China’s Xi promises tax cuts, other help to entrepreneurs

Virginia Carson
November 4, 2018

Trump says of China: "I know they want to make a deal".

Shi also said he thought China had only a limited role to play on the North Korea issue.

"At best, the parties are negotiating about negotiating and we are still miles from a deal", Boltansky said.

The two leaders agreed to "strengthen economic exchanges", said a ministry spokesman, Lu Kang. Washington, Europe and other trading partners say those violate China's market-opening obligations and some American officials worry they might erode US industrial leadership.

"If this does turn out to be ZTE round 2, the president will be attacked by Democrats, and some Republicans, for talking a huge game on China but instead being played", said Derek Scissors, a China expert at the American Enterprise Institute.

Krunal Pandya, Khaleel Ahmed handed maiden T20I cap
The tourists will depend on their famed T20 specialists who play in different leagues across the globe to come good. Introduced in the fifth over, Bumrah picked up another in-form batsman, Shimron Hetmyer (10), in his fourth over.

China and the United States are locked in an increasingly bitter trade war, and both countries have already placed tariffs on some of each others' imports. We're getting closer to something.

The U.S. goods trade deficit with China hit a new record high climbing 4.3 percent to $40.2 billion in September, according to a Commerce Department report released Friday.

Of course everyone would hope that we can continue to progress from trade tensions, but there is an air of caution that should still be used. At time of writing, Trump is scheduled to meet Chinese authorities in a few weeks, with the potential outlook of a breakthrough in prolonged trade tensions representing an investment opportunity for financial markets to further unwind of Dollars positions.

'Just had a long and very good conversation with President Xi Jinping of China.

President Donald Trump said Friday that he expects a budding US-China trade war to end with "a very good deal".

Oil prices dip on rising supply, trade tensions
Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close. USA light crude was 60 cents lower at $66.44.

Lu Xiang, a specialist on United States affairs at the Chinese Academy of Social Sciences, said that Beijing had been preparing for a "worse than the worst" confrontation with the USA, and added that any further escalation would be fatal to an already highly volatile U.S. stock market.

Trump also voiced his support for the China International Import Expo (CIIE) to be held from November 5-10 in Shanghai, which is the first of its kind in China.

"We view the positive statements as political cover that could lay the ground work for further tariffs if the G20 meeting is not fruitful/timed for near-term market and political benefit", said Ed Mills, a policy analyst at Raymond James. He backed out on a deal congressional Democrats said they struck with Trump to provide legal status to young undocumented immigrants. The maintenance came after months of increasing trade strains, with the U.S. introducing import tariffs on Chinese goods and the Asian country repeatedly with equal measures.

"We will see what happens at the G20 and with Liu's talks, but I am not optimistic that anything momentous will come out of this", Zimmerman said.

Man City waiting for update on De Bruyne injury
The Belgian suffered the problem to his left knee in the 86th minute of Thursday's 2-0 Carabao Cup win at home to Fulham . The Belgium global was making only his second start of the season following knee ligament damage.

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