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

CC BY-SA 2.0

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.

Royal Wedding: Official photographer announced by Meghan Markle and Prince Harry
With the royal wedding fast approaching, it makes sense that the final details seem to be quickly coming together. "It was nutty. He also famously photographed Prince Harry and Meghan Markle's engagement portraits at Frogmore House .

ASA President Testifies to Congress Regarding Trade Tariffs
Liu, the vice premier in charge of the economy, who has master's degrees from Seton Hall and Harvard. Xi's most powerful lieutenant, who has cultivated relationships on Wall Street for decades; and Mr.

Trump Directs Cabinet to Look Into Rejoining TPP Trade Agreement
He has consistently criticized multilateral trade pacts, like the TPP, as a threat to American manufacturing industries .

"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 Trump lawyer tries to prevent use of materials found in FBI raid
Apr 14, 2018 - 06:29
Hendon says her firm, Spears & Imes LLP, was engaged by Trump on Wednesday and she was "not prepared" to present her argument. NY prosecutors raided Cohen's home , office and hotel room this week in a search the President said was a disgrace.

isis-killer-beheading-video-story-top Uber expands settlement with FTC related to cyberattack
Apr 14, 2018 - 06:29
Uber has always maintained its drivers work on the their own time and qualify as independent contractors, or freelancers. In a statement given to this news organization, Uber said it was pleased with Judge Baylson's decision.

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 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 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 ".

James Comey's memoir: Trump fixates on proving lewd dossier allegations false
Apr 13, 2018 - 02:53
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.

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 BlackRock crushes earnings, sees its AUM climb to $6.32 trillion
Apr 13, 2018 - 02:52
Sentinel Tru Co Lba stated it has 12,832 shares or 0.08% of all its holdings. (NYSE: BLK ) earned "Buy" rating by Deutsche Bank. This comes in above the company's revenue of $3.09 billion that was reported in the same quarter of the previous year.

isis-killer-beheading-video-story-top PM Modi to observe fast on April 12 to protest Parliament washout
Apr 13, 2018 - 02:51
Senior BJP leaders Krishnwallabh Singh Babua ji, Ashwini Singh, Vinay Sharma also attended the protest. He, however, did not join any of the party programmes.

isis-killer-beheading-video-story-top Salah Might Be Available Against Man City, Says Liverpool Coach Klopp
Apr 13, 2018 - 02:50
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.