Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
China’s LandSpace Recovers Booster in Reusable Rocket Breakthrough
LATEST
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
China’s LandSpace Recovers Booster in Reusable Rocket Breakthrough
Spacecom Raises $1.94 billion in Bet on China’s Starlink Rival
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market
Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results
Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI
DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%
Tencent Shares Fall as AI Spending Squeezes Profit
Honor’s New Smartphone Doubles as a Robotic Camera Operator
YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market
ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up
U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties
Manus Cuts Ties With Meta as Tencent Emerges as Top Backer
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut

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