Archive for ‘Argentina’

17/06/2019

China quiet on Xi Jinping’s G20 meeting and trade talk demands in face of fiery Donald Trump rhetoric

  • It is expected the two leaders will meet in Japan at the end of June
  • Analysts see an increasing caution from China amid low expectations of any deal
Chinese President Xi Jinping and US President Donald Trump last met in Argentina in December on the sidelines of the G20 summit. Photo: AP
Chinese President Xi Jinping and US President Donald Trump last met in Argentina in December on the sidelines of the G20 summit. Photo: AP
China’s relative silence in response to comments by US President Donald Trump in relation to the trade war is due to Beijing redoubling its efforts to take a cautious approach ahead of future talks amid “low expectations” of a quick deal after negotiations collapsed last month, analysts said.
Trump has openly threatened to levy tariffs on additional Chinese products if a meeting with counterpart Xi Jinping does not take place at the G20 summit in Japan at the end of the month, while also urging Beijing to return to talks based on terms negotiated earlier in the year.
“It’s me right now that’s holding up the deal,” Trump said on Tuesday. “And we’re going to either do a great deal with China or we’re not going to do a deal at all.”
China, though, has remained tight-lipped on both a meeting and also the prospects of future talks, with the foreign ministry yet to confirm whether there will be a summit between 
Trump and Xi

in Osaka. The South China Morning Post reported this week that the two leaders could share a more formal dinner, similar to the scene witnessed on the sidelines of the G20 summit in Argentina in December.

That meeting produced a ceasefire and more than five months of negotiations until early May when the talks broke down and the US more than doubled tariffs on US$200 billion in Chinese imports to 25 per cent.
Shi Yinhong, an international relations expert from Renmin University of China, said China had very low expectations ahead of the G20 summit in Japan due to the current level of strained bilateral relations.

Trump’s open threats had put Xi “in a very disadvantageous position”, as any agreement “would be seen as being weak or surrendering to US pressure”, he said.

Instead, the two sides were likely to reach “piecemeal deals” on smaller issues such as people-to-people exchanges and relaxation of visa restrictions, according to Shi, which in turn might help to build a friendlier atmosphere to pave the way for more substantive talks in the future.

It’s me right now that’s holding up the deal. And we’re going to either do a great deal with China or we’re not going to do a deal at all: Donald Trump

China’s state-controlled media outlets have maintained their criticism of the US for starting the trade war, although editorials carried by Xinhua and the People’s Daily have not given concrete information about Beijing’s demands, instead, in its latest editorial, Xinhua urged “US politicians to treat China’s rise with reasonable sense”.
Geng Shuang, a foreign ministry spokesman, said last week that China was aware of hopes emerging from the US side of a meeting between Trump and Xi in Osaka, but that China had no information to disclose on that subject, reiterating government statements from previous days.
Amid a war of words between Beijing and Washington over which side is to blame for the stalled trade talks, both sides have showcased their willingness to talk as long as the conditions are appropriate. Commerce vice-minister Wang Shouwen said at the start of June that China “is always sincere” about negotiating with the US, but the talks must be conducted with mutual respect.
“Otherwise, the negotiation would be meaningless. Even if there’s negotiation, there won’t be an enforceable and sustainable agreement,” Wang said.
Xi said at an economic forum in Russia last week that he did not want to see a decoupling of the US and China and believed that “my friend” Trump did not want that either.
“Trump’s stance that he is unlikely to make any concessions is very clear. So, China should be very cautious when arranging a bilateral meeting with him,” said Liu Weidong, a China-US affairs expert from the Chinese Academy of Social Sciences, a state think tank
Scott Kennedy, a senior adviser at the Centre for Strategic and International Studies in Washington, said Trump and Xi may reach “some sort of truce” as they did in Buenos Aires so that “both sides agree to put on hold their various actions against the other and not further escalate”, but added that the chance was small.
Source: SCMP
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16/03/2019

Chinese delegation set to revive stalled Argentina nuclear power plant talks

  • Technical team expected to go to Latin American country to discuss project reportedly worth up to US$8 billion
Argentina had hoped to announce an agreement on China-financed construction of Atucha III during a state visit by Chinese President Xi Jinping after November’s G20 summit in Buenos Aires. Image: Handout
Argentina had hoped to announce an agreement on China-financed construction of Atucha III during a state visit by Chinese President Xi Jinping after November’s G20 summit in Buenos Aires. Image: Handout

A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signalling possible progress in a deal that could increase Beijing’s deepening influence in the South American nation.

An Argentinian government source told Reuters this week the “technical team” from China would meet local suppliers about the long-stalled nuclear power plant project, reportedly worth up to US$8 billion.

Argentina had hoped to announce an agreement on China-financed construction of Atucha III, as it has been referred to in the past, during a state visit by Chinese President Xi Jinping after November’s G20 summit in Buenos Aires.

But the deal failed to emerge then, and in January Argentina’s nuclear energy undersecretary, Julian Gadano, and the ambassador to China, Diego Guelar, met officials in Beijing for talks about the project, the government source said.

Argentina seeks new currency swap deal with China as Beijing pursues closer ties in Latin America

A second government source, in the foreign ministry, said talks about the nuclear plant with China were ongoing but added that there had been no “concrete progress” towards signing a deal.

If finalised, the nuclear plant would be one of the biggest projects financed in Argentina by China, which has become a key trading partner for the South American country and its biggest non-institutional lender.

Source: SCMP

30/12/2018

Xi, Trump have telephone conversation, agree to implement consensus in Argentina meeting

BEIJING, Dec. 30 (Xinhua) — Chinese President Xi Jinping and U.S. President Donald Trump on Saturday held a telephone conversation, expressing their willingness to push for implementation of their agreements reached during the G-20 summit in Argentina.

Trump wished Xi and the Chinese people a happy new year, saying that the U.S.-China relations are very important and closely followed by the whole world.

He said he values the great relations with Xi, adding that he is pleased to see the teams of both countries are working hard to implement the important consensus reached between him and Xi during their meeting in Argentina.

Trump said relevant talks and coordination are producing positive progress. He hopes results will be reached to the benefit of both U.S. and Chinese peoples as well as people of all nations.

Xi, for his part, extended best wishes to Trump and the U.S. people upon the arrival of the new year.

Xi said both he and Trump hope to push for a stable progress of the China-U.S. relations, adding that the bilateral ties are now in a vital stage.

The Chinese president said he and Trump had a very successful meeting early this month and reached important consensus in Argentina.

The teams from both countries have since been actively working to implement such consensus, he said, expressing hopes that both teams can meet each other halfway and reach an agreement beneficial to both countries and the world as early as possible.

Xi said next year marks the 40th anniversary of the establishment of diplomatic ties between the United States and China, adding that China attaches great importance to the development of bilateral relations and appreciates the willingness of the U.S. side to develop cooperative and constructive bilateral relations.

China is willing to work with the United States to summarize the experience of 40 years of the development of China-U.S. relations, and strengthen exchanges and cooperation in fields of economy and trade, military, law enforcement, anti-drug operations, local issues and culture, Xi said.

Xi added that China is also willing to work with the United States to maintain communication and coordination on major international and regional issues, respect each other’s important interests, promote China-U.S. relations based on coordination, cooperation and stability, and let the development of bilateral relations better benefit the two peoples and people around the world.

The two heads of state also exchanged views on international and regional issues of common concern such as the situation on the Korean Peninsula. Xi reiterated that China encourages and supports further talks between the United States and the Democratic People’s Republic of Korea, and hopes for positive results.

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