Presidents Donald Trump and Xi Jinping are scheduled to join other world leaders at the Group of Twenty summit in Osaka in late June. The world will be watching if the event paves the way for breaking the current trade talk deadlock. Chen Deming, China’s commerce minister from, told Bloomberg Television in an interview Thursday that he sees the chances being low.
over who wrecked negotiations. The last time Trump and Xi met face-to-face was at the previous G-20 summit in Argentina. That meeting yielded a months-long truce. Chen echoed that sentiment. The trade conflict with the U.S. will have an adverse effect on China, but will be controllable, he said. And the country should hit its growth target of 6%-to-6.5% this year, according to Chen.
Many Chinese students have gone overseas to study and in a few years they can help China close the technology gap, according to Chen. “If you go forward to that time, we will thank President Trump, because it was his policies that led us to be able to make for ourselves all the things we used to purchase from around the world.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Lagarde Says Trade Risks Becoming Reality as Global Growth SlowsFears that rising trade tensions might undermine global growth are becoming a reality, contributing to a widespread slowdown in the world economy, according to International Monetary Fund Managing Director Christine Lagarde.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick Analysis: A heroic, if somewhat sceptical, defence of free tradeIf there is one event that had really marked the current era it’s that terrible phrase ‘trade war’. Yet US President Donald Trump is putting ideology and politics before history and logic pursuing this chimaera, something oddly akin to what leaders in communist countries used to do. He should re-read his Ricardo. He has read Ricardo, right?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Thursday, June 6: Five Things You Need to Know to Start Your DayBoeing is in talks for a megadeal that the trade war could derail. Asia equity futures are mixed after a U.S. stock advance. And the Trump administration readies a $2 billion Taiwan arms package. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Fiat Chrysler withdraws merger offer for Renault, blames French politicsFiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Just gotta love that French arrogance !
Source: dailymaverick - 🏆 3. / 84 Read more »
Technical recession unlikely after first quarter GDP contraction - experts | IOL Business ReportIt was unlikely that SA would plunge into a technical recession in the second quarter of 2019 according to Dawie Roodt. Brexit unlikely! Trump presidency unlikely. After 3,2% growth drop, loadshedding, retrenchment a bloodbath, zero confidence, trade war, ANC implosion... a recession unlikely... yes sure ja
Source: IOL - 🏆 46. / 51 Read more »