Trump remains buoyant on US, China trade talks

WSJ US China planning new round of trade talks

WSJ US China planning new round of trade talks

The Chinese government announced on Wednesday that the world's second-largest economy saw a growth of 6.4 percent over past year in the three months before March.

Trump and US negotiators have repeatedly said the trade talks with China were going well. Mnuchin said that if the deal can finally be, then it would be the beginning of one of the benchmark changes in past 20 years.

On Monday, the 15th of April 2019, US President Donald Trump had again unzipped his voice on Sino-US trade war, saying that the United States would be emerging as a victor out of its nine-month long trade conflict with China, no matter what happened. Donald Trump, US President had said beforehand to reporters that both the sides are close enough to make a deal and once it is done, the deal would be termed as the "granddaddy" of everyone. In case the deal is not finally reached, there would be no summit as well.

China's top economic leader, Li Keqiang, cut the annual growth target for 2019 from 6.5 to 6 percent in March after last year's low rate fell to a three-decade low of 6.6 percent.

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Beijing's stimulus measures have temporarily set back official plans to reduce reliance on debt and investment to support growth. Still, exports are up only 1.4% so far this year, while imports shrank 4.8% in a sign of weak Chinese domestic demand. But this was better than the 17.5% contraction in January and February. "USA companies continue to face an uncertain operating environment in China amid decreasing optimism about their investment outlook", it said.

Economists warn that even if Washington and Beijing announce a trade settlement in the next few weeks or months, it is unlikely to resolve all the irritants that have bedeviled relations for decades. Stratford said, adding that the two governments might show less restraint.

In an echo of European protests, the chamber laid out how Chinese firms in the USA are treated compared with their USA counterparts in China. Revenue rose 6.3% and investment rose 9.7%.

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