China opposes any deals between US, other nations at its expense

By:
On:
In: Asia

BEIJING: China on Monday ( Apr 21 ) said it “firmly opposes” other countries making trade deals with the United States at Beijing’s expense, warning it would take” countermeasures” against them.

China will get the countermeasures in a “resolute and bilateral way” if any country sought for deals, its commerce ministry said, addressing news about the Trump administration preparing to force different countries to reduce trade with China in exchange for tariff exemptions from the US.

While the rest of the world has been slapped with a cover 10 per cent tax, China faces charges of up to 145 per share on many items. Beijing has responded with tasks of 125 per share on US items.

A number of countries are now engaged in negotiations with the US to reduce tariffs, opposite to Washington’s total trade conflict against top US financial rival China.

China respects all events resolving economic and trade variations with the US through conversation on an equal standing, but  warned countries never to get a bargain with the US that compromised its passions.

” Appeasement does not deliver peace, and sacrifice will not be respected,” a spokeswoman for Beijing’s business department said in a speech.

” To find one’s own momentary selfish interests at the expense of people ‘ objectives is to get the skin of a lion,” Beijing said.

That strategy, it warned,” will inevitably neglect on both ends and damage others”.

” China strongly opposes any group reaching a deal at the cost of China’s pursuits,” the spokesperson said. ” If such a circumstance occurs, China does not take it and will firmly taking mutual measures. “

China is determined and capable of safeguarding its own rights and interests, the ministry said.

Continue Reading

China ‘not afraid to fight’ trade war with US

By:
On:
In: Asia

China reiterated calls for dialogue on Wednesday ( Apr 16 ) after US President Donald Trump said it was up to Beijing to negotiate a trade war. According to Lin Jian, a spokesman for the international department,” If the US really wants to resolve the issue through dialogue and negotiation,Continue Reading

China, EU discuss trade in response to US’ punitive tariffs

By:
On:
In: Asia

Beijing, March 10: The Chinese Commerce Ministry reported on Thursday ( Apr 10 ) that China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs. China’s Commerce Minister Wang Wentao and European Commission Commissioner Maros Sefcovic discussed the start ofContinue Reading

China, South Korea and Japan agree to strengthen free trade

By:
On:
In: Asia

SEOUL: China, South Korea and Japan agreed on Sunday ( Mar 30 ) to strengthen free trade, according to a joint statement from their top officials meeting in Seoul.

The conference– the first at that stage in five years– comes after US President Donald Trump has thrown international business into turmoil with a raft of punishing tariffs on a huge range of imports, including cars, trucks, and auto parts.

South Korea and Japan are big automobile manufacturers, while China has also been hit hard by fresh US taxes.

The conference was attended by South Korea’s Trade, Industry and Energy Minister Ahn Duk-geun, his Chinese rival Yoji Muto, and China’s Wang Wentao.

The three states called for their negotiations for a complete joint free-trade contract to be sped away, and agreed to create” a repetitive trade and investment surroundings”, a statement said.

South Korea Ahn’s said the three countries had answer” cooperatively” to shared global issues.

” Today’s economic and trade culture is marked by increasing separation of the world economy”, he said.

Trump has promised taxes tailored to each trading companion from April 2 to redress procedures he deems cruel.

But he also told investigators last month that there would be “flexibility”, and industry appeared to respond with some relief at the end of last week.

Continue Reading

China urges US to protect rights of Chinese students amid growing security scrutiny

By:
On:
In: Asia

After a congressional panel asked six American universities to provide a lot of detailed information on their Chinese students, citing national security concerns, Beijing on Thursday ( Mar 20 ) demanded protections for Chinese students in the US.

A email sent to Stanford and Carnegie Mellon, among others, claimed that the Chinese government was putting researchers in major American universities to get immediate access to sensitive technologies.

According to Mao Ning, a spokesperson for the Chinese Foreign Ministry, about one-quarter of all international pupils in the US study there, and their activities have “promoted the US’s financial growth and industrial development”

At a regular presentation, Mao said to writers,” This is in the interests of both parties. We urge the US to prevent overstretching the boundaries of Chinese individuals ‘ rights and freedoms, properly defend Chinese students ‘ legitimate rights and interests, and refrain from enforcing any unfair restrictions on Chinese learners.

The Chinese Communist Party’s chairman, John Moolenaar, sent a notice to six institutions asking for details on Chinese students who were enrolling in innovative science and technology programs the day before. He claimed that institutions were offering financial incentives to risk British study.

Carnegie Mellon University, Purdue University, Stanford University, the University of Illinois, the University of Maryland, and the University of Southern California were the schools that were named in Moolenaar’s text.

In a letter to Farnam Jahanian, chairman of Carnegie Mellon University, Moolenaar wrote that the Chinese Communist Party had established a well-documented, organized pipelines to embed experts in renowned US corporations, giving them direct access to sensitive technologies with dual-use military uses.

The student visa system in America has evolved into a Trojan horses for Beijing, granting unlimited access to our top research institutes and putting a direct risk to our national security, it continued.

This trend, if left unanswered, will continue to obliterate British talent, undermine research integrity, and contribute to China’s technical ambitions at our expense.

The letter requested details such as the names of the Chinese students ‘ sources of funding, the types of study they are involved in, the schools they have previously attended, and” a country-by-country break of applicants, admittances, and attendance at your school.”

Continue Reading

Japan PM to meet Trump on Feb 6 to 8 US trip

By:
On:
In: Asia

Top government spokesman Yoshimasa Hayashi announced on Tuesday ( Feb. 4 ) that Japan’s Prime Minister Shigeru Ishiba will meet with US President Donald Trump for a meeting this week. ” If circumstances permit, he will visit the US from Feb 6 to 8 and hold ( his ) firstContinue Reading