20°C / 22°C
  • Tue
  • 32°C
  • 14°C
  • Wed
  • 30°C
  • 13°C
  • Thu
  • 31°C
  • 13°C
  • Fri
  • 32°C
  • 14°C
  • Sat
  • 33°C
  • 19°C
  • Sun
  • 34°C
  • 16°C
  • Tue
  • 22°C
  • 13°C
  • Wed
  • 23°C
  • 14°C
  • Thu
  • 23°C
  • 15°C
  • Fri
  • 23°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 21°C
  • 14°C
  • Tue
  • 33°C
  • 15°C
  • Wed
  • 32°C
  • 15°C
  • Thu
  • 32°C
  • 14°C
  • Fri
  • 33°C
  • 15°C
  • Sat
  • 35°C
  • 16°C
  • Sun
  • 36°C
  • 19°C
  • Tue
  • 31°C
  • 16°C
  • Wed
  • 31°C
  • 14°C
  • Thu
  • 33°C
  • 15°C
  • Fri
  • 34°C
  • 16°C
  • Sat
  • 34°C
  • 16°C
  • Sun
  • 36°C
  • 18°C
  • Tue
  • 23°C
  • 18°C
  • Wed
  • 25°C
  • 16°C
  • Thu
  • 27°C
  • 18°C
  • Fri
  • 27°C
  • 17°C
  • Sat
  • 30°C
  • 19°C
  • Sun
  • 26°C
  • 20°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 21°C
  • 12°C
  • Thu
  • 24°C
  • 14°C
  • Fri
  • 22°C
  • 16°C
  • Sat
  • 21°C
  • 17°C
  • Sun
  • 21°C
  • 16°C
  • Tue
  • 27°C
  • 11°C
  • Wed
  • 31°C
  • 13°C
  • Thu
  • 32°C
  • 18°C
  • Fri
  • 29°C
  • 17°C
  • Sat
  • 25°C
  • 15°C
  • Sun
  • 24°C
  • 12°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 25°C
  • 14°C
  • Thu
  • 26°C
  • 16°C
  • Fri
  • 24°C
  • 16°C
  • Sat
  • 21°C
  • 15°C
  • Sun
  • 19°C
  • 13°C
  • Tue
  • 34°C
  • 17°C
  • Wed
  • 32°C
  • 18°C
  • Thu
  • 33°C
  • 16°C
  • Fri
  • 34°C
  • 16°C
  • Sat
  • 36°C
  • 18°C
  • Sun
  • 37°C
  • 19°C
  • Tue
  • 31°C
  • 17°C
  • Wed
  • 33°C
  • 14°C
  • Thu
  • 33°C
  • 16°C
  • Fri
  • 33°C
  • 17°C
  • Sat
  • 34°C
  • 16°C
  • Sun
  • 35°C
  • 17°C
  • Tue
  • 28°C
  • 14°C
  • Wed
  • 28°C
  • 13°C
  • Thu
  • 29°C
  • 11°C
  • Fri
  • 32°C
  • 10°C
  • Sat
  • 34°C
  • 13°C
  • Sun
  • 37°C
  • 15°C
  • Tue
  • 23°C
  • 13°C
  • Wed
  • 24°C
  • 13°C
  • Thu
  • 25°C
  • 16°C
  • Fri
  • 22°C
  • 16°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 21°C
  • 13°C

Amid US trade war, China's Xi reiterates reform commitment

Economists estimate that every $100 billion of imports hit by tariffs would reduce global trade by around 0.5%.

Chinese President Xi Jinping. Picture: AFP

BEIJING – China is still determined to reform and wants to work with all parties to build an open world economy, Chinese President Xi Jinping said on Sunday, reiterating Beijing’s message amid a bitter trade war with Washington.

The two countries have been rolling out a series of tariffs on each other’s exports as US President Donald Trump’s administration seeks to tackle a range of issues from the large trade imbalance with China to forced technology transfers.

China has criticised the United States for resorting to protectionist and unilateral measures and says it will keep opening up its economy, providing a fair and transparent environment for foreign businesses.

Meeting UN Secretary-General António Guterres in Beijing ahead of a major China-Africa summit, Xi made no direct mention of the trade tensions with the United States, referring instead to “unilateralism and protectionism rearing its head”.

“China’s determination to fully deepen reforms will not change,” China’s Foreign Ministry paraphrased Xi as telling Guterres.

“We are willing to use practical actions to drive all parties to jointly adhere to trade liberalisation and facilitation and build an open world economy,” Xi added.

The ministry’s statement did not elaborate.

US and Chinese officials ended two days of talks last month without a major breakthrough as their trade war escalated with the activation of a further round of tariffs on $16 billion worth of each other’s goods.

The two countries have now targeted $50 billion of each other’s goods and threatened duties on most of the rest of their bilateral trade, raising concerns that the conflict could dent global economic growth.

Trump administration officials have been divided over how hard to press Beijing, but the White House appears to believe it is winning the trade war as China’s economy slows and its stock markets falter.

Economists estimate that every $100 billion of imports hit by tariffs would reduce global trade by around 0.5%.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus