Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
Chinese Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Kazakhstan’s First Deputy Prime Minister Alikhan Smailov, who also co-chaired the 9th meeting of the China-Kazakhstan Cooperation Committee, in Beijing, capital of China, Nov. 4, 2019. (Xinhua/Yan Yan)
BEIJING, Nov. 4 (Xinhua) — Chinese Vice Premier Han Zheng met with Kazakhstan’s First Deputy Prime Minister Alikhan Smailov Monday in Beijing, who also co-chaired the 9th meeting of the China-Kazakhstan Cooperation Committee.
Han, also a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee, said the development of bilateral ties had been healthy and steady to become a model of relations between neighboring countries.
Earlier this year, China and Kazakhstan upgraded their relations to a permanent comprehensive strategic partnership, which Han said marked a new phase of bilateral relations.
The China-Kazakhstan Cooperation Committee, as an intergovernmental mechanism, makes overall planning for, coordinates and guides bilateral cooperation.
Han said since the last meeting of the committee, the two countries had deepened the synergy of their development strategies, accelerated trade, investment and industrial cooperation, strengthened financial cooperation, and continuously enhanced cooperation in security, environmental protection, energy, technology and mining.
Noting the solid foundation, huge potential and broad prospects of bilateral cooperation, Han said the two countries should promote cooperation in industrial capacity, transportation, agriculture and energy.
He called on the two sides to jointly implement the synergy between the Silk Road Economic Belt and Kazakhstan’s “Bright Road” new economic policy, strengthen innovation-driven cooperation and carry out digital industry, blockchain and biotechnology cooperation to create new growth points.
He said the two sides should carry out more facilitation measures to constantly optimize the business environment and guarantee the rights and interests of enterprises from both countries.
Smailov said Kazakhstan is ready to work with China to promote cooperation in trade, finance, energy, agriculture, transportation, logistics and infrastructure to benefit the two peoples.
Image copyright 3RD SPACEImage caption The Guy Fawkes mask has been worn by many protesters during anti government rallies
A Hong Kong protest-themed cake has been disqualified from a cake decorating competition in the UK, in a move that has been referred to as “political censorship”.
It featured protest symbols including umbrellas and a Guy Fawkes mask.
The company behind the cake told the BBC it believed it was pulled after complaints from Chinese competitors.
But the Birmingham competition organisers said it was because one element of the cake was oversized.
Anti-government protests have been taking place in Hong Kong for five months.
They first erupted in June, triggered by a controversial bill that would have allowed extradition to mainland China.
The bill has been withdrawn but the protests have continued, having evolved into a broader revolt against the way Hong Kong is administered by Beijing.
‘Obvious it was an excuse’
The cake was one of many displayed this year at the Cake International competition, held in the city of Birmingham from 1- 3 November.
It draws competitors from all over the world.
The entry by a baker from the 3rd Space cafe in Hong Kong included fake tear gas and a figure made to look like a typical protester clad in black and wearing a hard hat.
Image copyright 3RD SPACEImage caption A man in a yellow hard hat, carrying an umbrella, was one element of the cakeImage copyright 3RD SPACEImage caption The cake also had umbrellas which had fake “tear gas” coming out of them
It was inspired by the “streets [of] Hong Kong”, the spokesperson for the cafe told the BBC.
“The design was simply an expression of what is happening at the moment in Hong Kong,” the spokesperson added.
A music box placed inside the cake also played “Glory to Hong Kong”- a tune which has been adopted as the unofficial anthem of the protests – on loop.
But according to 3rd Space, Cake International decided to take action after it received numerous “complaints from Chinese candidates”, who said the cake featured “offensive content… promoting [the] independence of Hong Kong”.
Cake International first decided to turn the music off, before later sending the baker an email telling them that the cake would be “removed”, said 3rd space.
Dozens of people later took to Cake International’s social media platforms complaining, accusing the organisers of pandering to “censorship”.
The protests have presented a serious challenge to China’s leaders, who have painted the demonstrators as dangerous separatists and accused foreign powers of backing them.
Latest measures grant island’s people and enterprises more equal treatment with their mainland counterparts
Package in March last year was dismissed by Taiwan’s Mainland Affairs Council as an attempt to buy political support
Taipei’s elections in January could influence the tone of cross-strait relations. Photo: EPA-EFE
Beijing announced a series of sweeteners for Taiwanese businesses and individuals on Monday – including participation in its 5G research and allowing Taiwanese to use mainland consular services – only two months before Taiwan’s critical presidential election.
The latest 26 measures drawn up by 20 government departments, including the State Council’s Taiwan Affairs Office and the National Development and Reform Commission, are designed to attract more Taiwanese to live and work in mainland China, despite worsening cross-strait relations.
But Taiwan’s Mainland Affairs Council criticised the move as an attempt by the Chinese Communist Party to “divide Taiwan internally, and was a further reflection of attempts to try to interfere in and influence Taiwan’s election”.
It follows a similar package of 31 measures unveiled by Beijing in March last year, which included tax incentives, preferential land-use policies for Taiwanese businesses on the mainland and benefits for Taiwanese individuals in studying or living on the mainland.
Taiwan charges pro-Beijing politicians with accepting mainland cash
The latest measures to grant Taiwan-funded enterprises more equal treatment with their mainland counterparts include offering access to research and development in 5G technology, investment in passenger and cargo air services, the establishment of microlending and financing companies and the right to apply for financial guarantees from local government funds.
Taiwanese individuals will also be officially entitled to mainland Chinese consular protection abroad, will be treated the same as their mainland counterparts when buying residential property on the mainland, and will be able to train in Beijing for the 2020 Olympic Games.
Beijing claims sovereignty over self-ruled Taiwan, and has not renounced the use of force to take the democratic island into its fold. Beijing’s ruling Communist Party has stressed its intention to promote “peaceful reunification”, pledging in its communique from the fourth plenary meeting of the party’s elite last week to “deepen cross-strait integration and development” while opposing Taiwanese independence.
The latest measures from Beijing came ahead of Taiwan’s presidential and legislative elections in January. Relations across the Taiwan Strait have been frozen under the administration of independence-leaning Taiwanese President, ostensibly over her refusal to accept the “1992 consensus”, or the understanding that there is only “one China” – something that Beijing considers a prerequisite for any talks with Taipei.
Taiwan’s Mainland Affairs Council said on Monday that the roll-out of the 26 measures one year later was intended to “cover up” the fact that the 31 measures had not been executed properly, and reflected administrative problems on the mainland amid slowing economic growth.
“Even more than that, it also reflects that during this period Taiwanese people have rejected ‘one country, two systems’ and do not agree with the results of the Communist Party’s united front divisions,” the council said.
“We urge the Communist Party officials to specifically implement protections for Taiwanese businesses and Taiwanese people in their investments and lives.”
Joseph Wu, Taipei’s foreign minister, also responded with a tweet written in simplified Chinese – which is used on the mainland – rather than the traditional Chinese used in Taiwan.
“China’s Taiwan Affairs Office came out with 26 measures and last year there were 31 – it looks like there are so many measures,” he wrote. “But we in Taiwan do not need one country, two systems, so there is really no need to be so polite. Giving your people more freedom is also good!”
Ongoing anti-government protests in Hong Kong – which is semi-autonomous from Beijing under the one country, two systems model – have highlighted for many Taiwanese voters the threat from Beijing to the island’s sovereignty.
The latest polling by the MAC found that 89 per cent of respondents opposed the one country, two systems framework that Beijing proposed for Taiwan, up from 75 per cent in a similar survey in January.
Edward I-hsin Chen, a political-science professor at Chinese Culture University in Taipei, said the impact of the 26 measures on the election would depend on how they were implemented, but that one country, two systems was clearly not palatable for Taiwanese voters, whether they supported Tsai’s Democratic Progressive Party (DPP) or the mainland-friendly Kuomintang (KMT).
“Taiwan, of course, will not accept one country, two systems, so these policies will need to be more long-term. Mainland officials did not handle the Hong Kong issue very well, so it will be very hard for one country, two systems in Taiwan – blue and green will both reject it,” he said, referring to the party colours for the KMT and DPP. “But it is good for Taiwanese people and businesses to be able to take part in the 5G sector, and there will be more cooperation in the future.”
Lin Chingfa, former chairman of the Beijing-based Association of Taiwan Investment Enterprises, said he believed the new measures were intended to appeal to Taiwanese youth.
“A very important direction for cross-strait cooperation nowadays is to bridge the opportunities available in mainland China for young people who feel deprived from the slow Taiwanese economy. Some of these policies should be especially appealing to them because it shows that the country hopes to make it more convenient for young Taiwan people willing to come,” Lin said.
He said this approach was especially obvious in the measures that were introduced to provide equal treatment for Taiwan people on the mainland – for example the opportunities for Taiwan people to apply for scholarships and the expansion of places for Taiwanese students at universities.
BANGKOK (Reuters) – Leaders from China and Southeast Asia states called for swift agreement on what could become the world’s largest trade bloc at a regional summit on Sunday, but new demands from India left officials scrambling to salvage progress.
Hopes of finalising the Asia-wide Regional Comprehensive Economic Partnership (RCEP), which is backed by China, have been thrown into doubt at the summit of the Association of Southeast Asian Nations (ASEAN) in Bangkok, Thailand.
Summit host Thailand said late on Sunday that the deal could be signed by February 2020. Thailand had previously said it aimed to conclude negotiations by the end of the year.
New impetus to reach agreement has come from the U.S.-China trade war, which has helped knock regional economic growth to its lowest in five years.
“The early conclusion of RCEP negotiations will lay the foundation for East Asia’s economic integration,” said a statement from China’s foreign ministry after Premier Li Keqiang met Southeast Asian leaders.
But Indian Prime Minister Narendra Modi did not even mention the RCEP deal in opening remarks at a meeting with Southeast Asian leaders and instead spoke only of reviewing the existing trade agreement between ASEAN and India.
Nor did Modi mention the trade bloc, whose 16 countries would account for a third of global gross domestic product and nearly half the world’s population, in Twitter posts after meeting Thai and Indonesian leaders.
RELATED COVERAGE
Asia trade bloc deal possible by February 2020 – Thai spokeswoman
An Indian foreign ministry official later told a media briefing “Let’s take all the RCEP questions tomorrow.”
Southeast Asian countries had hoped at least a provisional agreement could be announced on Monday.
But India has been worried about a potential flood of Chinese imports. A person with knowledge of New Delhi’s negotiations said new demands were made last week “which are difficult to meet.”
TRADE WAR IMPACT
Negotiators were meeting into the evening on Sunday to try to come to an agreement, Thai government spokeswoman Narumon Pinyosinwat told reporters on Sunday.
“We don’t have a conclusion yet. Once there is one, it would be announced,” she said. “Commerce ministers are still discussing outstanding issues. The signing is expected around February next year.”
Thai Prime Minister Prayuth Chan-ocha told the formal opening of the ASEAN summit on Sunday that the 16 nations in the potential trade bloc ought to come to agreement this year to stimulate economic growth, trade and investment.
He highlighted the risks of “trade frictions” and “geo strategic competition” in the region.
Some countries have raised the possibility of moving ahead without India on forming a bloc that also included Japan, South Korea, Australia and New Zealand.
But Thai commerce minister Jurin Laksanawisit told Reuters on Sunday that India had not pulled out.
Another advantage for Southeast Asian countries from having relative heavyweight India in the trade pact would be less domination by China.
Longstanding rivals China and India, which fought a border war in 1962, clashed verbally in recent days over India’s decision to formally revoke the constitutional autonomy of the disputed Muslim majority state of Kashmir.
The U.S. decision to send a lower level delegation to the summits this year has raised regional concerns that it can no longer be relied on as a counterweight to China’s increasing regional might.
Instead of President Donald Trump or Vice President Mike Pence, the United States will be represented by Commerce Secretary Wilbur Ross and White House national security adviser Robert O’Brien.
At the summit, China’s Premier Li said China was ready to work with countries in the region for long term peace and stability in the South China Sea, where neighbours reject Beijing’s sweeping maritime claims.
Kremlin says project highlights the growing closeness between the two countries
Military observers argue cooperation between the two sides helps provide counterbalance to American military might
Vladimir Putin disclosed the project at a forum in Sochi. Photo: Sputnik/AFP
Russia is helping China to build an early warning system to counter missile attacks, Vladimir Putin said on Thursday.
Speaking at an international affairs conference in the resort town of Sochi, he said Moscow was helping China increase its missile defence capability, Russian state-owned news agency Sputnik reported.
“This is a very serious endeavour that will fundamentally and radically increase the defence capability of the People’s Republic of China because only the United States and Russia have such a system at present,” the Russian leader said.
Kremlin spokesman Dmitry Peskov declined to say when the system would be operational, but told reporters on a conference call that the move highlighted Russia’s close ties with China.
“Russia has special relations with China of advanced partnership … including the most sensitive [areas] linked to military-technical cooperation and security and defence capabilities,” Peskov said.
Macau-based military observer Antony Wong Dong said Putin’s remarks indicated that military cooperation between Beijing and Moscow may have evolved from the previous “model alliance” to a “real alliance” with the US as their common target.
“Such changes will likely further fuel the strategic arms race, which is already evident from the missile tests [that we have witnessed] and the recent military parade,” said Wong in a reference to the grand parade held in Beijing on Tuesday when China celebrated the 70th anniversary of the founding of the People’s Republic.
Russian President Vladimir Putin welcomes China’s defence minister Wei Fenghe (right) to a base in Orenburg at the start of a joint exercise. Photo: Handout
Hong Kong-based military analyst Song Zhongping said the system would help Beijing and Moscow set up a joint early ballistic missile network to counter “American global hegemony”.
“If the US wants to attack China [with its ICBMs], their missiles are likely to be launched from the Arctic, and that will be covered by Russia’s early warning system, and that means Moscow will have the capability to alert Beijing,” said Song who added that the Chinese military could provide reciprocal help to Russia.
Beijing-based military expert Zhou Chenming said Putin’s remarks served as a veiled warning to US President Donald Trump who has taken the unilateral step of withdrawing from the Intermediate Range Nuclear Forces Treaty, a cold war-era pact signed between the US and Russia in 1987.
“Joint cooperation will help both Russia and China to save costs because early warning ballistic missile systems are very expensive,” Zhou said,
However, he said Moscow was unlikely to share its most advanced technologies with China.
“For example, Russia’s missile defence system just covers Moscow and St Petersburg, so China’s network will properly just cover Beijing, Tianjin, Hebei province, the Yangtze River Delta area, the Greater Bay Area in South China, as well as a number of key cities in the centre.”
Putin also told the forum that the two countries would continue to work together on space exploration.
Last month, the Ministry of Defence of the Russian Federation announced that Moscow and Beijing have developed a plan for cooperation between military departments for next year and 2021.
Last month 1,600 members of the Chinese military arrived at a Russian training base in the Orenburg oblast for a large-scale joint training exercise.
Rear Admiral Ma Weiming is seen as pioneer of electromagnetic aircraft launch system
Experts say Ma’s full membership of Central Committee shows how important sea power is to China’s strategic planning
An artist’s impression of China’s third aircraft carrier, the Type 002, which will incorporate an electromagnetic aircraft launch system developed by Rear Admiral Ma Weiming and his team. source: Photo: Handout
China’s Communist Party has elevated the senior naval engineer behind the development of a hi-tech launch system for the country’s next aircraft carriers, showing China’s ambition to increase its naval power.
Rear Admiral Ma Weiming, who is seen as the pioneer of China’s electromagnetic aircraft launch system (EMALS), was named as a full member, from alternate member, of the party’s Central Committee at the party plenary meeting which ended on Thursday.
The plenum sessions – attended by more than 300 full and alternate members of the Central Committee – provide an opportunity for the party’s most senior members to discuss and forge consensus on key policy issues.
Rear Admiral Ma Weiming (right) has been elevated to full membership of the Communist Party’s Central Committee. Photo: SCMP
Li Jie, a Beijing-based military specialist, said the move showed China’s ambition to continue expanding its naval military power.
“Ma’s promotion signals that Beijing will devote more resources to developing strategic military hardware like large warships and assault landing ships,” he said.
The EMALS is regarded as a breakthrough for the People’s Liberation Army, as it will enable China’s second home-grown aircraft carrier – known as the Type 002 – to launch larger jets with bigger payloads on longer missions.
The system could result in fuel savings of up to 40 per cent. With a higher launch energy capacity, it will also be more efficient than steam catapults, allowing for improvements in ease of maintenance, increased reliability, and more accurate end-speed control and smoother acceleration.
Why Chinese submarines could soon be quieter than US ones
Ma, who comes from Yangzhou in eastern Jiangsu province, graduated from the PLA Naval University of Engineering in Wuhan in 1987 and earned a PhD in electrical engineering from Beijing’s Tsinghua University in 1996.
A specialist in maritime propulsion, electrical engineering and related fields, he has mentored more than 400 masters and doctoral students at the naval university.
He and his team have often been recognised for their work as greater emphasis has been put on research and development amid the country’s military modernisation.
China’s first home-built carrier will use steam catapults and a ski-jump deck to launch aircraft. Photo: Handout
Ma has twice won the National Science and Technology Progress Award and in 2015 was awarded the science and technology achievement prize by the Hong Kong-based Ho Leung Ho Lee Foundation.
According to news reports, in the 1980s Ma spotted a potential flaw with an electrical component China planned to buy from overseas to use on its submarines that would have made the vessels easier to detect. Though the manufacturer denied any such problem, Ma spent five years tweaking the product so that submarines fitted with the part became harder to spot.
Three catapult launchers spotted in image of China’s new aircraft carrier
Beijing-based military expert Zhou Chenming said Ma’s promotion could be seen as a national endorsement of his work on EMALS.
“Ma was elected as a Central Committee member because the party and the country recognise the strategic importance of his work as China is expanding into a naval power with a huge maritime interest to protect,” he said.
Zhou, however, said Ma’s promotion was made two years ago, but he could not be formally made a full member until a vacancy opened up this year.
Negotiations going ‘as planned’, foreign ministry says after cancellation of Apec summit at which presidents were set to meet to sign ‘phase-one’ agreement
With an election looming and possible impeachment inquiry, Trump in more of a hurry to reach a deal than Xi, observers say
Talks between China and the US are going well, according to the Chinese foreign ministry. Photo: AFP
Presidents Xi Jinping and Donald Trump have “maintained contact”, China’s foreign ministry said on Thursday after authorities in Chile announced the cancellation of the upcoming Apec summit at which the US and Chinese leaders were set to meet and possibly sign a trade deal.
Talks between the two nations were going well, ministry spokesman Geng Shuang told a daily press briefing.
“The negotiations are smooth and things are working out as planned,” he said.
“Regarding the meeting between the two state leaders, they have maintained contact through various means.”
Geng’s comments came after China’s commerce ministry said that top trade negotiators from the two countries would hold a telephone conversation on Friday.
Xi and Trump were due to meet on the sidelines of the Asia-Pacific Economic Cooperation summit in Santiago on November 16-17, but the event was cancelled due to the ongoing protests in the country. The leaders were also expected to sign an interim trade deal based on the ground made at the latest negotiations in Washington on October 11.
According to diplomatic observers, while Beijing wants a truce in the trade dispute it is in less of a hurry than Trump, who is facing the threat of impeachment and trying to prepare for an election campaign.
Shen Dingli, an expert in international relations based in Shanghai, said that China faced less domestic opposition to its handling of the trade talks than Washington.
“Trump is facing a lot of problems on both the diplomatic and domestic fronts,” he said. “[But] I think both sides still need an agreement. It is always better to have an agreement than not.”
US Trade Representative Robert Lighthizer (left) and Chinese Vice-Premier Liu He met in Washington early this month. Photo: AFP
Yuan Zheng, an expert on China-US relations at the Chinese Academy of Social Sciences, said that while the Apec summit had offered a convenient way for the presidents to meet, the substance of the deal was more important than where it might be signed.
“It’s true that the deal can be signed by representatives instead of the presidents but this depends very much on how keen Trump is for the presidential meeting to happen,” he said.
“He is facing an election and huge domestic pressure, so he … needs to show his strong leadership more than Xi. But of course, if the deal is set and if the details of the meeting are practical, the Chinese side would like a presidential meeting too.”
Shen Dingli, an expert in international relations, says China faces less domestic opposition to its handling of the trade talks than Washington. Photo: AP
Speaking after the talks in Washington between Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, Trump said the two sides had reached a “substantial phase one deal” and that after it had been put down on paper it would be signed at the Apec meeting.
Tai Hui, chief market strategist for Asia at JPMorgan Asset Management, said the cancellation of the Chile summit should not stop the US and China agreeing a truce.
“If the two sides are genuinely willing to reach an interim deal before mid-December, when the next increase in tariffs on Chinese goods is due to take place, they will find a venue to get it done,” he said.
Chinese Premier Li Keqiang meets with South African Deputy President David Mabuza at the Great Hall of the People in Beijing, capital of China, Oct. 29, 2019. (Xinhua/Ding Haitao)
BEIJING, Oct. 29 (Xinhua) — Chinese Premier Li Keqiang met with South African Deputy President David Mabuza Tuesday in Beijing, calling on the two sides to promote bilateral relations for new development.
Noting that South Africa is an important African country, Li said the continued development of bilateral relations is beneficial to China-Africa cooperation.
China is ready to work with South Africa to consolidate mutual political trust and promote practical cooperation and people-to-people exchanges to push for new development in bilateral relations, he said.
“Both China and South Africa are developing countries and have broad common interests,” said Li, adding that China stands ready to work with South Africa to closely communicate and coordinate in international and regional affairs and enhance cooperation in multilateral mechanisms such as the UN and BRICS, to jointly safeguard developing countries’ interests and maintain regional and world peace.
Mabuza, who is on an official visit to China and will co-chair the seventh plenary session of the China-South Africa Bi-National Commission with his Chinese counterpart, offered his congratulations for the 70th anniversary of the founding of the People’s Republic of China.
He thanked China for its long-standing support for South Africa and African countries’ development and conveyed his admiration for China’s great development achievements.
Mabuza said his country is willing to learn from China’s development experience, deepen practical cooperation across the board with China and push bilateral relations to reach a new level.
Chinese President Xi Jinping and US President Donald Trump set to meet on the sidelines of the Apec summit in Chile next month, a source says
The two state leaders are expected to sign an interim trade deal ‘if everything goes smoothly’
Chinese President Xi Jinping and US President Donald Trump have met twice already over the course of the 16-month trade war. Photo: AP
Chinese President Xi Jinping and US President Donald Trump are tentatively expected to meet on November 17 with the aim of signing an interim trade deal, a source briefed on the arrangements told the South China Morning Post.
The two leaders are expected to come face-to-face immediately after the Asia-Pacific Economic Cooperation (Apec) summit in Santiago, Chile, with a trade truce signed “if everything goes smoothly”, said the person, who declined to be identified.
Trade envoys from Beijing and Washington are still finalising the text for the two leaders to sign, but both sides have expressed optimism that Trump’s so-called phase one trade deal can be completed in time for the meeting.
Trump said on Monday that negotiations on the interim deal were running “ahead of schedule”.
“We are looking probably to be ahead of schedule to sign a very big portion of the China deal, and we’ll call it phase one but it’s a very big portion,” Trump said. “That would take care of the farmers. It would take care of some of the other things. It will also take care of a lot of the banking needs.
“So we’re about, I would say, a little bit ahead of schedule, maybe a lot ahead of schedule,” the president said, adding the deal would “probably” be signed.
Top trade negotiators for the two countries – US Treasury Secretary Steven Mnuchin, US trade representative Robert Lighthizer and Chinese Vice-Premier Liu He – spoke by telephone last Friday. The Office of the US Trade Representative released a statement after the call saying that the two sides “made headway on specific issues” and “are close to finalising some sections of the agreement”.
China’s official Xinhua News Agency said on Saturday negotiators have “agreed to properly resolve core concerns of each other” and had “basically completed technical discussions about parts of the text”. In particular, China would lift the current ban on US poultry imports and recognise the American public health certification system for meat product imports, Xinhua said.
The top trade envoys are expected to hold another conference call in the near future.
China’s Vice-Premier Liu He between US trade representative Robert Lighthizer (left) and US Treasury Secretary Steve Mnuchin during trade negotiations in Washington this month. Photo: Reuters
Taoran Notes, an account on Chinese social media platform WeChat run by the official Economic Daily newspaper, wrote over the weekend that Beijing and Washington had moved a step closer to agreement on a “temporary deal”.
“According to past experiences and practises, the negotiation will enter the stage of translation and legal review after the technical completion of the text,” the account said.
Geng Shuang, a Chinese foreign ministry spokesman, said that technical negotiations about part of the deal were finished but deputy-level talks were ongoing. “China hopes both sides can find a trade solution based upon mutual respect and benefits,” Geng said at a regular press conference on Tuesday.
If it goes ahead as planned, the summit between Trump and Xi in Chile next month would be the third time the two leaders have sat down to talk about ending the nearly 16-month-long trade war.
Last December, the two leaders met on the sidelines of the G20 Leaders’ Summit in the Argentinian capital Buenos Aires and agreed to a three-month tariff truce to allow time for the countries’ trade envoys to work out a comprehensive deal. But the talks collapsed in early May with the US blaming China for reneging on promises it made in negotiations, while China blamed the US for attempting to infringe on its economic sovereignty.
The pair met again in late June in the Japanese city of Osaka, where they agreed to restart trade negotiations.
A minor ceasefire was reached in October when Beijing promised to buy US$40 billion to US$50 billion worth of American agricultural products in exchange for Washington postponing indefinitely a tariff increase on US$250 billion of Chinese goods to 30 per cent from 25 per cent on October 15.
Analysts expect fresh 15 per cent duties on about US$160 billion of Chinese imports – including popular products like smartphones and consumer electronics – that are due to go into effect mid-December will also be postponed if a deal is signed, though this has not been officially confirmed.
The interim deal is also expected to contain a provision on intellectual property protection, a key US demand. China has taken steps to improve IP protection, including setting up a system to punish and compensate instances of infringement, and improve settlement disputes. But how well these measures will be implemented remains in question.
China and the US would also agree to avoid allowing currency devaluations to gain trade advantages, codifying a commitment both countries made as part of a G20 agreement several years ago. A currency agreement – similar to provisions in the yet-to-be-ratified US-Mexico-Canada Agreement – could pave the way for the US to remove its designation of China as a “currency manipulator”.
The deal may include a new dispute resolution mechanism to ensure both sides live up to commitments. The system, which will give both sides equal standing, would replace a contentious US-proposed enforcement mechanism that was a key reason for trade talks breaking down in May after China felt the demands too intrusive and one-sided. It is unclear how effective the proposal would be, but the US has insisted since talks began that a similar mechanism be implemented to ensure China did not backslide on promises as it had in the past.
In addition to large purchases of farm products, the interim agreement may contain commitments by China to buy US-built aircraft and energy products, particularly liquefied natural gas.
China will also agree to lift foreign ownership limits on Chinese financial firms under the deal, changes which are already underway.
However, the interim deal will not address broader US complaints about China’s economic model, particularly allegations that foreign firms are treated unfairly and heavy government subsidies favour some domestic industries. Nor will it contain any break for telecommunications equipment maker Huawei and other Chinese tech companies that were blacklisted by the US on national security concerns.
BEIJING, Oct. 27 (Xinhua) — Strengthening the construction of rural transport infrastructure is the key to boost various rural industries, said experts at a forum on rural vitalization and transport industry Sunday.
The construction of rural transport infrastructure should be integrated with the development of various undertakings in the rural areas, said Li Chunsheng, vice chairman of the Agriculture and Rural Affairs Committee of the National People’s Congress, at the forum held by China Well-off Society Association.
Rural transport construction has brought about major changes in the agricultural production chain, the ecological and environmental chains, as well as the value chain, and it will certainly speed up the rural vitalization, said Yin Chengjie, head of the Chinese Association of Agricultural Economics.
More efforts should be made to establish a mechanism for increasing financial input and integrating funds for agriculture and transport, so as to achieve various goals including high-quality rural road construction, said Chen Jiding, deputy head of the China Academy of Transportation Sciences.
The central government has issued an outline on transport construction, which clearly plans to form a rural transport infrastructure network and achieve poverty alleviation through transport facilitation.
CHINDIA ALERT: You'll be living in their world, very soon 