Economy

USA commerce secretary strikes upbeat tone on Beijing visit

USA commerce secretary strikes upbeat tone on Beijing visit”

Ross told China there was a need for it to "guarantee fair and reciprocal treatment for USA firms" during a visit to Beijing, where he tried to strike an upbeat tone amid trade tensions between the two countries.

China hopes the countries can improve economic and trade ties and that their common interests outweigh their differences, Mr Li told Mr Ross on Monday in brief comments to reporters before the meeting.

China committed to further market opening and welcomed participation by US firms, with both sides supporting talks to resolve trade frictions, it said.

Ross met Sunday with his Chinese counterpart, Zhong Shan.

The world's two top economies have been at odds over how to handle North Korea's nuclear threat, with Beijing repeatedly calling for peace talks and the United States pressing for massive economic pressure on China's ally.

U.S. Commerce Secretary Wilbur Ross said Tuesday there was a good tone during his trip to Beijing to meet Chinese officials in advance of President Donald Trump's visit later this year amid growing trade frictions.

Ross gave no details, but Trump has criticized China's large trade surpluses with the United States and threatened to raise tariffs on steel.

Ross met with several senior Chinese officials including Premier Li Keqiang and Vice Premier Wang Yang over the weekend to discuss some of the key frictions in the trade relationship, including protection of United States intellectual property and sensitive technology, according to a readout of his meetings.

Last Friday, China announced that it would restrict some oil product exports to North Korea, as Mr Trump seeks to further isolate Mr Kim Jong Un's regime. But U.S. business groups have expressed disappointment that the talks have not yielded more progress in getting China to loosen restrictions on foreign investment in many sectors.

Chinese leaders have tried to head off punitive USA action by emphasizing the benefits of the world's biggest trading relationship.

Ross's visit comes a month after Trump ordered a trade investigation into China's intellectual property practices, which prompted Beijing to warn of potential retaliation.

In August, Trump authorised an inquiry into China's alleged theft of intellectual property - the first direct trade measure by his administration against Beijing.



Like this

Latest


27 September 2017
Jordin Sparks sings the national anthem NFL game with hidden message
Jordin's bold move sparked plenty of reaction on social media. "Both your voice and your message", one user wrote on Twitter . On her left hand, the hand she held the microphone with, Sparks had written "PROV. 31: 8-9".

27 September 2017
McEwen Mining Inc. (MUX)
Over a month, it has seen its stock price volatility to stay at 5.36% while shortening the period to a week, volatility was 5.64%. The stock of McEwen Mining Inc (NYSE: MUX ) hit a new 52-week low and has $1.93 target or 3.00 % below today's $1.99 share price.

27 September 2017
Walker admits Guardiola's love of attacking full-backs motivated Spurs exit
Ramon Cugat , a specialist trusted by Pep Guardiola was has treated many players since Pep took over at City. According to Sam Lee of Goal , Mendy has traveled to Barcelona to meet Dr.

27 September 2017
President Trump to Visit 'Devastated' Puerto Rico Next Week
His tweets were the first comments he'd made on the island's situation since hours before Maria made landfall on September 20.

27 September 2017
Bannon-backed candidate beats Trump's pick for Alabama Senate seat
Beasley said he also had concerns that the twice-ousted chief justice "might have more of a negative image for the state". Moore is casting unusual as being part of the problem in Washington since he's supported by the GOP establishment.

27 September 2017
Anderlecht v Celtic preview: Brendan Rodgers confident his side will improve
Celtic's last Champions League group stage victory was a 2-1 home success against Ajax on 22 October 2013. He is available and myself, along with the medics, have looked what is going to be the best for him.

27 September 2017
Sen. Bob Corker won't run for re-election
His leadership and wisdom in the Senate will be missed, but I have complete faith in his judgment and respect his decision. Joe Carr - all of whom are far to the right of Corker on many issues.

27 September 2017
Genocea Biosciences, Inc. (NASDAQ:GNCA) Stock - Is it Oversold?
Zacks Investment Research raised Genocea Biosciences from a "sell" rating to a "hold" rating in a report on Thursday, August 17th. Genocea Biosciences, Inc . ( GNCA ) recently closed with rise of 4.23% to its 20-Day Simple Moving Average.

27 September 2017
Merkel to Netanyahu: Talks with Israel will be held when government forms
Netanyahu said Tuesday that Israel is concerned over the rise of anti-Semitism in "the right and left and among Islamic elements".

27 September 2017
Costa: No bitterness towards Conte
It means you have a daughter you'd be open to have this type of person with your daughter, to marry your daughter. The striker hit his first hat-trick for the club as Chelsea beat Stoke 4-0 in the Premier League on Saturday.



Recommended