Month: May 2019


In a statement on May 16, Huawei said that losing acce

2019年5月31日

贵族宝贝

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ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm

s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports.

“I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen.

“But clearly, from a corporate perspective, this Department

of Commerce action has created costs and has escalated the uncertainty quite a bit.”

Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in the technology sect

or, Allen said both sides should pursue a playing field of “smart competition and engagement”, in which the

y play by a “common set of rules” that are mainly set by World Trade Organization obligations.

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The strategic guiding role of national development plannin

2019年5月31日

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ng should be leveraged to improve coordination mechanisms

for economic policies such as finance, currency, employment, industry, and regional develop

ment to ensure the nation’s economic development stays within a reasonable range, the statement said.

The meeting highlighted the importance of strengthening innovative cap

abilities as well as opening-up and cooperation in this regard, and called for improving the serv

ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the state

ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.

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RMB’s value determined by market forcesce forex rese

2019年5月31日

上海乌托邦

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Beijing will not sacrifice forex reserves to defend its currency, analysts say

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d

ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label China a

s a “currency manipulator” after Washington monitored the recent performance of the RMB.

No evidence was found to show Chinese monetary authority intervention in foreign exchange markets over the past sev

eral months, according to the US Treasury’s semiannual foreign-exchange report to Congress.

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The Global Times called the face-off of the two ancho

2019年5月31日

上海楼凤

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orwomen “friendly, meaningful talks. Both agreed: trade war is bad! (For Trish, that’s a change of hea

rt, since she had tried to justify the US trade war against China.)”, it said on its Twitter account.

A Twitter user, Ryan Bryant @RayCaiYan, said in a reply to Regan’s tweet, “That was not even a DEBATE, more like a Q&A session

. I thought Trish could leverage some of Liu’s answers to discuss the issues further, but sadly she couldn’t.”

FionaXu tweeted: The American hostess is talking about free market. Tell me how American

market is “free” under Trump’s government? You mean protectionism equals free market???”

Jon Taylor, a professor of political science of the University of St. Thomas in Houston, said that while they pretty muc

h disagreed on everything, it offered US viewers the chance to actually hear the Chinese side of the issues.

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Liu told Regan that China has made its position very cl

2019年5月31日

上海楼凤

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lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit

hout using outside pressure, there is a high possibility that there could be a productive trade deal.

“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.

Regan, at the close of their 15-minute talk, said again, “No one wan

ts trade wars. But we have to think long hard about the right next steps.”

Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.

“Everybody thinks that China’s economy is state-owned, state-controlled, every

thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a

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The meeting highlighted the importance of strengthen

2019年5月31日

上海楼凤

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 innovative capabilities as well as opening-up and cooperation in this regard, and called for improving the services and

environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the statement said, adding that the

capability of dealing with challenges and preventing risks should be intensified.

The meeting required Shanxi province, a coal-abundant area in North Ch

ina, to conduct pilot reforms in its energy industry and take the lead in the whole cou

ntry in areas such as promoting clean and low-carbon energy use and enhancing innovatio

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Belt, Road high on China-Niger agendaming ceremoident

2019年5月30日

阿拉爱上海

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China and Niger should enhance Belt and Road cooperation and implemen

t major projects in areas such as infrastructure, energy and agriculture, President Xi Jinp

ing said on Tuesday. Xi made the remark while meeting with Niger’s President Mahamadou Issoufou at the Gre

at Hall of the People in Beijing. Issoufou is paying a state visit to China from Sunday to Thursday.

Witnessed by the two leaders, China and Niger signed a number of cooperation documents after their talks. Xi appre

ciated Issoufou’s efforts in promoting the China-Niger and China-Africa friendship over the past few years. Not

ing that China and Niger are good friends, partners and brothers, Xi said that the two countries have enhanced mu

tual political trust and have achieved fruitful outcomes in practical cooperation in several areas.

China would like to work with Niger to jointly implement the outcomes of the Beijing Summit of the Forum on China-Afri

ca Cooperation, strengthen strategic cooperation and bring more benefits to the people of both countries.

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Foreign investors’ access to onshore stock index futures

2019年5月30日

上海龙凤

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“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures mark

et to foreign investors, as they have large exposure in t

he A-share market and are therefore in need of this risk management tool.

Foreign investors’ access to onshore stock index futures is an “infrastructure” for fin

ancial market opening-up, without which foreign investors’ passion for Chinese shares may be dampened, said Wa

ng Maobin, investment department chair at the University of International Business and Economics in Beijing.

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The Sino-US trade tensions have had a limited impact

2019年5月30日

上海夜网

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mpact on China’s financial markets and the effects will be “even smaller” in the future, Guo said.

Yi Huiman, chairman of the CSRC, also pledged earlier in May to continuously enhance the quality of listed firms as part of s

upply-side reforms in the financial sector to promote the high-quality development of the real economy.

The National Development and Reform Commission, China’s top economic planner, said on

Tuesday that the country is willing to continue supplying rare-earth metals to world markets but is oppo

sed to those who use products made with such rare earths to “suppress and dampen China’s development”.

It also said that the industries of China and the United States are highly compleme

ntary. Cooperation will benefit both countries while confrontation will only undermine their interests, it said.

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administration escalating tariffs and Beijing retaliating.

2019年5月30日

上海楼凤

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It is important that we come to an agreement over time that addresses the problems that we have identified. And the sooner the better,” Allen said.

He said the council had opposed the use of tariffs from the very beginning and hop

ed a “mutually acceptable and supportive” agreement could be reached in the near term.

“But, currently, we are moving away from that agreement. We want to get back to moving toward a

n agreement so that our two economies can begin to interact with each other in a more normal manner,” he said.

Allen, who was in Lexington, Kentucky, last week for the Fifth US-China Governors Fo

rum, said he had spoken to a number of Chinese investors in Kentucky and throughout the United St

ates who are bringing jobs and opportunities that did not exist previously.

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