BEIJING: China wants to work out an initial trade pact with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is not afraid to retaliate when necessary. Economists warn that a prolonged dispute between the world`s two largest economies is elevating risks to the global economy by disrupting supply chains, curtailing investment and curbing business confidence. "We want to work for a `phase one` agreement on the basis of mutual respect and equality," Xi told representatives of an international forum, according to a pool report. "When necessary we will fight back, but we have been working actively to try not to have a trade war. We did not initiate this trade war and this is not something we want." Live TV Xi was responding to questions from representatives of the New Economy Forum organised by Bloomberg LP at the Great Hall of the People in Beijing. Global financial markets retreated this week on fresh fears that the trade talks could … [Read more...] about China’s President Xi Jinping says he wants to work out initial trade deal with US
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US urges Pakistanis to pose tough questions to China on CPEC
WASHINGTON: The Trump administration has urged Pakistanis to ask tough questions to China on the China Pakistan Economic Corridor, as a top American diplomat launched a blistering attack on the multi-billion dollar project which the official claimed is going to take a toll on Islamabad's economy. The China Pakistan Economic Corridor (CPEC) is a planned network of roads, railways and energy projects linking China's resource-rich Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea. The CPEC was launched in 2015 when President Xi Jinping visited Pakistan and it now envisages investment of over USD 50 billion in different projects of development in Pakistan. "We hope Pakistanis will ask Beijing tough questions on debt, accountability, fairness and transparency... Ask the Chinese government why it is pursuing a development model in Pakistan, that significantly deviates from what brought China its own economic success," Principal Deputy Assistant … [Read more...] about US urges Pakistanis to pose tough questions to China on CPEC
US shares India’s concerns on China’s One Belt One Road project: Wells
The US has extended its support to India’s opposition to China’s ambitious One Belt One Road (OBOR) initiative, saying it shares New Delhi’s concern over the multi billion-dollar project while questioning the economic rationale behind it.India is the only major country in the world to have opposed the OBOR project on the grounds of territorial sovereignty, given that its flagship project, the China-Pakistan Economic Corridor (CPEC), passes through Pakistan-occupied Kashmir, which India has always maintained is its territory.The Belt and Road Initiative, a pet project of Chinese President Xi Jinping, focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe.India has been “crystal clear from the outset they saw the geopolitical elements of the One Belt One Road,” Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said in response to a question at Woodrow Wilson International Centre … [Read more...] about US shares India’s concerns on China’s One Belt One Road project: Wells
US Shares India’s Concerns on China’s One Belt One Road Project, Questions Its Economic Basis
Washington: The US has extended its support to India's opposition to China's ambitious One Belt One Road (OBOR) initiative, saying it shares New Delhi's concern over the multi billion-dollar project while questioning the economic rationale behind it. India is the only major country in the world to have opposed the OBOR project on the grounds of territorial sovereignty, given that its flagship project, the China-Pakistan Economic Corridor (CPEC), passes through Pakistan-occupied Kashmir, which India has always maintained is its territory. The Belt and Road Initiative, a pet project of Chinese President Xi Jinping, focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe. "India has been crystal clear from the outset they saw the geopolitical elements of the One Belt One Road," Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said in response to a question at Woodrow Wilson International Centre for Scholars … [Read more...] about US Shares India’s Concerns on China’s One Belt One Road Project, Questions Its Economic Basis
‘US shares India’s concerns on China’s One Belt One Road project’
Washington: The US has extended its support to India's opposition to China's ambitious One Belt One Road (OBOR) initiative, saying it shares New Delhi's concern over the multi billion-dollar project while questioning the economic rationale behind it. India is the only major country in the world to have opposed the OBOR project on the grounds of territorial sovereignty, given that its flagship project, the China-Pakistan Economic Corridor (CPEC), passes through Pakistan-occupied Kashmir, which India has always maintained is its territory. The Belt and Road Initiative, a pet project of Chinese President Xi Jinping, focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe. India has been “crystal clear from the outset they saw the geopolitical elements of the One Belt One Road,” Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said in response to a question at Woodrow Wilson International Centre … [Read more...] about ‘US shares India’s concerns on China’s One Belt One Road project’
