Chinese Ministry of Commerce: We will sign the trade deal in Washington next week

[bostonangler]

President Donald Trump has touted a preliminary agreement with China as a “massive” deal, but even some of his staunchest supporters aren’t hiding their skepticism.

“You shouldn’t be thrilled,” said Michael Pillsbury, a senior fellow at the Hudson Institute and outside adviser to Trump. “The tactic here is to postpone the harder issues until phase two, but phase one isn’t even locked up yet and it could explode in our faces.”

https://news.yahoo.com/china-hawks-wary-trump-massive-210050821.html

 

 

No deal yet... He is just making crap up...

B/A

[MyLadiesDaddy]

 

[bostonangler]

Sorry guys but you are backing a very unstable guy who is doing much damage to our country... I know it sucks, but you have to be honest. When he turns on his general who he called the best, and now calls him weak, you've got big problems. His party is turning on him.

 

B/A

[gregp]

10 minutes ago, bostonangler said:

Sorry guys but you are backing a very unstable guy who is doing much damage to our country... I know it sucks, but you have to be honest. When he turns on his general who he called the best, and now calls him weak, you've got big problems. His party is turning on him.

 

B/A

Antifa makes you blind.........

[bostonangler]

Just now, gregp said:

Antifa makes you blind.........

 

Wrong, I've never met any of them or have done any research on them. The only ones who are blind are those supporting our White House thug. It will be interesting who the republicans run when he is gone. Right now the democrats are so week anyone from the republican party will have a chance to replace the fallen Trump.

 

B/A

[MyLadiesDaddy]

5 minutes ago, gregp said:

Antifa makes you blind.........

That's Hilarious, wish I'd thought of it. 

[coorslite21]

Just now, bostonangler said:

 

Wrong, I've never met any of them or have done any research on them. The only ones who are blind are those supporting our White House thug. It will be interesting who the republicans run when he is gone. Right now the democrats are so week anyone from the republican party will have a chance to replace the fallen Trump.

 

B/A

Rather pessimistic outlook....but your usual view on Trump.......you probably need to watch less US MSM stuff...   CL

[bostonangler]

Just now, coorslite21 said:

Rather pessimistic outlook....but your usual view on Trump.......you probably need to watch less US MSM stuff...   CL

 

No I think his supporters need to do a reality check... He is in big trouble. Giuliani is in big trouble. Most of the people around him are caught in some pretty bad stuff. He is delusional. He is making huge misjudgments that will have long term negative effects on America. He is no genius and he certainly is not stable.

 

B/A

[coorslite21]

2 minutes ago, bostonangler said:

 

No I think his supporters need to do a reality check... He is in big trouble. Giuliani is in big trouble. Most of the people around him are caught in some pretty bad stuff. He is delusional. He is making huge misjudgments that will have long term negative effects on America. He is no genius and he certainly is not stable.

 

B/A

We are all entitled to our opinions.......we'll see?

CL

[bostonangler]

2 minutes ago, coorslite21 said:

We are all entitled to our opinions.......we'll see?

CL

 

Yes we are... That's why I don't play the neg game when people express their opinions unlike the 3 or 4 people here who are compelled to neg anything they disagree with.. Pretty childish, but it is what it is.

 

B/A

[coorslite21]

8 minutes ago, bostonangler said:

 

Yes we are... That's why I don't play the neg game when people express their opinions unlike the 3 or 4 people here who are compelled to neg anything they disagree with.. Pretty childish, but it is what it is.

 

B/A

Yes......and you have probably noted several confused faces.....my calling card along with those purple trophies...CL

[bostonangler]

2 minutes ago, coorslite21 said:

Yes......and you have probably noted several confused faces.....my calling card along with those purple trophies...CL

 

LOL... I do the confused face too... But I don't neg... I used to do that a long time ago, but realized it was just wrong.

 

B/A

[MyLadiesDaddy]

20 minutes ago, bostonangler said:

 

Yes we are... That's why I don't play the neg game when people express their opinions unlike the 3 or 4 people here who are compelled to neg anything they disagree with.. Pretty childish, but it is what it is.

 

B/A

I happen to know for a FACT that is a lie. But whatever, you're becoming quite adapt at it. 

[bostonangler]

Just now, ladyGrace'sDaddy said:

I happen to know for a FACT that is a lie. But whatever, you're becoming quite adapt at it. 

 

believe what you will... I know you believe in fantasy. I see it everyday.

 

B/A

[MyLadiesDaddy]

6 minutes ago, bostonangler said:

 

believe what you will... I know you believe in fantasy. I see it everyday.

 

B/A

🔥MY SONGS KNOW WHAT YOU DID IN THE DARK 🔥

 

 

[gregp]

4 hours ago, ladyGrace'sDaddy said:

That's Hilarious, wish I'd thought of it. 

[yota691]

China's growth slows to 6% in third quarter, weakest in 27 years

With China a key driver of global growth, the soft reading adds to concerns about the world economy and prompts speculation that authorities will unveil fresh stimulus following a series of other measures in recent months

 

Agence France-Presse

@afp

Published 4:07 PM, October 18, 2019

 

 

SLOW DOWN. This file photo taken on September 24, 2019 shows employees producing down coats at a factory for Chinese clothing company Bosideng in Nantong in China's eastern Jiangsu province. AFP Photo

 

BEIJING, China – China's economy expanded at its slowest rate in nearly 3 decades during the third quarter as it was hit by the long-running US trade war and cooling domestic demand, data showed Friday, October 18, with an official warning of "mounting downward pressure".

With China a key driver of global growth, the soft reading added to concerns about the world economy and prompted speculation that authorities will unveil fresh stimulus following a series of other measures in recent months.

Gross domestic product expanded 6.0% in July-September, from 6.2% in the second quarter, according to the National Bureau of Statistics (NBS).

The reading – in line with an AFP survey of 13 analysts – is the worst quarterly figure since 1992 but within the government's target range of 6.0-6.5 percent for the whole year. The economy grew 6.6% in 2018.

While NBS spokesman Mao Shengyong said the economy was showing stability, he warned: "We must be aware that given the complicated and severe economic conditions both at home and abroad, the slowing global economic growth, and increasing external instabilities and uncertainties, the economy is under mounting downward pressure."

Services and high-tech manufacturing were the key areas of growth, while employment was "generally stable", he added. (READ: China inflation surges in September 2019 as pork prices soar)

Propping up economy

Beijing has stepped up support for the economy with major tax cuts and measures making it easier for banks to increase lending, including a reduction in the amount of cash they must keep in reserve.

And on Wednesday, October 16, the central People's Bank of China said it would pump 200 billion yuan ($28 billion) into the financial system through its medium-term lending facility to banks, to maintain liquidity.

But the efforts have not been enough to offset the blow from softening demand at home, which highlights the struggle leaders have in their drive to recalibrate the economy from one driven by exports and investment to one built on consumer spending.

The trade conflict and weak domestic demand prompted the International Monetary Fund to lower its 2019 growth forecast for China to 6.1% from 6.2% on Tuesday, October 15.

The figures are the latest to indicate a softening in the economy.

This week, Beijing posted weaker-than-expected import and export figures for September, after Washington imposed new tariffs in their long-running trade war.

And on Friday data showed industrial output rose 5.8%, from 4.4 % in August, led by a surge in demand for solar panels and electric vehicles, according to the NBS.

 

But fixed-asset investment slid to 5.4% on-year in January-September, from 5.5 % in January-August, as the government warned against risky borrowing to build roads and bridges that could artificially pump up GDP in the short run.

China's army of consumers were starting to open their wallets again, with retail sales edging up 7.8 percent on-year in September, compared with 7.5 percent in August.

Figures last week showed activity in the crucial manufacturing sector continued to contract last month as a result of the trade spat.

The readings show an economy that is "struggling to generate demand on a domestic level", said Michael Hewson, an analyst at CMC Markets UK.

Infrastructure spending – a major pillar of growth – is also expected to decline as China tries to rein in toxic debt, said Julian Evans-Pritchard of Capital Economics,

The recent boom in property development is also "set to unwind," he added.

"We expect monetary policy to be loosened before long in response, but it will take time for this to put a floor beneath economic growth," Evans-Pritchard said in a note.

Let's make a deal

A "phase one" deal announced by US President Donald Trump last Friday after he met China's top negotiator Liu He in Washington offered a temporary reprieve from further tariff hikes.

NBS spokesman Mao said the mini-deal was "good sign" for global markets.

"We feel that the global economy and global trade are increasingly moving towards reducing protectionism and... freedom," he said.

The deal, however, did not roll back any of the stinging tariffs already imposed on hundreds of billions of dollars in trade between the economic powers, nor did it address another round of import taxes planned for December.

"A limited agreement will not resolve the underlying areas of disagreement between the two sides as long-term divergence in US and China national interest remains across trade, technology, investment and geopolitics," said Michael Taylor, a managing director for Moody's Investors Service.

China's commerce ministry spokesman Gao Feng said Thursday its negotiators have "accelerated efforts" to hammer out the details of this mini-deal, and the two sides were aiming for an "early agreement".

Trump had said Wednesday that he hopes to sign the deal with Chinese President Xi Jinping at the APEC summit in Chile next month. 

 

[yota691]

23 hours ago, gregp said:

Antifa makes you blind

Great Observation..Both have the same agenda...

[Shabibilicious]

26 minutes ago, yota691 said:

Great Observation..Both have the same agenda...

 

Yup...that agenda being quelling the spread of fascism.

 

GO RV, then BV 

[umbertino]

23 hours ago, coorslite21 said:

Yes......and you have probably noted several confused faces.....my calling card along with those purple trophies...CL

 

Great, CL...Confused faces are neutral in that do not add and do not take away pluses

 

I wish most could express their big or small form of dislike toward a post  that way

[yota691]

Trump: The trade deal with China will look great

 21 October 2019 10:46 PM
Direct: US President Donald Trump continues to talk optimistically about the possibility of a deal that could end trade war the United States with China.

Trump said in comments with reporters at the White House on Monday that the trade deal would look good.

The US president over the last week expressed the hope the signing of the first phase of the trade agreement with China in the middle of next month , but the Minister of Commerce today said that it is not necessary to be held in November , saying that the timing is less important than the conclusion of a valid transaction.

Trump said during a White House Cabinet meeting today that the issues of the second phase of the deal would in many respects be much easier to resolve than the first stage.

The US president said his country was making billions of dollars in tariffs on goods from China, noting that Beijing was devaluing its currency.

He stressed that the Chinese side is willing to conclude a trade deal.

 

[yota691]

Donald Trump: The United States and China are making significant progress toward a trade deal with China

Monday, February 14, 2019

 

 

WASHINGTON, Oct. 21 (
Xinhua) - US President Donald Trump said the United States and China are making significant progress toward a trade deal with China.
Trump said in a statement today at the White House that he hopes to sign the first phase of the agreement by mid-November.
Trump said during a meeting of the US administration that the issues of the second phase of the agreement will be considerably easier than the issues of the first phase.
US Trade Representative Robert Lighthizer told reporters after the meeting that the Trump administration's goal is to complete the first phase by the November 16-17 Asia-Pacific Economic Cooperation (APEC) meetings, adding that there are still pending issues to be resolved.
// Ends //
23: 32 C.E.
0285

 

 

 

 

 

 

 

[MyLadiesDaddy]

5 minutes ago, yota691 said:

Donald Trump: The United States and China are making significant progress toward a trade deal with China

Monday, February 14, 2019

 

 

WASHINGTON, Oct. 21 (
Xinhua) - US President Donald Trump said the United States and China are making significant progress toward a trade deal with China.
Trump said in a statement today at the White House that he hopes to sign the first phase of the agreement by mid-November.
Trump said during a meeting of the US administration that the issues of the second phase of the agreement will be considerably easier than the issues of the first phase.
US Trade Representative Robert Lighthizer told reporters after the meeting that the Trump administration's goal is to complete the first phase by the November 16-17 Asia-Pacific Economic Cooperation (APEC) meetings, adding that there are still pending issues to be resolved.
// Ends //
23: 32 C.E.
0285

 

 

 

 

 

 

 

Good morning Master Yota and all of DV.

Thanks for all your hard work. 

[yota691]

Trump adviser expects to do business with China by 2020

24 October 2019 10:47 PM
Direct : Commercial Counselor at the White House said that it might be completed by the conclusion of a trade deal between the United States and China by the new year.

Peter Navarro told CNN Thursday that the outcome of a deal early next year will depend on mid-November negotiations in Chile between the US side and his Chinese counterpart, according to Yahoo Financial.

"The best thing to do is to see what happens in Chile," he said.

US President Donald Trump will meet his Chinese counterpart Xi Jinping in Chile on November 17 on the sidelines of an Asia-Pacific Economic Cooperation forum.

This month, the United States and China reached a preliminary trade agreement that is expected to be signed during the Trump-Xi meeting.

As Trump's presidential election in 2020 approaches, China may want to wait for the election result, rather than a deal with the United States earlier, Trump's adviser said.

That would be a mistake for China to appreciate the issue, especially with the threat of US tariffs and further damaging the Chinese economy, Navarro said.

Trump's adviser denied that the tariffs had also caused damage to the United States, explaining that tariffs borne by manufacturers and farmers have been compensated by job growth and subsidies to farmers.

 

[yota691]

China Willing to Buy $20 Billion of U.S. Ag in Year One

by Bloomberg

06:10AM Oct 24, 2019

U.S. accuses Chinese official of stealing trade secrets

( MGN Online and Darrell Smith )

 

(Bloomberg) -- China aims to buy at least $20 billion of agricultural products in a year if it signs a partial trade deal with the U.S., and would consider boosting purchases further in future rounds of talks, people familiar with the matter said.

The $20 billion would take its imports of U.S. farm goods back to around the level in 2017, before the U.S. began imposing tariffs. In the second year of a potential final deal when all punitive tariffs are removed, those purchases could rise to $40-$50 billion, said the people, who asked not to be named discussing the private talks. The people did not say when the first year would start or when China would start counting agricultural imports toward the $20 billion.

The two nations are currently working on the details of a limited agreement, after talks in Washington earlier this month at which the U.S. agreed not to hike tariffs in October, and said China agreed to increase purchases and other concessions. If the negotiations go well, Trump and President Xi Jinping may meet in Chile next month to sign the deal. Commerce Secretary Wilbur Ross said any agreement on structural issues will come in two additional phases.

 

China’s Ministry of Commerce didn’t immediately respond to a fax seeking comment on agricultural purchases.

China has already started ramping up purchases to lay the groundwork for the signing of a phase one deal. Beijing issued waivers for 10 million tons of soybean purchases this week. It is considering approving an additional 4-5 million tons of grains, including wheat, corn and sorghum, according to the people, who didn’t provide specific volumes for each commodity.

To contact Bloomberg News staff for this story: Niu Shuping in Beijing at nshuping@bloomberg.net;Steven Yang in Beijing at kyang74@bloomberg.net

To contact the editors responsible for this story: John Liu at jliu42@bloomberg.net, James Mayger, Sharon Chen

 

©2019 Bloomberg L.P.