Economy

India, China Hold First Strategic Economic Dialogue Post-Doklam

India, China Hold First Strategic Economic Dialogue Post-Doklam

At the Boao Forum, Xi pledged to further open China's economy and cut import tariffs this year.

China's economy slowed slightly in the first quarter as the government battles debt and financial risk, with United States trade frictions threatening to further hobble growth, analysts surveyed by AFP said. The announcement came as increased American support for Taiwan heightened tensions between the us and China. "So I thought, it was appropriate to have a strong response", he said.

The surprise announcement follows China's largest-ever naval display in the disputed South China Sea, involving more than 10,000 navy personnel, 76 fighter jets and a fleet of 48 ships and submarines.

The report outlined China's various artillery systems that have the range to strike within or across the Taiwan Straits.

The tensions reflect the dueling nationalistic ambitions of Trump and his Chinese counterpart, Xi Jinping.

Chinese officials are trying to figure out how to address USA concerns, said Jake Parker, vice president for China operations of the U.S.

In 2016, China produced nearly 500,000 scientific papers according to data from global information analytics firm Elsevier, taking the number 2 spot globally and closing in on America's 600,000.

President Xi Jinping this week struck a conciliatory note on trade, promising to cut tariffs on cars - a key point of USA anger - and other imports, as well as further open up the economy, which drew a warm response from Trump.

By blaming China, Mexico and a host of other nations for America's job losses, the Trump administration is sending the message that a nation's prosperity can be achieved only by going back to a golden age and building walls to keep people from elsewhere out.

Trump, however, said "we're having some great discussions", though he showed no sign of backing down on his threat to impose tariffs on a total $150 billion worth of Chinese goods.

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"The highways we have been using can only carry vehicles passing by, and they are like the 1.0-generation product", Zhou Yong, Qilu's general manager was quoted as saying.

Calling for the relevant parties to return to the framework of worldwide law and resolve the Syria issue through dialogue and negotiation, Chinese Foreign Ministry spokesperson Hua Chunying said Beijing is opposed the use of force.

Indian movies have done very well at the Chinese box office since past year, raking in millions of dollars.

The working groups discussed the possibility of aligning the Make in India Initiative and Made in China 2025.

China's global trade balance swung to a rare deficit in March as exports shrank but its surplus with the United States, the centre of a worsening dispute with Washington, stood at $15.4 billion.

China's top economic official, Premier Li Keqiang, appealed to Washington on Tuesday to "act rationally" and said, "we don't want to see a trade war".

As one of those that responded to the poll put it: "Tariffs are generally a bad idea, but Communist China is a notable exception".

Finally, a full trade war would also have significant implications for key US allies, namely South Korea, whose economy would suffer drastically.

"The skyrocketing deficit has taken its toll on the USA economy over the ensuing decades".

Broad M2 money supply grew 8.2% in March from a year earlier, missing forecasts for an expansion of 8.9% and compared with 8.8% in February. Is Chinese policy really changing?


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