Chinese Envoy Briefs South Korean Leaders on Kim Jong Un Visit
Industrial activity is helping the world's biggest exporter power through the uncertainty from President Donald Trump announcing fresh tariffs on $50 billion of Chinese imports and Beijing's own retaliation against levies on metals.
Market views on the yuan´s exchange rate are divided, but uncertainties regarding cross-border capital flows still exist, including rising trade protectionism, the State Administration of Foreign Exchange (SAFE) said on Thursday in a statement.
"The latest US trade measures towards China are typical trade protectionism with cold war and a zero-sum mentality".
He said many South Koreans are urging the government to seek close, joint action with China against a fine dust problem in the country as it is attributed not only to domestic factors, but also to Chinese factors.
Regarding any escalation of trade friction between China and the US, Gao said the country's stance has been very clear: China has no intention of being involved in a trade war, as it has been busy developing its role in global partnerships and businesses, but the country is not afraid to fight in a trade war if it is forced into one.
China has long said it would like to import more US high-tech goods, including high-end chips, but has been stymied by USA export controls set on national security grounds.
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Asked on CNBC whether negotiations with Beijing could avoid tariffs, Lighthizer said: "I think there is hope".
Faced with the prospect of a U.S.
"Taiwan is also a victim of such unfair trade practices as dumping", Chiou said at a press conference after the weekly Cabinet meeting where issues related to the escalation in U.S.
"The United States must abandon unilateralism and protectionism, take measures and resort to dialogue and consultation to settle disputes", Gao said.
On Wednesday, Trump's top trade envoy said he would give China a 60-day window before tariffs on Chinese goods take effect, but added that it would take years to bring the two countries' trading relationship "to a good place".
But a source in the USA semiconductor industry said US companies have slightly more than 50 percent of China's market for chips, though export data does not reflect that because much of the product is sent offshore for low value added processing.
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