Xi Says Hainan FTZ Shows China Reform and Opening Up Commitment

Total trade with the US rose 6.3% in the quarter

Total trade with the US rose 6.3% in the quarter

A USA aircraft carrier has sailed through the South China Sea on its way to Manila, in the Philippines, amid escalating tensions with China over Beijing's military development in the disputed maritime region.

Fears of a trade war have been rumbling since last month as President Donald Trump has threatened a series of tariffs on hundreds of billions of dollars of Chinese goods, sparking tit-for-tat warnings from Beijing.

China will introduce foreign investors to trade in domestic iron ore futures from May 4, according to the country's securities regulator.

Ahead of a visit by president Xi Jinping to speak at the island's Boao Forum, Hainan's chief investors have warned China is losing out on gaming revenue.

Another US carrier, the USS Carl Vinson, patrolled the waters disputed last month, participating in an anti-submarine drill in the South China Sea with Japanese forces and visiting Vietnam with its 5,000-strong crew, the largest US military presence there since the Vietnam War ended in 1975.

Further to that strategy, it has been learned that The Trump Administration is working on a program, which could cost billions of dollars, to compensate farmers suffering from Chinese retaliatory tariffs on U.S. crops. His speech did not specifically mention the United States or its trade policies, which have been assailed by Chinese state media in recent days.

The latest data showed China continues to benefit from the two-way trade.

Trump has portrayed the issue in a more favourable light.

At a time when the U.S. is increasingly backing away from global commitments, China and India can fill in the vacuum, just as they did in the case of climate change negotiations where both countries pledged they will reducing greenhouse gases by 2020, even as the United States later pulled out of the Paris Accord. "We are going to back up freedom-of-navigation operations and let them know we will fly, sail and operate wherever worldwide law allows".

"You can't stop Chinese people from gambling", said Pei Guangyi, one of the scholars.

So far the large threats wielded by both sides have not been implemented.

During Trump's first year in office the surplus reached record highs - $375 billion by U.S. counting, or $276 billion according to Chinese data.

China's average annual growth was 7.2 percent in 2013-2016 calculated with 2010 USA dollar prices, noticeably faster than 2.1 percent for the United States, 1.2 percent for the eurozone, 1.1 percent for Japan and 2.7 percent world growth in the same period.

Recommended News

  • ExxonMobil (XOM) Downgraded by Vetr

    ExxonMobil (XOM) Downgraded by Vetr

    Analyst established EPS growth expected to grow of 72.40% for this year and EPS growth for next year is likely to attain at 0.53%. Priceline.com had 101 analyst reports since July 21, 2015 according to SRatingsIntel. 164,466 were accumulated by Morgan Stanley.
    Sega Mega Drive Mini Console Revealed

    Sega Mega Drive Mini Console Revealed

    Marking the 30th anniversary of the Mega Drive in its native Japan, the console sports the same design as the original model. What do you think? Both the exact lineup and total number of playable games is now unknown.
    Karnataka poll schedule was not leaked: EC Committee

    Karnataka poll schedule was not leaked: EC Committee

    Parameshwara and other States leaders called on the former Congress president Sonia Gnadhi and sought her support. Going by the India Today-Karvy Insights opinion poll, H D Deve Gowda's JD (S) will be the kingmaker in Karnataka.
  • Man United played loud music to spite Man City after derby win

    Man United played loud music to spite Man City after derby win

    At Old Trafford, United manager, Jose Mourinho had asked City to turn down their music and show more respect. Paul Pogba revealed Michael Carrick instigated the move for players to have their pound of flesh.
    Government congratulates Team SA for Commonwealth performance

    Government congratulates Team SA for Commonwealth performance

    Following the 2012 Olympics, Yadav moved up to middleweight, winning a bronze medal at the 2014 Asian Games. Latey had trained with scores of elite Indian Olympic athletes, yet Mary stood out.
    National Film Awards: Posthumous honour for Sridevi

    National Film Awards: Posthumous honour for Sridevi

    The late Sridevi was on Friday named the Best Actress posthumously for her role as a vengeful mother in the Hindi film Mom . Jayaraj won best director for " Bhayanakam " and the film also took home the cinematography and adapted screenplay awards.
  • Rift among abductors of Chibok girls delays release talks - Nigerian president

    Rift among abductors of Chibok girls delays release talks - Nigerian president

    Two of the girls, Amina Nkeki and Salomi Pogu, had earlier escaped from captivity and was later found in the bush by soldiers. The statement read thus: "It is unfortunate that four years after, all of our daughters have still not been accounted for".
    Wrighty: Mourinho wants to sell Martial ahead of Man Utd teammate Rashford

    Wrighty: Mourinho wants to sell Martial ahead of Man Utd teammate Rashford

    When asked if he wants to bring in more competition for Lukaku this summer, he said: "I don't". I probably have to reduce and have a squad of 12 or 13 players.

    Liverpool's Champions League odds, Tottenham vs Man City

    City have won 5-1 at Spurs on two occasions, and ominously for Spurs, in each of those seasons, the blues won the Premier League. I expect goals, but I think this will be open and entertaining, and can't entirely decide who will get the better of this one.
  • Mehbooba Mufti calls crucial PDP meeting, coalition with BJP on stake

    Mehbooba Mufti calls crucial PDP meeting, coalition with BJP on stake

    She said a sense of justice had been reinforced in the state and urged "New Delhi to wake up to the Kashmir cauldron". She has also terminated the services of four policemen accused in the case.
    Rolls-Royce to step up inspections of Trent 1000 engines

    Rolls-Royce to step up inspections of Trent 1000 engines

    Not all Dreamliners are powered by Rolls-Royce engines and those using General Electric GEnx engines are also unaffected. In March, Rolls said the cash hit from the problem should peak at £340mn in 2018 before falling in 2019.
    Man arrested after allegedly shooting into Salisbury home

    Man arrested after allegedly shooting into Salisbury home

    Police said an additional nine victims of unreported mail thefts and vehicle prowls have been identified. Dryden Police were called Tuesday to a home in the Village for a reported fight.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.