Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE March 27, 2019, 3:48 PM GMT By Martha C. White French aircraft manufacturer Airbus has announced a commitment from China’s state-run airlines to purchase 300 planes. The deal was signed during a state visit by Chinese President Xi Jinping — a symbolic gesture experts said expressed more about China’s global ambitions and its fractious U.S. trade relationship than about the troubles plaguing Airbus rival Boeing. “It’s impossible to divorce politics from anything China does when it comes to aviation and aerospace,” said Jon Ostrower, editor-in-chief of aviation-industry publication The Air Current. “This is how they show their displeasure, but I think it’s in a very small part about the 737,” said Richard Aboulafia, vice president of analysis at aviation consulting firm the Teal Group. … [Read more...] about As Trump and Xi chew over a trade deal, China buys 300 Airbus planes
China’s former chief trade negotiator hits out at Beijing for not thinking “deeply enough” about its approach to trade war with US. “If we have people who always talk about politics engaging in negotiations, we will never have a deal,” Long Yongtu said on Sunday. Long’s comments come as tensions between the two nations appear to thaw somewhat ahead of Trump and Xi’s meeting in Buenos Aires, Argentina later this month. China’s former chief trade negotiator has hit out at his country’s handling of rising trade tensions with the US, saying that Beijing is failing to think “deeply enough” about its approach to the conflict. Speaking on Sunday, Long Yongtu, a former minister in China’s foreign trade department told a conference that China has been too politically driven in talks so far, and should take a more pragmatic approach, focused on the economic realities of the trade war. “If we have people who … [Read more...] about ‘We will never have a deal’: China’s former top trade negotiator warns Beijing is hurting itself in Trump tariff battle
A statue of the China International Import Expo (CIIE)'s mascot is placed in front of a building hanging advertisement of Bank of China, at the venue for the expo in Shanghai, China November 2, 2018. Picture taken November 2, 2018. REUTERS/Stringer SHANGHAI (Reuters) - Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday. The Nov. 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy, closed on Saturday. Deals for intelligence and high-end equipment were set to total $16.46 billion, while those for consumer electronics and home appliances were around $4.33 billion, the paper said on its official Twitter-like Weibo site. Sales agreed for the automobile sector goods hit $11.99 billion, while clothing and consumer goods inked $3.37 billion, and food and … [Read more...] about China’s import expo logs $57.8 billion of deals: China Daily
By Henry Fernandez Published November 02, 2018 Trade War FOXBusiness Facebook Twitter Comments Print video Trump: China wants to make a trade deal with US ‘very badly’ President Trump says that China wants to make a trade deal with the U.S. President Trump on Friday signaled the U.S. is getting closer to a trade deal with China. Continue Reading Below “I think we will make a deal with China and I think it will be a very fair deal for everybody,” Trump said while speaking to reporters from the White House. “But it will be a good deal for the United States.” Trump also noted that talks have been progressing to the point where China seems more inclined to make a trade agreement and signaled the country may be feeling economic pressure. “I know they want to make a deal,” Trump said. “They’ve been hit very hard. There economy has been very, very bad.” The Shanghai Composite, … [Read more...] about Trump: China wants to ‘very badly’ strike a trade deal with US
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByAlexandra Stevenson Oct. 7, 2018 Qualcomm, the American chip maker, spent two years hammering out a $44 billion deal to acquire a Dutch semiconductor manufacturer. Then, as the trade war with the United States erupted, Chinese regulators effectively killed it. Now China is looking for new ways to retaliate in the intensifying trade drama — and experts warn that some corporate deals with American buyers could be in jeopardy./ A number of global deals involving American companies are under review by Chinese market regulators. Among the biggest is Walt Disney Company’s $71 billion acquisition of 21st Century Fox, which has an Oct. 19 deadline. United Technologies — owner of Pratt & Whitney, the jet engine maker, and other industrial businesses — is waiting to … [Read more...] about China Wants to Strike Back on Trade. Big U.S. Deals Could Suffer.