Breaking News
0

China upbeat on U.S. trade talks, but South China Sea tensions weigh

EconomyFeb 11, 2019 08:57AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. The head of the U.S. trade delegation Jeffrey Gerrish arrives at a hotel after talks with Chinese officials in Beijing

BEIJING (Reuters) - China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

White House senior counselor Kellyanne Conway on Monday also expressed confidence in a possible deal. Asked if the two countries were getting close to a trade agreement, she told Fox News in an interview, "It looks that way, absolutely."

The United States is expected to keep pressing China on longstanding demands that it reform how it treats American companies' intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

The latest talks kick off with working level discussions on Monday before high-level discussions later in the week. Negotiations in Washington last month ended without a deal and with the top U.S. negotiator declaring work was needed.

"We, of course, hope, and the people of the world want to see, a good result," Chinese Foreign Ministry spokeswoman Hua Chunying said at a news briefing in Beijing.

The two sides are trying to hammer out a deal before the March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Trump said last week he did not plan to meet with Chinese President Xi Jinping before that deadline, dampening hopes that a trade pact could be reached quickly. But the White House's Conway said a meeting was still possible soon.

Escalating tensions between the United States and China have cost both countries billions of dollars and disrupted global trade and business flows, roiling financial markets.

The same day the latest talks began, two U.S. warships sailed near islands claimed by China in the disputed South China Sea, a U.S. official told Reuters.

Asked if the ships' passage would impact trade talks, Hua said that "a series of U.S. tricks" showed what Washington was thinking. But Hua added that China believed resolving trade frictions through dialogue was in the interests of both countries' people, and of global economic growth.

China claims a large part of the South China Sea, and has built artificial islands and air bases there, prompting concern around the region and in Washington.

China upbeat on U.S. trade talks, but South China Sea tensions weigh
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Dustin Aaronson
Dustin Aaronson Feb 11, 2019 9:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The East Viet Nam Sea doesn’t belong to China. If they don’t come to the table with legitimate concessions, I say we whip this pony til it drops.
Reply
0 0
Hussein Osman
Hussein Osman Feb 11, 2019 8:50AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hua said a series of 'US tricks,' showed what Washington was really thinking. There is zero trust on either side. There will not be a trade deal, at least not one the market will like.
Reply
2 0
Gary Doonan
Nanood Feb 11, 2019 4:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oh, there’s the leading media spin.. Once the trade deals are done we can switch to the South China Sea and use that as a reason for market movements...I’d like to know what exactly they are weighing on. Not broadly but exactly. With names.
Reply
2 1
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email