Asian shares drift lower as investors look towards today's resumption of China-US trade talks
US and China have slapped tariffs on hundreds of billions of dollars of goods since last year, hitting a slew of businesses ranging from manufacturers to farmers in both countries, with knock-on effects for other economies.
While US President Donald Trump has voiced hope that he could soon hold a signing ceremony with his Chinese counterpart Xi Jinping, negotiations have dragged on, suggesting substantial differences remain. And Trump suggested last week some of those tariffs should stay in place after a deal is reached to ensure China follows through.But Beijing has taken steps to address some US complaints. Earlier this month China's rubber-stamp parliament rushed through a law that seeks to protect foreign firms from the forced transfer of technology.
"Protection of intellectual property is not anti-Chinese. Stopping people from forcing transfer of technology is not anti-Chinese. In fact, the reformers would say it's pro-Chinese. It will help their economy, not hurt their economy," he added. When Li presented the government's 2019 policy plans earlier this month, he made no mention of its controversial Made in China 2025 industrial policy, which had called for Chinese firms to take control of many strategic industries.Still analysts say Beijing's push for self-reliance and indigenous innovation will continue in practice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Watch Wednesday's trade data to see how China conflict is affecting US trade gapJanuary's international trade data could show the U.S. trade gap was affected by trade friction and tariffs when it is reported Wednesday morning, economists said.
Read more »
China says top U.S. trade officials to visit Beijing March 28-29A U.S. trade delegation headed by Trade Representative Robert Lighthizer and Tre...
Read more »
Former US Trade Representative says a China trade deal is probably weeks away, not monthsCharlene Barshefsky said it ultimately doesn't matter when the United States and China resolve their trade differences, as long as tensions don't escalate further.
Read more »
Trump sends top officials to Beijing to continue China trade talksPresident Donald Trump is sending U.S. Trade Rep. Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing on Thursday to continue U.S. trade talks with China.
Read more »
US-China trade talks is a bigger risk to Asia markets than the Fed: Credit SuisseNegotiators from the U.S. and China are scheduled to meet in Beijing for their next round of talks starting Thursday. After that, both sides are expected to hold meetings in Washington starting April 3.
Read more »
US-China trade talks must conclude, former ambassador saysThe U.S. and China have no choice but to conclude ongoing trade negotiations, most likely in the next month or so, former U.S. ambassador to China Max Baucus said Thursday.
Read more »
China refuses to concede on U.S. demands to ease curbs on tech firms: FTAhead of fresh high-level trade talks this week, China is not conceding to U.S. ...
Read more »
US sails two ships through Taiwan Strait ahead of trade talks in BeijingThe United States sailed two ships through the Taiwan Strait, Sunday, in an operation that comes as top officials from the Trump administration prepare to travel to Beijing for high-level trade talks.
Read more »
The world's biggest shipping line sees other threats to trade besides the US-China fightTrade talks between the U.S. and the European Union, as well as possibel changes in the Europe-China relationship, also pose risks, says the chief executive of A.P. Moller-Maersk.
Read more »
Trump's 'economic illiteracy' caused the US-China trade war, says professorU.S. President Donald Trump has on many occasions said the trade imbalance between the U.S. and China is a sign that America is being 'ripped off.'
Read more »