• European and Asian stocks upThe two countries said deputy-level officials would work together in mid-September to lay the groundwork for the meeting, which comes after the world’s two largest economies have moved to impose tariffs on each other. Beijing said it hopes for “substantive progress” during talks next month.
Ipek Ozkardeskaya, a senior analyst at London Capital Group, said despite the October U.S.-China meeting, there isn’t a market expectation that it will lead to an immediate resolution. In addition to the exchange of goods, the U.S. and China also have to reconcile concerns about patents and access to the internet, which the Chinese government censors.
China’s state media, citing Wednesday remarks from a meeting chaired by Premier Li Keqiang, said the government plans to use monetary policy, including cuts to banks’ reserve requirement ratios, to stimulate the economy and support small enterprises. China has retaliated, hitting items such as American soybeans and some U.S. auto parts with higher punitive tariffs of 30% and 35%. It is also letting the Chinese yuan depreciate to help mitigate the impact of the levies.
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US& China must realise that trade war between them is creating too many problems for world economy
The evil CCP controls the HK stock market, always do whatever they want.👎👎👎
Head fake
GlazersOut
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
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