China will need time to assess the just-signed phase one trade agreement and other complicating factors before launching negotiations with the US for a phase two agreement. US officials, including Vice President Mike Pence, who claim the talks are already underway may be getting ahead of themselves, a government advisor and experts said on Thursday.
After signing the phase one trade deal with US President Donald Trump, Chinese Vice Premier Liu He issued a statement at a news conference.
US stocks traded on an upbeat note on Wednesday as Wall Street is keeping a close eye on the long-awaited phase-one trade deal with China.
The Chinese trade delegation's trip to Washington has a packed agenda which indicates China's goodwill toward the US business community, and the emerging country's commitments to contribute to global governance and building a better and broadly prosperous world, analysts said.
As Chinese Vice Premier Liu He on Monday boarded a plane to Washington to sign a phase one trade agreement, the 14-hour flight marked his seventh trans-Pacific trip, about 145,000 kilometers, or nearly 200 hours, since the US launched the trade war against China nearly two years ago.
China National Petroleum Corp (CNPC), one of the leading oil companies in the world, had no plans to pull staff from its oil projects in Iraq despite rising tensions in the region, a source close to the company told the Global Times on Wednesday.
There is still uncertainty regarding when China and the US will sign the phase one trade agreement as final details remain to be worked out and other complicating factors have arisen, such as the escalating conflict between the US and Iran, Chinese analysts said on Monday.
Is the new year a fresh start for China-US trade relations?
Chinese experts on Saturday debated how the phase one trade agreement will impact China-US relations, with some arguing that the deal is too superficial to bring down tensions. Others suggested that the agreement could mean a turn for the better.
China and the United States' "phase one" trade agreement is good news for all and will "provide stability in global trade", Chinese State Councilor and Foreign Minister Wang Yi said Saturday when holding a joint press conference with his Slovenian counterpart Miro Cerar.
Are China and the US on the way to reaching the first stage of a trade agreement? How far away is the realization of this goal? For some time, both sides have been sending out messages. The US actually contributes more information, but these messages often cancel each other out. It is still uncertain when a consensus can be reached for a phase one trade deal.
The US economy expanded "modestly" from October through mid-November while retailers reported higher costs resulting from tariffs, according to a Federal Reserve survey released on Wednesday.
Although the long-lasting China-US trade war has weighed on Chinese exporters over the past year, it turns out the country's export-oriented private sector has grown even stronger as tax breaks from the central government and a shift in overseas markets gradually take effect.
A senior Federal Reserve official said Tuesday that he expected U.S. economic growth to "be weak" in the fourth quarter of the year as businesses cut inventories due to trade uncertainty.
China and the US on Tuesday injected fresh optimism into prospects for a highly anticipated phase one trade agreement, as top trade negotiators of both sides agreed to address remaining issues for the interim deal during a phone conversation.
Chinese technology behemoth Alibaba made headlines on Tuesday by going “back home” with the world's largest IPO so far in Hong Kong, in addition to its US listing.
Chinese and US trade negotiators on Tuesday reached a consensus to properly address the core issues of their respective concerns, and agreed to maintain contact over remaining issues for a phase one trade agreement, China's Ministry of Commerce (MOFCOM) announced.
Huawei would have become the global No.1 smartphone manufacturer but for US suppression, Yu Chengdong, CEO of Huawei's customer business, said on Monday after the launch conference for the company's latest products.