China and the United States held the first meeting of the trade council under the China-US economic and trade consultation mechanism via video link on Friday, China's Ministry of Commerce said on Saturday. Guided by the important consensus reached by the two heads of state, the meeting focused on implementing the outcomes of previous rounds of bilateral economic and trade consultations. The two sides had a candid, in-depth and constructive exchange on tariffs, the reciprocal tariff reduction arrangement covering about US$30 billion worth of each other's goods, agricultural trade and other issues of mutual concern. Both sides will continue to strengthen communication through the trade council, work to resolve their respective economic and trade concerns, further expand cooperation and shorten the list of issues, so as to help build a constructive China-US relationship of strategic stability based on respect, fairness and reciprocity, the ministry noted. In May, China and the United States agreed to establish a trade council to address their respective concerns in trade cooperation. The two sides held the eighth round of their economic and trade consultations in New York and Washington DC from September 20 to 23. During the consultations, they agreed to reduce tariffs on about US$30 billion worth of goods...
Read full articleWASHINGTON — U.S. President Donald Trump is scheduled to meet Chinese President Xi Jinping and Russian President Vladimir Putin in China next week, while there are no plans for him to engage with North Korea during his upcoming Asia trip, foreign media reports said Friday. Trump will meet Xi and Putin on Thursday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, Bloomberg reported, citing a White House spokeswoman. The planned meeting comes as Trump seeks a diplomatic solution to the war in Ukraine, while Washington and Beijing continue to navigate differences over trade, tariffs and other geopolitical issues. Separately, Reuters reported that a U.S. official said there were no plans for Trump to engage with North Korea during his trip to Asia next week, amid speculation over the possibility of renewed diplomacy between Washington and Pyongyang. Trump has repeatedly expressed interest in engaging with Kim again, citing their "good" personal relationship, fueling speculation about a possible meeting during the president's planned visit to China
BEIJING — Chinese Foreign Minister Wang Yi elaborated on North Korean leader Kim Jong-un's recent visit to China during talks with his South Korean counterpart, a senior South Korean official said Saturday. The Chinese side explained Kim's trip to the Chinese border city of Dandong on Oct. 24 during Wang's talks with Foreign Minister Cho Hyun in Beijing on Friday, according to the foreign ministry official. "(The Chinese side) said that at a basic level, China's relations with North Korea are focused on economic cooperation rather than on political affairs," the official told reporters. "(We) were able to hear relatively detailed accounts." The official added the talks also touched on Wang's meeting with Kim Song-nam, a senior North Korean ruling party official, who visited Beijing last week. The official said the Chinese side also discussed the possibility of a U.S.-North Korea summit amid speculation over the possibility of renewed diplomacy between Washington and Pyongyang. "My impression (after the talks) was that while there is a possibility, it is not that big," the official said,
Disciplinary staff in Wuhan, provincial capital of Hubei in central China, were going about their routine workday when a red alert landed. It was from a large data model – flagging a possible case of corruption. “A company took on more than 10 projects this year. Its registered capital reduced from 50 million yuan (US$7.5 million) to 10 million, yet it’s paid-in capital is still zero,” the alert said. “Moreover, over 80 per cent of the projects it took were [residential] communities from...
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