China ministerial trade talks to start

Stocks skid as US raises tensions ahead of China talks

Stocks skid as US raises tensions ahead of China talks

Gains were also supported by a New York Times report saying that Washington would soon issue licences allowing some USA firms to supply non-sensitive goods to China's Huawei Technologies. He also delayed a tranche of tariffs until mid-December to avoid hurting consumers during the holiday shopping season.

The sources said that this agreement could then pave the way for talks over intellectual property and other issues.

Notwithstanding the SCMP report, by all indications the talks are set to continue in Washington on Thursday and Friday, when higher level meetings will reportedly take place.

A so-called currency pact which Washington reportedly said had been agreed to earlier this year before the trade negotiations started will potentially be the first stage of an anticipated deal with Beijing.

The two sides have been at loggerheads over US demands that China improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase USA companies' access to largely closed Chinese markets.

According to Reuters, Chinese government officials said the Trump administration's recent blacklisting of 28 Chinese firms generated a negative atmosphere. A day later, the U.S. State Department imposed visa restrictions on Chinese officials related to the Xinjiang issue.

Extinction Rebellion protest: Kent Police join hundreds of officers in London
The airport's website says it has started an $873 million project to quadruple the size of its only terminal, AFP reported. He wrote on Twitter: "My flight from London City airport to Dublin has just been grounded by a climate change protestor".

Meanwhile, US Secretary of Commerce Wilbur Ross said on Thursday that tariffs on Chinese goods and services are working as they are forcing China to pay attention to US concerns.

"In my opinion China wants to make a deal more than I do", he said.

Further tariffs are scheduled to come into effect on December 15.

President Trump told reporters this week there's a really good chance a deal will happen.

Ross added that the United States was "not opposed" to trade with China but said that China's trade practices have "gotten worse" and that the country needed to abide by global trade regulations.

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