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Media Report
May 01 , 2019
  • Reuters reports, "China and the United States held 'productive' trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, as the two try to end their trade war. Mnuchin, along with U.S. Trade Representative Robert Lighthizer, held a day of discussions, before Chinese Vice Premier Liu He goes to Washington next week for another round of talks in what could be the end game for negotiations. 'Ambassador Lighthizer and I just concluded productive meetings with China's Vice Premier Liu He. We will continue our talks in Washington, D.C. next week,' Mnuchin wrote on his Twitter account. He gave no details. The three men appeared before cameras at the end of their talks at a state guest house in Beijing, chatting amiably amongst themselves but did not speak to reporters."
  • The New York Times reports, "A former C.I.A. officer accused of conspiring with the Chinese government as America's spy network in China was being dismantled is expected to plead guilty to federal charges on Wednesday, according to court papers. The former officer, Jerry Chun Shing Lee, was charged with the unlawful retention of secret information and conspiracy to deliver that information to aid a foreign government. In their indictment, prosecutors said Mr. Lee had unauthorized possession of the true names and phone numbers of C.I.A. assets and employees. The United States District Court for the Eastern District of Virginia announced that a change of plea hearing is scheduled for Wednesday afternoon. Such a hearing signals that a defendant is expected to plead guilty. Lawyers for Mr. Lee would not comment, and it was unclear whether he would plea to lesser charges or what sentence he would face."

  • CNBC reports, "Beijing offered in the last week a nod to criticism about its Belt and Road Initiative saddling other countries with debt while also gaining a partner in one of the world's financial centers. Swiss President Ueli Maurer met with Chinese President Xi Jinping on Monday and signed a memorandum of understanding for cooperation on trade, investment and finance for projects in third countries along the routes of Xi's signature foreign investment program. The central European country has a reputation of being an international leader in banking. 'I think it is helpful that China can engage more European countries for the BRI, ' said Zhu Ning, professor of finance at Tsinghua University in Beijing. 'Switzerland would provide very important help to BRI given (the) Swiss's advantage in global banking and financial services.'"
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