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Media Report
April 26 , 2019
  • CNBC reports, "Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China's Belt and Road forum discussing his plan for national economic reforms. Much of that discussion focused on issues at the heart of the ongoing trade war between Washington and Beijing. Notably, Xi said his country will increase intellectual property protection and 'stop arbitrary technology transfer,' two of the main sticking points of the trade dispute with the U.S., China's largest trade partner. 'We will more effectively engage in international macroeconomic policy coordination,' Xi said, according to an official English translation of his Mandarin Chinese remarks. 'A globalized economy calls for global governance. China will strengthen macro policy coordination with major economies to generate a positive spillover.'"
  • The New York Times reports, "President Trump said on Thursday that China's president, Xi Jinping, would be coming soon to the White House, fueling anticipation that the world's two largest economies may be close to finishing a trade deal. Mr. Trump, in remarks to White House staff, parents and children gathered on the lawn for Take Your Children to Work Day, did not indicate when the meeting might take place or what would be on the agenda. He has suggested in the past that Mr. Xi would travel to the United States for a signing ceremony once the countries have a final deal. His comments come as negotiators from the United States prepare to head to China on Sunday for another round of trade talks, which will be followed by talks next month with Chinese officials in Washington. For months, Mr. Trump's trade advisers have been jetting between Washington and Beijing as they try to resolve a trade war that has begun to inflict economic damage on both sides of the Pacific."

  • CNN reports, "Leaders from across the world have arrived in Beijing for the second Belt and Road Forum, drawn by the possibility of billions of dollars in Chinese funding for infrastructure projects. Beijing has trumpeted this year's larger turnout of world leaders, with 37 in total compared to 29 in 2017. Major global bodies such as the International Monetary Fund have also flown in to attend the gala event. But there are notable absences, including key Chinese diplomatic partners, such as Sri Lanka and Turkey, as well as the country's largest trading partner, the United States. The Belt and Road Initiative (BRI) is Chinese President Xi Jinping's signature global infrastructure policy. First announced in 2013, the project promises to build ports, roads and railways to create new trade corridors linking China to Asia, Africa and Europe."
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