China's 161 trillion yuan state-asset watchdog says more M&As to come

China's 161 trillion yuan state-asset watchdog says more M&As to come

A senior White House trade adviser on Tuesday said the U.S.is moving in a "measured" way through the process of evaluating whether to follow through with the tariffs on Chinese products.

Central Bank Governor Yi Gang also said China would move ahead with plans to remove limits on foreign shareholdings in Chinese financial institutions.

The report's release coincides with the Boao Forum in the Chinese province of Hainan - known as China's Davos - at which President Xi Jinping reiterated his commitment to opening markets and easing restrictions on foreign investment.

Yet, as North Korea's most important trade partner and political ally, China wields considerable influence and its willingness to enforce United Nations sanctions has built up its credibility as a reliable global partner.

And the fact that China and the United States are now locked in an escalating fight over trade likely won't help.

Currently, U.S. trade regulations state that a country which does not have a trade agreement with the United States will pay a 2.5 percent import duty tax for passenger vehicles imported into the country, and a 25 percent tariff for light-duty and commercial trucks, as well as vans.

From an ownership perspective, the business imbalance, including both trade and business investments, between China and the USA was large.

If the trade war escalates and the USA imposes further tariffs on other products, and the macroeconomic impact becomes more visible, China could have options to impose higher tariffs on all US exports to China, restrict market access for US firms in China, provide preferential treatment to US competitors, and restrict U.S.travel by Chinese nationals.

Investors across the globe are bracing for uncertain markets over an escalating trade dispute between the USA and China. Markets from global equities to metals gained on expectations that a trade war between the world's two largest economies can be averted.

James Comey's memoir: Trump fixates on proving lewd dossier allegations false
Kelly has been increasingly marginalized in the White House and the president has mused to confidants about firing him. Bush administration, he was appointed by President Barack Obama to lead the Federal Bureau of Investigation in 2013.

Senators Urge Secretary of State Pick to Avoid Trump's 'Worst Instincts'
Unlike his predecessor, Pompeo has developed a reputation for having the president's ear, thanks to strong personal chemistry. Pompeo said he continues to believe gay people should not be allowed to get married.

Salah Might Be Available Against Man City, Says Liverpool Coach Klopp
Jurgen Klopp has revealed that he is hopeful that Mohamed Salah will be fit for Liverpool FC's showdown with Manchester City in the Champions League on Tuesday night.

"This trade conflict was initiated by the USA alone and it is entirely the one to blame", he said.

Trump is right about this: There is a human cost to the flood of cheap imports, and it's reflected in the loss of manufacturing jobs as companies shift production outside the US and automate to stay competitive.

"Does that sound like free or fair trade", Trump tweeted.

Xi also called on countries to export high-technology goods to China, which has been a point of contention with the U.S. Normal trading privileges paved the way for China's entry into the World Trade Organization in 2001, despite its failure to meet basic requirements for membership.

Washington stakes no claims in the territorial disputes but has declared that their peaceful resolution and the maintenance of freedom of navigation are in its national interest. Chinese officials deny that they compel foreign companies to hand over technology. "We want them to guard intellectual property, not take it from us", Navarro concluded. The statement comes in the backdrop of U.S. President Trump's stand of punishing China for "stealing American intellectual property rights" as well as correcting the imbalance in bilateral trade of goods between the U.S. and China. But German luxury automakers BMW and Mercedes will. That could cost American jobs.

A shopper passes an American apparel store in a Beijing mall Tuesday.

Shares were mixed in Asia on Wednesday, trading in a narrow range after overnight gains following conciliatory comments on trade by Chinese President Xi Jinping.

Employees work on automobiles at a Mercedes-Benz plant in Tuscaloosa, Ala., in February 2017.

Related news:

Hot News

isis-killer-beheading-video-story-top Jupp Heynckes: 'Niko Kovac predestined for Bayern Munich'
Apr 14, 2018 - 06:31
Kovac had prviously said that "there is no reason to doubt that I will be the coach of Frankfurt next season". Click through the mini-gallery above to see the top goalscorer of each team left in the Champions League.

isis-killer-beheading-video-story-top Hollywood star Will Ferrell injured in serious vehicle crash
Apr 14, 2018 - 06:27
According to witnesses, the woman he was travelling with was in a much worse condition and was bleeding profusely. One of the passengers, a woman aged 27, was reportedly not wearing a seatbelt and suffered serious injuries.

isis-killer-beheading-video-story-top Tarantula burger special sold at North Carolina restaurant has legs
Apr 14, 2018 - 06:27
Bull City points out numerous Exotic Meat Month menu items are eaten by people of other cultures on a daily basis. Some people prefer to eat the tarantula first, while some take it all in at once.

isis-killer-beheading-video-story-top Is There A Deeper Reason Behind Trump's Pardon Of Scooter Libby?
Apr 14, 2018 - 06:27
In pardoning Libby, Trump believes he proved his point about the mixed motives of some within the intelligence community. Wilson also said he finds Trump to be a "vile and despicable individual" who is "utterly unacceptable as president".

isis-killer-beheading-video-story-top Andrea Constand testifies at Bill Cosby's retrial for the first time
Apr 14, 2018 - 06:26
Cosby lawyer Tom Mesereau is poring over inconsistencies in Constand's statements to police about the alleged assault. But those efforts went nowhere, Mesereau said, and Constand left Temple, returning to Canada broke and unemployed.

isis-killer-beheading-video-story-top Macron: France has 'proof' Assad used chemical weapons
Apr 13, 2018 - 02:57
There was no immediate confirmation or indication from Assad's government that Syrian troops entered Douma on Thursday. He said the Syria situation was "very dangerous" and the immediate priority would be to "avert the possibility of war".

isis-killer-beheading-video-story-top Trump doorman 'unstable,' 'infamous for making up stories,' ex-wife says
Apr 13, 2018 - 02:57
Daniels had signed a non-disclosure agreement but has since sued to claim the agreement was void because Trump had not signed it. The penalty for revealing the rumor to anyone else would subject Sajudin to a $1 million payment to the National Enquirer .

isis-killer-beheading-video-story-top Trump Directs Cabinet to Look Into Rejoining TPP Trade Agreement
Apr 13, 2018 - 02:55
He has consistently criticized multilateral trade pacts, like the TPP, as a threat to American manufacturing industries .

isis-killer-beheading-video-story-top Barnier: the United Kingdom can change its mind on Brexit until 2020
Apr 13, 2018 - 02:53
Speaking to European reporters, Mr Barnier said: "If the British wish to modify their red lines, we will modify ours in effect ".

isis-killer-beheading-video-story-top Knights host Kings in playoff debut
Apr 13, 2018 - 02:53
The Los Angeles Kings hope to set the tone of this series early by stealing game one and reversing home ice advantage. VEGAS GOLDEN KNIGHTSHow They Win: No team in the league is more relentless on the forecheck than the Golden Knights.

isis-killer-beheading-video-story-top BJP, Congress condemn Kathua rape
Apr 13, 2018 - 02:53
The Kathua girl, who belonged to the nomadic Bakerwal Muslim community, had disappeared from a spot near her house on 10 January. The city's bar association has opposed the action against the accused and alleged that minority Dogras were being targeted.

isis-killer-beheading-video-story-top Rockets to face Timberwolves in first round of National Basketball Association playoffs
Apr 13, 2018 - 02:53
The Rockets are the best three-point shooting team in the league, and the Wolves are among the worst three-point defending teams. Neither Minny nor Denver, now at 46, will be able to match - so neither of them can have the division victor tiebreaker.

isis-killer-beheading-video-story-top Turkey's Erdogan will speak to Russia's Putin on Syria crisis
Apr 13, 2018 - 02:52
Those who support the PYD terror group are also making a mistake. Until the end, we will fight against both these mistakes'.

isis-killer-beheading-video-story-top Scattered snow and wind tonight
Apr 13, 2018 - 02:52
Most Lake Tahoe ski resorts reported four to six inches of snow Wednesday, and Sierra-at-Tahoe had the most at eight inches. Temperatures will warm up into the 40s to around 50, and strong wind up to 40mph will gust throughout the state.

Chelsea striker Alvaro Morata: I was wrong to play through back pain
Apr 13, 2018 - 02:50
And Alonso, who won his first Spain cap last month, admitted: 'It is hard for us to finish in the top four now. He said: "Everything was good until I had the problems with my back".