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Media Report
September 13 , 2018
  • CNN reports: "China has welcomed an offer from the Trump administration to talk trade despite a US threat to impose steep new tariffs on a huge range of Chinese goods. Chinese Commerce Ministry spokesman Gao Feng said Thursday that the two governments were discussing details for a new round of negotiations. "The escalation of trade conflicts doesn't benefit either side's interests," Gao said at the ministry's weekly news conference. The possibility of renewed high-level talks comes as the trade war between the world's top two economies appears set to intensify."
  • CNBC reports: "China has a potentially useful defense in its ongoing trade war with the United States: its vast property market. The same sector that has long been a source of anxiety about China's economic fate could also prove to be its temporary savior in the face of tariff pressure from the U.S., according to Nicole Wong, managing director for property research at CLSA. Authorities are likely to encourage property prices, which are already rising, to increase further to help boost the economy, Wong told reporters Tuesday at the annual CLSA Investors' Forum in Hong Kong."
  • The Washington Post reports: "The largest U.S. business groups in China issued a plea to President Trump on Thursday: Please stop with the tariffs. A survey from AmCham China and AmCham Shanghai found that nearly two-thirds of more than 430 U.S. firms in China say the duties Trump placed on billions of dollars of Chinese imports this summer have hurt their businesses. Nearly half of respondents — who work in retail, food and manufacturing — say production costs have climbed, and 42 percent said they have noticed a decreased demand for their goods."
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