Beijing urges Washington to hold talks to end trade war
Beijing China has warned the United States to refrain from restricting investment between the two countries. Beijing's Foreign Ministry called on Washington to negotiate an end to the trade war, causing negative trends in the development of the global economy. It should be noted that the latest reaction from China comes at a time when US President Donald Trump's administration is considering the possibility of excluding Chinese companies from the list of US stock exchanges.
Shares of Chinese companies Alibaba Group, JD.com, Pin Doo, wiping companies Bazan and IQIII fell 2 to 4 percent after the news broke. China's currency in offshore markets has dropped 0.4 percent against the US dollar in 3 weeks 'Foreign Ministry spokesman Gang Shuang said that ending trade relations between the US and China would hurt both countries' interests and people, The financial market will cause chaos and threat to international trade and global economic growth.
On the other hand, White House trade advisor Peter Nourva dismissed reports on the removal of Chinese companies from the US stock exchange list. On the other hand, the US broadcaster described the news on the US stock exchange as "fake". Shares of Chinese companies Alibaba and Dotcom recorded a slight improvement following the White House trading advisor's statement.
It was reported that the possibility of Chinese companies' exit from the US market is a cause for concern for investors. According to the local company, the US stock exchange has more than $ 40 billion invested by Chinese companies. It should be noted that on March 22 last year, US President Donald Trump signed an order imposing nearly $ 60 billion in taxes on imports of Chinese products. China has since increased its import duty on 128 US products by 25%. The US intended to impose further restrictions on Chinese investment and export controls, and $ 50 billion worth of Chinese The technology will impose a 25% tax.
Beijing China has warned the United States to refrain from restricting investment between the two countries. Beijing's Foreign Ministry called on Washington to negotiate an end to the trade war, causing negative trends in the development of the global economy. It should be noted that the latest reaction from China comes at a time when US President Donald Trump's administration is considering the possibility of excluding Chinese companies from the list of US stock exchanges.
Shares of Chinese companies Alibaba Group, JD.com, Pin Doo, wiping companies Bazan and IQIII fell 2 to 4 percent after the news broke. China's currency in offshore markets has dropped 0.4 percent against the US dollar in 3 weeks 'Foreign Ministry spokesman Gang Shuang said that ending trade relations between the US and China would hurt both countries' interests and people, The financial market will cause chaos and threat to international trade and global economic growth.
On the other hand, White House trade advisor Peter Nourva dismissed reports on the removal of Chinese companies from the US stock exchange list. On the other hand, the US broadcaster described the news on the US stock exchange as "fake". Shares of Chinese companies Alibaba and Dotcom recorded a slight improvement following the White House trading advisor's statement.
It was reported that the possibility of Chinese companies' exit from the US market is a cause for concern for investors. According to the local company, the US stock exchange has more than $ 40 billion invested by Chinese companies. It should be noted that on March 22 last year, US President Donald Trump signed an order imposing nearly $ 60 billion in taxes on imports of Chinese products. China has since increased its import duty on 128 US products by 25%. The US intended to impose further restrictions on Chinese investment and export controls, and $ 50 billion worth of Chinese The technology will impose a 25% tax.
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