The Chinese leadership aims to create a new mechanism that would open up more of the economy to the private sector and lessen state interventionism, according to a May 18 report by the Communist Party-run Xinhua News Agency.
The “phase one” U.S.-China trade will be signed by President Donald Trump and Chinese officials on Jan. 15 at the White House, the president announced on Dec. 31.
After a year and a half of escalations in the Sino-U.S. trade war, officials in Washington and Beijing have announced the completion of a “phase one” trade deal.
U.S. President Donald Trump and U.S. Secretary of Commerce Wilbur Ross have indicated that Washington has no deadline for a trade deal with China, with the president saying that it could wait until after the 2020 election.
The Chinese government on Oct. 18 released its third-quarter GDP growth statistics, claiming that the economy had grown by 6.0 percent, 0.1 percent lower than expected by a Reuters analysis.
During the 1950s, the prevailing mood in China could be summed up in a slogan known to virtually all at the time: “The Soviet Union of today is the China of tomorrow!”
On Aug. 1, the day after U.S. and Chinese trade officials met in Shanghai to restart talks, U.S. President Donald Trump said via Twitter that his administration would impose new tariffs on US$300 billion worth of Chinese goods.
Chinese President Xi Jinping recently warned Party members not to use the fight against corruption as an excuse to laze around and do nothing. He was speaking at a meeting of senior Party leaders.
Xinhua, the state-run mouthpiece that speaks for the Chinese Communist Party, has announced the completion of a government campaign to “terminate all paid services” by the People’s Liberation Army.
The highly anticipated meeting in Japan between the presidents of the world’s two most powerful countries has yielded a new truce in the U.S.-China trade war, boosting optimism about the two leaders’ shared desire for an agreement.