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Newpaper24 - Global online News around the World 2767acec-5903-11e8-a7d9-186ba932a081_image_hires_221036 Why US and China commerce talks could provide hope for agricultural, medical and tech corporations - NEWPAPER24  Newpaper24 - Global online News around the World 2767acec-5903-11e8-a7d9-186ba932a081_image_hires_221036 Why US and China commerce talks could provide hope for agricultural, medical and tech corporations - NEWPAPER24

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Why US and China commerce talks could provide hope for agricultural, medical and tech corporations – NEWPAPER24

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Why US and China commerce talks could provide hope for agricultural, medical and tech corporations

2018-05-16 14:10:43


China and the US could possibly be inching in the direction of offers in particular sectors corresponding to agriculture, medication and know-how within the newest spherical of commerce talks between the 2 sides in Washington.

Observers highlighted the potential areas for compromise after vice-premier Liu He, the highest financial aide for Chinese language President Xi Jinping, arrived within the US capital on Tuesday for talks aimed toward averting a commerce battle that can proceed till Saturday.

Liu was accompanied by prime Chinese language officers corresponding to central financial institution governor Yi Gang, deputy minister of business and knowledge know-how Luo Wen and deputy agricultural minister Han Jun, in accordance with the state information company Xinhua – an indication that their respective areas of accountability have been prone to type key elements of the agenda. Neither Luo nor Han took half in an earlier spherical of talks with US officers in Beijing that ended with no settlement.

Newpaper24 - Global online News around the World  Why US and China commerce talks could provide hope for agricultural, medical and tech corporations - NEWPAPER24

Though basic disagreements between each side stay, China is predicted to have introduced “presents” to the US this week – which can embody guarantees to scale back the commerce deficit, cut back tariffs, and increase market entry, in accordance with Du Lan from the China Institute of Worldwide Research.

“The US delegation got here [to Beijing in May] with a really excessive asking worth, however the calls for from each side needs to be decrease this time, as mirrored by Trump’s alerts about resolving the ZTE challenge,” she mentioned.

Her feedback referred to the US President’s shock tweet on Monday, by which he mentioned he had ordered the Commerce Division to get ZTE again on its ft, after the US banned corporations from working with the Chinese language telecoms big for violating sanctions on Iran.

Nevertheless, subsequent tweets by the US President highlighted a few of the potential sticking factors as he insisted that “nothing has occurred with ZTE besides because it pertains to the bigger commerce deal”.

He additionally repeated his declare that US was “shedding a whole lot of billions of {dollars} a 12 months to China”, including that US has “little to offer as a result of we now have given a lot through the years. China has a lot to offer!”.

If Trump does comply with via on his preliminary pledge to assist ZTE, Beijing could make concessions on agriculture, the place the majority of Chinese language tariffs on US items will fall, Nick Marro, an analyst with the Economist Intelligence Unit, mentioned.

Xi says ‘China can come out of commerce battle in higher form than US’

China has threatened to impose a 25 per cent tariffs on a spread of American merchandise, together with soybeans, which can hit the agricultural states the place assist for Trump is especially sturdy.

“There may be clearly an consciousness on the Chinese language facet that agriculture is a key sort of flashpoint, and it’s one thing that Trump clearly cares about,” Julian Evans-Pritchard, senior China economist at Capital Economics in Singapore, mentioned.

“The Chinese language may provide one thing in these areas, I’d think about, to compensate for the truth that they’re not prepared to supply the large modifications on industrial coverage that individuals just like the US Commerce Consultant [Robert Lighthizer] are actually pushing for.”

The presence of prime financial officers within the Chinese language commerce delegation, corresponding to Yi, the pinnacle of the Folks’s Financial institution of China, may additionally point out a willingness to open up the monetary sector.

These could embody a particular timeline for liberalising overseas possession guidelines within the automotive business, one thing Xi promised final month, and approving financial institution purposes to extend their stakes in securities.

Newpaper24 - Global online News around the World  Why US and China commerce talks could provide hope for agricultural, medical and tech corporations - NEWPAPER24

In parallel with the talks in Washington, vice-president Wang Qishan additionally sat down with key American enterprise leaders, together with Thomas Donohue, the pinnacle US Chamber of Commerce.

Others there included representatives from main US know-how, medical and monetary corporations, together with main names corresponding to Cisco and Qualcomm.

Why China’s level man for US commerce talks has the hardest job

The assembly may point out a willingness from the Chinese language facet to open its know-how markets to overseas corporations, whereas sustaining Beijing’s purple line of protecting Xi’s signature “Made in China 2025” initiative for to develop the home hi-tech sector.

“There not less than appears to be willingness to offer face time to the US, present that we’re listening to your issues about market entry within the info know-how business,” Marro mentioned.

Newpaper24 - Global online News around the World  Why US and China commerce talks could provide hope for agricultural, medical and tech corporations - NEWPAPER24

One of many attendees on the assembly with Wang was Daniel Rosen, founding father of the New York-based consulting group Rhodium Group, who argued that Liu could tackle structural points within the Chinese language financial system, such because the gradual progress in reforming state enterprises and wasteful financing, throughout the Washington talks.

“Liu He was answerable for broad and powerful criticisms of the structural issues in China’s financial system lately,” Rosen mentioned, including that it was seemingly he was critically engaged together with his US counterparts on points corresponding to these.

China will enhance its IPR safety – in its personal time

Along with assembly Wang, US enterprise representatives met different senior Chinese language figures at a discussion board in Beijing.

Delegates included representatives from the US medical business, such because the chief govt for diet firm Herbalife Worldwide and pharmaceutical firm Merck & Co, in accordance with a report by China Enterprise Information.

Marro mentioned US pharmaceutical corporations have been prone to be lobbying the Chinese language authorities to introduce shorter timelines for granting approval to their merchandise, including that the companies could possibly be a part of the US enterprise coalition Beijing hopes will provide a “moderating voice” to affect Washington.

Extra reporting by Catherine Wong



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Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill – NEWPAPER24

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Newpaper24 - Global online News around the World 2a89cbec-5f4a-11e8-a4de-9f5e0e4dd719_image_hires_214813 Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill - NEWPAPER24

Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill

2018-05-24 13:48:18


The Pentagon’s withdrawal of an invite for China to participate in a multinational naval drill within the Pacific this summer season has put navy belief between the 2 sides below larger pressure, analysts say.

The US navy stated on Thursday it had disinvited China from the Rim of the Pacific workout routines, the world’s greatest worldwide naval drill, citing “China’s continued militarisation of the South China Sea”.

It got here simply days after China’s air power landed a complicated H-6K strategic bomber on Woody Island within the Paracel group and deployed radar place, anti-ship and surface-to-air missiles on three newly constructed options on Fiery Cross Reef, Mischief Reef and Subi Reef within the Spratly Islands.

Subi Reef, situated some 1,200km (750 miles) from China’s coast, now has almost 400 particular person buildings – excess of the opposite Chinese language islands in line with personal sector knowledge, Newpaper24 reported on Thursday. It may very well be the long run location of a whole bunch of Chinese language marines and a doable administrative hub as Beijing tries to cement its declare to the disputed waterway with a civilian presence, safety analysts and diplomatic sources stated.

Newpaper24 - Global online News around the World  Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill - NEWPAPER24

The Pentagon stated in an announcement that Beijing’s actions within the South China Sea “elevate tensions and destabilise the area” so it had cancelled the invitation.

China’s defence ministry responded that “invited or not, China won’t ever change its dedication … to firmly defend its nationwide sovereignty and safety pursuits” within the South China Sea.

Ministry spokesman Ren Guoqiang reiterated Beijing’s claims over the South China Sea islands, saying its building and deployment of navy services there was “authentic” and “mandatory”, and had “completely nothing to do with militarisation”.

China protests being kicked out of US navy train

China took half within the US-led Rim of the Pacific drill – held off Hawaii each different yr in June and July – for the primary time in 2014 and once more in 2016. This yr’s invitation was despatched to Beijing in January and a Chinese language delegation then went to the US to debate logistics.

The US withdrawal of an invite to such a symbolic occasion comes at a troublesome time in relations between the 2 sides and is probably simply the primary setback in navy exchanges between them, stated Zhang Yuquan, a global relations specialist at Solar Yat-sen College in Guangzhou.

“If the US navy believes antagonistic acts within the area are within the US curiosity, we’ll see extra of this to return,” Zhang stated. “The US has grow to be fairly anxious about China’s rise lately.”

Newpaper24 - Global online News around the World  Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill - NEWPAPER24

Philip Davidson, incoming commander of the US armed forces within the Pacific, advised the Senate Armed Companies Committee final month that “China is now able to controlling the South China Sea in all situations in need of warfare with america”.

Together with China within the Pacific drills was “designed to assist with misunderstandings and to construct upon cooperation, which was supposed to assist cope with probably the most contentious points”, in line with Oriana Skylar Mastro, assistant professor of safety research at Georgetown College and Jeane Kirkpatrick visiting scholar on the American Enterprise Institute.

“The logic behind these navy exchanges has weakened,” Mastro stated.

“The US place was that by way of engagement, China would come to know that they had been higher off when the US is in cost,” she stated. “I assumed that was naive from the very starting, however now I feel many areas of the US authorities are coming to that conclusion.”

China’s navy and coastguard stage first joint patrols close to disputed South China Sea islands as ‘warning to Vietnam’

However the Pentagon’s transfer was not a shock given tensions between Washington and Beijing over commerce and politics, and it will not be an excessive amount of of a loss for the PLA Navy, stated Beijing-based naval skilled Li Jie. “The Chinese language weren’t a part of the core points anyway,” he stated, referring to the previous two drills the place China took half in areas similar to catastrophe reduction and search and rescue operations.

China’s participation previously two drills improved understanding between the Chinese language, US and different navies, its information of how overseas workout routines are performed, and expertise in worldwide search and rescue cooperation – but it surely didn’t assist a lot with its navy capabilities, in line with Li.

“It is a deliberate transfer to isolate China within the area,” he stated. “However the worst facet is when there’s a necessity for worldwide cooperation sooner or later, it gained’t be really easy for them to get that from China.”

Newpaper24 - Global online News around the World  Army belief below extra pressure after US tells China it could actually’t participate in Pacific naval drill - NEWPAPER24

The choice was introduced earlier than Chinese language Overseas Minister Wang Yi met his US counterpart Mike Pompeo in Washington. He stated at a joint press convention afterwards that the transfer was not constructive and was “unhelpful to the belief and cooperation between the Chinese language and US militaries”.

Pompeo stated he had raised US “concern” with Wang about Beijing’s actions within the South China Sea, and that he would depart choices about worldwide navy workout routines to the defence division.

Extra reporting by Zhenhua Lu



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Robert Kuok a part of Malaysian PM Mahathir Mohamad’s plans for robust ties with China | This Week In Asia – NEWPAPER24

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Newpaper24 - Global online News around the World fd6119d8-5f51-11e8-a4de-9f5e0e4dd719_image_hires_211253 Robert Kuok a part of Malaysian PM Mahathir Mohamad’s plans for robust ties with China | This Week In Asia - NEWPAPER24

Robert Kuok a part of Malaysian PM Mahathir Mohamad’s plans for robust ties with China | This Week In Asia

2018-05-24 13:13:00


Malaysia’s newly elected Prime Minister Mahathir Mohamad has given his clearest sign but as to what his China coverage shall be, telling high diplomats that Kuala Lumpur’s friendship with Beijing will stay stable.

In an inner memo to international affairs workers, dated Could 14 and obtained by This Week in Asia, Mahathir instructed international ministry secretary basic Ramlan Ibrahim that “our robust ties with China … will proceed to flourish”.

Again-to-back diplomatic strikes this week appeared so as to add weight to the assertion. Mahathir met with China’s ambassador to Malaysia, Bai Tian, on Thursday, a day after the prime minister dispatched his key adviser Robert Kuok to the Chinese language embassy to debate continued cooperation between the 2 nations.

Whereas the embassy has not launched an announcement on its assembly with Mahathir, it stated on Wednesday that Bai and Kuok mentioned continued cooperation between the 2 nations.

“Each of them agreed that China-Malaysia pleasant cooperation is within the elementary pursuits of the 2 nations and two peoples,” the embassy stated on its web site. “As an essential nation alongside the 21st century maritime Silk Highway underneath the ‘Belt and Highway Initiative’, Malaysia might additional profit from mutually useful and win-win cooperation with China.”

Kuok, who is predicated in Hong Kong and is Malaysia’s richest man, was appointed by Mahathir to take a seat on a particular council of advisers to the Malaysian authorities quickly after the election.

Bai spoke extremely of the contributions Kuok had made to Malaysian growth in addition to the progress of China-Malaysia relations. Bai additionally anticipated “Kuok would proceed to contribute to the longer term growth of China-Malaysia cooperation,” the embassy stated.

Hong Kong billionaire Robert Kuok to advise Mahathir throughout his transition

The assembly got here amid hypothesis that Malaysia, a detailed ally of China underneath Najib Razak’s administration, may very well be re-evaluating its relations with Beijing. Whereas Mahathir had repeatedly maintained he’s “not anti-China”, the 92-year-old has lengthy been referred to as a critic of Chinese language funding offers in Malaysia that he feared might worsen the Southeast Asian nation’s debt burden.

Throughout a tense election marketing campaign, Mahathir pledged to re-examine all China-led tasks authorised by Najib if he have been elected.

Since his landmark victory that ousted Najib and his ruling Barisan Nasional coalition, which had been in energy for 60 years, Mahathir has stated without delay that the tasks can be re-examined at the same time as he promised to honour all agreements, leaving analysts questioning about his subsequent strikes vis-à-vis China.

Enter Kuok and the image appears to have grow to be clearer, analysts say.

“Robert Kuok will surely be a really robust bridge between Beijing and Kuala Lumpur given his long-standing ties with each nations,” stated Tang Siew Mun, a senior fellow at ISEAS Yusof Ishak Institute in Singapore.

Oh Ei Solar, a senior adviser of the Asian Technique and Management Institute in Malaysia, agreed, saying Kuok’s confirmed enterprise acumen, in each China and Malaysia, has given him a excessive standing in each nations.

“Malaysia and China have historically loved very shut and resilient relations, particularly on the commerce and financial fronts. It is just pure that such intimate relationship would proceed underneath Mahathir, who was instrumental in laying the muse for such shut ties in his earlier administration,” Oh added.

Newpaper24 - Global online News around the World 1527172427_347_Robert-Kuok-part-of-Malaysian-PM-Mahathir-Mohamad’s-plans-for-strong-ties-with-China-This-Week-In-Asia-NEWPAPER24 Robert Kuok a part of Malaysian PM Mahathir Mohamad’s plans for robust ties with China | This Week In Asia - NEWPAPER24

Kuok was among the many first traders who went into China throughout its early days of opening up within the late 1970s and early 80s.

The 94-year-old, born within the southern Malaysian state of Johor, began off as a sugar service provider and over time grew his enterprise empire throughout the area in property, delivery, agribusinesses and logistics, together with the Shangri La Lodges and Resorts and the Hong Kong-based logistics large Kerry Group.

Will insulting Robert Kuok price Najib and Barisan Nasional the Malaysia election?

The billionaire is extensively seen as an icon of the nation’s 7.four million ethnic Chinese language and the abroad Chinese language diaspora. In his memoirs revealed final 12 months, Kuok wrote about China’s rise underneath the late paramount chief Deng Xiaoping and its present transformation underneath president Xi Jinping, and his personal dealings with the nation because it was opening up.

He additionally recounted how he had up to now been referred to as upon to behave as a conduit between the 2 governments of Malaysia and China, together with enjoying a pivotal position within the digital shutdown of the Malayan Communist Occasion, as soon as supported by China.

Kuok has been lauded by China as nicely. In 2013, he received a “China Financial Individuals of the 12 months”

awarded from state-owned China Central Tv.

“Kuok’s shut ties with China in addition to his background as Malaysian Chinese language has made him a perfect candidate in coping with Sino-Malaysia relations,” stated Huang Fei, a scholar at Xiamen College. Huang stated the current assembly may very well be thought of as Kuala Lumpur’s pleasant gesture to Beijing.

Kuok has acquired a hero’s welcome throughout his go to to Malaysia this week. In his memoirs, he had additionally criticised the Barisan Nasional for its race-based politics, prompting assaults from Najib and his coterie that they later retracted within the face of a public backlash.

On Tuesday, Kuok held a gathering with the council of elders, which is led by former finance minister Daim Zainuddin. Each males held fingers as they walked out of the assembly.

On Wednesday, other than his assembly with Bai, Kuok additionally referred to as on Mahathir and in a brief clip posted on the latter’s Twitter account, he’s seen greeting the prime minister and heard saying: “ … I salute you. You’ve saved the nation. After all with Daim’s assist”.

Mahathir replied: “Sure I do know. However I want your assist now”.

Whereas Kuok has lived in Hong Kong for the reason that late 1970s, in his memoir he stated he nonetheless thought of his nation of delivery his true residence.

With extra reporting by Bhavan Jaipragas



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China says it hasn’t discovered ‘motive or clues’ behind US employee’s mind harm – NEWPAPER24

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Newpaper24 - Global online News around the World 1ff30d3e-5f3f-11e8-a4de-9f5e0e4dd719_image_hires_185009 China says it hasn’t discovered ‘motive or clues’ behind US employee’s mind harm - NEWPAPER24

China says it hasn’t discovered ‘motive or clues’ behind US employee’s mind harm

2018-05-24 10:50:12



China has discovered no clues to find out what prompted a US authorities worker to undergo a mind trauma after experiencing uncommon sounds, the international ministry mentioned on Thursday.

The US State Division has mentioned the incident within the southern metropolis of Guangzhou resembled the nonetheless unexplained accidents that befell US and Canadian diplomats in Cuba final yr.

“China has carried out a really cautious investigation and has given preliminary findings to the US, and we haven’t discovered the explanation or clues that led to the state of affairs talked about by the US,” international ministry spokesman Lu Kang advised a daily press briefing.

“China has at all times adopted the Vienna Conference on diplomatic relations and consular relations to guard the US diplomatic workers and workers from different nations,” Lu mentioned.

US diplomat in China exhibits signs of ‘delicate’ mind harm in case that echoes thriller Cuban embassy sickness

The US embassy in Beijing issued a well being alert on Wednesday over the incident, whereas saying it didn’t know what prompted the signs or of any related conditions within the nation.

The well being alert mentioned the worker “just lately reported delicate and imprecise, however irregular, sensations of sound and strain”.

The unidentified US citizen skilled a wide range of bodily signs between late 2017 and April this yr. The particular person was despatched to the US for additional analysis and on Might 18 the embassy discovered that the sufferer had delicate traumatic mind harm (MTBI).

Throughout a go to to Washington on Wednesday, Chinese language International Minister Wang Yi mentioned China had not “discovered that any organisation or particular person has carried out such a sonic affect”.

Wang warned in opposition to the case being “politicised”.

Cuban investigators say US allegations of sonic assault are ‘science fiction’

US Secretary of State Mike Pompeo mentioned the medical indications have been “very related and completely constant” with what occurred in Cuba.

“We’re working to determine what occurred each in Havana and now in China as properly,” he mentioned.

Final yr 24 US diplomats and their members of the family in Cuba fell sufferer to mysterious “assaults” that left them with accidents resembling mind trauma. Ten Canadian diplomats and their family members additionally suffered an odd sickness.

Each nations scaled again their presence on the Caribbean island because of the drawback, which continues to baffle investigators and has strained US diplomatic relations with Havana.



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