Global stocks rise on US-China trade hopes

Global stocks rise on US-China trade hopes”

Analysts estimate the garrison numbers between 8000 and 10,000 troops split between bases in southern China and a network of barracks in Hong Kong, which Beijing now administers as a Special Administrative Region (SAR).

"The American people must continue to stand shoulder to shoulder with the people of Hong Kong".

Beijing told Lam not to withdraw the bill, or to launch an inquiry into the tumult, including allegations of excessive police force, according to the senior government official.

The protest would mark five years since Beijing ruled out universal suffrage for Hong Kong and comes as Hong Kong faces its first recession in a decade, with all its pillars of growth under stress.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 percent but stayed near a recent 7-1/2 month trough. The Organization of Petroleum Exporting Countries and its allies said this week they expect to deplete the global oil surplus with their cuts, and falling inventories in America are indicating some level of success. "The situation is far more complicated than most people realise".

The protests have posed the biggest challenge for Communist Party rulers in Beijing since President Xi Jinping took power in 2012.

Ahead of the September 1 deadline, Washington and Beijing indicated they would resume trade talks, with Trump saying some discussions were taking place and that more are scheduled.

Beijing is required by bilateral agreements to inform Taipei if a Taiwanese is detained in China, but the government had not received any communication so far, he said. The news agency also was unable to establish the precise timing of the rejection.

China recently rejected a formal submission from Hong Kong for a "full withdrawal" of an unpopular extradition bill.

However, the continued demonstrations have grown into Hong Kong's greatest political crisis since it returned to Chinese rule in 1997.

The question of Beijing's influence strikes at the heart of Hong Kong's "one country, two systems" governance, which promised the city a high degree of autonomy and wide-ranging freedoms that don't exist in mainland China. Lam's report to the was given before an August 7 meeting in Shenzhen over the Hong Kong crisis headed by senior Chinese government officials, and delved into the possibility of acquiescing to some of the demands of protestors to calm tensions, according to Reuters' sources. Ip did not know about the proposal to withdraw the bill.

At the Shenzhen meeting, Zhang Xiaoming, the head of the HKMAO, said in televised public remarks that if the turmoil persisted, "the central government must intervene". USA tariffs have been imposed on $250-billion of Chinese products so far since the trade war began in 2018.

Today, Joshua Wong, a prominent democracy activist, was arrested, according to his political party, Demosisto.

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