China's richest person exasperated with trade war

07 November, 2018, 17:27 | Author: Emmett Rice
  • China's Expo attracts 1000 firms from Belt and Road countries

The company unveiled its $200 billion goal at its Global Import Leadership Summit held at the first-ever China International Import Expo in Shanghai.

Khan hailed China's reform and opening up policy which provides Chinese industries a better environment to compete in global trade.

In his opening speech, Xi sought to reassure the world that China's growing prosperity was not a threat but presented business opportunities, and that Beijing remained committed to the reform and opening up policy initiated by Deng Xiaoping in 1978.

Based on final 2017 data from China's General Administration of Customs cited by the CeSIF report, Chinese exports to the European Union totalled 372.04 billion US dollars, marking a 9.7-percent increase over the previous year, while European Union exports to China increased 17.7 percent, reaching 244.87 billion USA dollars.

Xi vowed at the opening of a new import fair in Shanghai on Monday that China had a "sincere commitment" to open its markets, despite foreign accusations that it was dragging its feet or backsliding amid calls to remove barriers to market access.

About 180 US companies are sending representatives, including big names such as Google, Boeing, Caterpillar, Facebook, General Motors, Honeywell International, Microsoft, Tesla and Qualcomm.

The event, which has a United Kingdom delegation led by the trade secretary Liam Fox, is aimed at bolstering access to China for foreign firms but has been overshadowed by the trade spat with Donald Trump.

More news: Rivers, Gordon leads Chargers past Seahawks 25-17

Xi announced five new measures China would take to expand its opening-up policy.

To bolster imports, Xi promised to further cut tariffs and ease regulations against foreign enterprises in the medical and education fields, expressing a willingness to promote free trade talks and deepen cooperation in state-of-the-art technology with other countries. China has further simplified negative list of foreign investments, reduced investment limits and lifted the level of free investment. China would foster a "world-class business environment", including stricter controls on worldwide property rights.

A similar agreement is likely from state-owned China National Chemicals Corp, or ChemChina, for one of its annual crude oil and refined fuel agreements, said a separate trading executive with knowledge of the matter.

Novartis was one of the first global firms to enter China, one of the drugmaker's most important markets.

Xi reportedly did not name Trump or the US, but his target was apparent to all.

"They should not just point fingers at others to gloss over their own problems". The ocean may have its calm days, but big winds and storms are only to be expected. "Storms can overturn a pond, but never a sea". Having experienced numerous winds and storms, the ocean will still be there!

Ma, which has always been the face of Alibaba, will step down from his role as Alibaba executive chairman in September next year, handing over the reins to current chief executive Daniel Zhang as he seeks to spend more time in philanthropy and education.

Recommended:

  • Manchester United Manager Jose Mourinho Avoids FA punishment over Abusive Language Charge

    Manchester United Manager Jose Mourinho Avoids FA punishment over Abusive Language Charge

    José Mourinho believes Manchester United will soon be in the top four and once there they can consider challenging for the title. Mourinho , it seems is on borrowed time at United but a run of strong results could release the pressure off the Special One.

    A Terrified James Corden Lets Barbra Streisand Drive During ‘Carpool Karaoke’

    What a dream to be driven around by Barbra Streisand .until you learn she failed her driver's license test three times . That's not the only tech genius Streisand has reached out to. "This is not what I need to hear right now", said Corden.
    Georgia sheriff puts signs in sex offenders' yards

    Georgia sheriff puts signs in sex offenders' yards

    Since last week, Tampa police have been paying visits to hundreds of homes, putting sexual offenders and predators on notice. Pinellas, Hillsborough, and Polk counties have the highest number of registered sex offenders in our area.
  • Champions League: Red Star Belgrade upset Liverpool

    Champions League: Red Star Belgrade upset Liverpool

    Monaco , a semifinalist in 2017, slumped to a 4-0 home loss to Club Brugge, who registered their first win in Group A. In his stead, Daniel Sturridge fitted into Liverpool's attacking triumvirate alongside Mohamed Salah and Sadio Mane.
    Parineeti Chopra joins Priyanka Chopra’s bachelorette trip, see photos

    Parineeti Chopra joins Priyanka Chopra’s bachelorette trip, see photos

    The "Quantico" star finished her look with a baby blue purse and oversized sunglasses, she captioned the snap: "Setting sail". The happy bride-to-be Priyanka Chopra shared photos on her Instagram account.
    Jury selection begins for El Chapo's U.S.  trial

    Jury selection begins for El Chapo's U.S. trial

    At pretrial hearings leading to the trial, heavily armed federal officers and bomb-sniffing dogs patrolled outside. Jury selection will take place amid tight security conditions reserved only for the most unsafe defendants.
  • Team Trump shuts down talk of trade deal with China

    China's Premier Li Keqiang, right, speaks next to Tennessee Senator Lamar Alexander during a meeting with a group of U.S. Republican senators and Congress members at Zhongnanhai leadership compound in Beijing, Thursday, Nov. 1, 2018.
    Hosts win by 9 wickets, claim series 3-1

    Hosts win by 9 wickets, claim series 3-1

    The wickets of Keemo Paul (5), Kemar Roach (5) and Oshane Thomas for a duck followed soon after, as the Windies folded meekly. Bhuvneshwar Kumar got the wicket in his very first over after Windies won the toss and surprisingly opted to bat first.
    Hillary Clinton says 'I'd like to be president', stoking buzz about 2020

    Hillary Clinton says 'I'd like to be president', stoking buzz about 2020

    While Clinton may desire the White House, her candidacy is questionable, at best. Trump beat Hillary Clinton in 2016 with an Electoral College tally of 304 - 227.
  • India vs West Indies, 1st T20I

    India vs West Indies, 1st T20I

    In 2018, Dhoni, who has also captained India to 50-over World Cup glory in 2011, managed only 245 runs at 27.22 in 17 matches. Hotstar will avail the online streaming option for the subscribers in India , the United States and the United Kingdom.
    Starbucks is giving away free reusable cups today

    Starbucks is giving away free reusable cups today

    Halloween is behind us and now it's officially time for the holidays - which means Starbucks is rolling out its holiday cups . Stars, stripes, flames and coffee cherries, all adorned in cheerful shades of red and green.
    Turkey says journalist Jamal Khashoggi strangled in Saudi consulate

    Turkey says journalist Jamal Khashoggi strangled in Saudi consulate

    The murder of Saudi journalist Jamal Khashoggi inside Saudi Arabia's consulate in Istanbul was a violation of global law, U.S. The statement reiterated a request for the extradition of suspects arrested by Saudi Arabia in the case of the brutal murder.


Popular

US Renews Iran Sanctions, Grants Oil Waivers to China, Seven Others
That would be about half the daily average China has been importing from Iran since January 2016, trade data showed. The Iranian regime to date since May has lost over $2.5 billion in oil revenue, he said. "The decision by the U.S".

78 kidnapped Cameroon students freed
In the video, the kidnappers force several young male students to give their names and the names of their parents. Neither the government nor the separatist groups provided evidence to substantiate their accusations.

First two Muslim women elected to US Congress: networks
Tlaib, a Palestinian-American, ran essentially unopposed in Michigan's 13th Congressional District, which includes Detroit . While Omar campaigned on a similarly progressive platform, which calls for universal healthcare and tuition-free colleges.

Juventus vs. Cagliari - Football Match Report
Cagliari pushed forward with Artur Ionita setting up Leonardo Pavoletti but Wojciech Szczesny cleared, before Pedro broke through. Cagliari are a hard opponent and they are the team that has covered the most ground in the league and are risky in the box.

One US soldier killed, another wounded in Kabul insider attack
The US forces are part of the Nato-led Resolute Support Mission in Afghanistan, which has more than 16,000 personnel. Taylor resigned from the mayor's office before he went overseas, the Standard-Examiner of Ogden reported .

Midterm Elections Seeing Huge Turnout
As of late Wednesday, McDonald's United States Elections Project estimates that 25.5 million Americans had cast early votes . Early voting opens up polling places before Election Day so voters can try and tip the scales with a vote in person.

Chelsea v Crystal Palace: Blues may take time to secure win
Eden Hazard is in contention to feature for Chelsea , when they play hosts to Crystal Palace at Stamford Bridge on Sunday evening. He plays with more continuity from the team.

Kemp, Abrams Near Even in Race For Georgia Governor
The discussion began with a focus on Oprah Winfrey and the rousing speech she gave on Thursday for Georgia gubernatorial candidate Stacey Abrams (D).

USA criticizes Turkey strikes on Kurd militia in Syria
Earlier this year, the Turkish military conducted an offensive against the Kurdish militia in Syria's northern border region of Afrin.

Protests rage in Pakistan after woman acquitted of blasphemy
Large protests were also held in Karachi, Lahore and Peshawar, bringing parts of those cities to a virtual standstill. The protests had begun following the Supreme Court's October 31 verdict acquitting Aasia Bibi of blasphemy charges.