Beijing tells Trump to be 'patient' after trade gap widens

A Chinese couple died in a car crash. Four years later, their child was born.

"China's import could be more resilient than export growth in our view as China has pledged to increase imports", said Lisheng Wang, an economist at Nomura in Hong Kong.

After President Xi Jinping's speech to the Boao Forum on Tuesday, in which the Chinese leader pledged further market opening and a lowering of tariffs on cars and other imports, the USA side has sought to present a positive take on the trade situation.

"I have only myself to blame and deserve my punishment".

Chinese state broadcaster China Central Television showed footage of the President boarding one of his destroyers which then sailed to an unnamed location in the contentious waters to watch the drills. "That's the way it works", he said amid an applause.

"I was very proud of something I did at Mar-a-Lago, in Florida".

"We hope both China and the U.S. can solve the disputes with wisdom and respect, in a constructive way", Spokesman Huang said.

Earlier, experts suggested that one of the goals of the United States unleashing a trade war against China was to prevent the strengthening of the yuan's worldwide position as a reserve currency. Now, they hadn't sold it in, what, 14 years or something.




"China is opening sectors where they already have a distinct advantage, or a stranglehold over the sector", Short said, citing its banking industry, which is dominated by domestic players.

Mr Jing said the measures being taken by the Trump White House run counter to the principles and spirit of the WTO and are not beneficial to the USA and its economic interest. And we did other things too.

After Trump unveiled another set of planned tariffs last Friday, Xi this week struck a conciliatory note, promising to cut tariffs on cars - a key point of U.S. anger - and other imports, as well as further open up the economy.

Ever since Democratic Progressive Party leader Tsai Ing-wen (蔡英文) was sworn in as president in May 2016, China has been taking a more aggressive stance on Taiwan issues, dropping direct talks and sending military aircraft and vessels close by the island.

Trump clearly regarded the remarks as conciliatory, and said again Thursday that it was a "good speech".

Trump's economic advisor Larry Kudlow said the U.S. was receiving good signals from China for change in the past few days. Great discussions are going on. And if you open that pot, there will be better growth and more prosperity for every part of this country and every working person in this country.

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