could negatively affect global economic growth, with the intensification in trade tensions between the us and its trading partners keeping markets on edge.

Mnuchin has been less visible publicly since then, as the more hawkish wing of the administration's trade team seemed to have successfully turned the tides against the faction that was in favor of finding a negotiated solution for the two countries.

The last time a United States defense secretary visited China was four years ago, and communications between the two militaries need strengthening, Mattis said.

"There are many in the United States that are concerned that Huawei and ZTE will dominate 5G, and there are concerns about the national security implications of that".

Seoul: North Korea artillery withdrawal being discussed 'internally'
The president has also praised his North Korean counterpart after their historic face-to-face meeting earlier this month. Seoul plans to cooperate with the North to find remains along the heavily guarded demilitarized zone, he said.

Beijing hopes United States will treat Chinese investments fairly