Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
XAG Unveils Farming Drones That Don’t Always Need Piloting
Singapore Says China Didn’t Violate Local Laws by Blocking the Meta-Manus Deal
Meituan Open-Sources 1.6-Trillion-Parameter AI Model Built on Chinese Chips
LATEST
Ant Group Bets Bigger on AI Healthcare
XAG Unveils Farming Drones That Don’t Always Need Piloting
Singapore Says China Didn’t Violate Local Laws by Blocking the Meta-Manus Deal
Meituan Open-Sources 1.6-Trillion-Parameter AI Model Built on Chinese Chips
Tencent Launches Final Hunyuan 3 Model With Free AI-Agent Feature
Alibaba, ByteDance Pull Persona Chatbots as China Tightens AI Rules
Alibaba Bans Staff From Using Anthropic AI Tools Over Security Concerns
Kuaishou Secures Nearly $3 Billion for AI Video Unit
Alibaba Streamlines AI Work Tools as Competition Mounts
Unitree Robotics Wins Approval for $618 Million STAR Market IPO
Chinese Startup X Square Robot Hits 20 Billion Yuan Valuation
Wanda Ordered to Pay Suning 1.75 Billion Yuan Over Failed IPO
Volkswagen Urged to Build China-Developed Cars in Germany to Protect Jobs
China Mobile Sets Up Token Office to Scale AI Services
UBTech Launches Lifelike Humanoid Robots in Push for Consumer Market
Geely-Backed Polestar Forced Out of U.S. by Chinese Auto Tech Ban
DeepSeek Plans Major Hiring Spree After $7.4 Billion Funding Round
Anyverse Dynamics Raises Over $200 Million as China’s Robotics Funding Boom Accelerates
Europe Has a Lot to Learn From China About Electric Trucks, Volvo CTO Says
Embodied AI Startup Kunlunxing Lands Multibillion Yuan Raise

By Bloomberg / Dec 05, 2018 09:49 AM / Economy

People use their smartphones to take photographs from a viewing platform overlooking the Port of Ningbo-Zhoushan in Ningbo

People use their smartphones to take photographs from a viewing platform overlooking the Port of Ningbo-Zhoushan in Ningbo

China said Wednesday the trade meeting with the U.S. was “very successful” and is “confident” of implementing the results agreed upon at the talks, but didn’t provide any further details on the outcome.

China will start to quickly implement specific items where there’s consensus with the U.S., and will push forward on trade negotiations with the U.S. within the 90-day "timetable and road map."

The Ministry of Commerce’s statement was the first official confirmation from China that there’s a 90-day window for the talks, although there was no mention that the U.S. has threatened to raise tariffs again if a deal isn’t reached at the end of it.

Global markets cheered the weekend accord on Monday, only to reverse course Tuesday as doubts emerged over exactly what the world’s two largest economies had agreed on. While Asian equities dropped in the wake of the biggest slide in stocks on Wall Street since the mid-October downdraft, U.S. futures advanced after the statement from China echoed President Donald Trump’s optimism over bilateral trade talks.

China and the U.S. announced a truce in their trade war after the meeting between Trump and Xi Jinping on Saturday, but that quickly descended into confusion, with both sides announcing different statements on what was agreed. There’s also been confusion just on the U.S. side, with the White House, Trump and his advisors making conflicting statements as to the details of a deal.

Trump, who on Tuesday described himself as "Tariff Man," continues to ratchet up pressure on China, saying vthere will be a "REAL DEAL with China, or no deal at all."


Share this article
Open WeChat and scan the QR code