Speaking at a news conference with the UK Foreign Secretary, China’s Foreign Minister Wang Yi said once again that China is still willing to talk trade with the United States as long as the dialogue is based on mutual respect. For now, though, with no official talks for almost two months, further tariffs looming, and US mid-term elections on the way, both sides appear to be expecting a long-term standoff.
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What Does The Future Hold For RMB Internationalization?
Transcript
The U.S. China trade war has now moved beyond rhetoric and into live ammunition territory. President Trump has repeatedly called out the U.S. China trade deficit in goods totaling 375 billion dollars.
With recent additional tariffs how have Trump's policies worked for U.S. interests so far less than that of GDP in the United States has jumped from two point two percent in the first quarter of the year.
Simple point one percent putting a spring instead of a man has come on everywhere we end up seeing the effects of the American economic Marathe we have added three point seven million new jobs since the election a number that is unthinkable.
Will that be a sustainable growth or a short term boom before terrorists take effect.
The Chinese are indeed sent to a 13 month low against the dollar on Monday. One major factor behind the decline has been the narrowing spread between the sovereign bond yields of China and the United States. What adjustments will China's central bank make in the current situation during the BRICS summit in South Africa. Russian President Vladimir Putin criticized the use of U.S. dollars in political conflicts. He believes that free converts that he is the R and B will speed up the process of becoming a reserve currency. What are the prospects for the RMV internationalization.
Here they are speaking at a news conference with the UK Foreign Secretary. China's foreign minister while you said once again that China is still willing to talk trade with the United States as well as the dialogue is based on mutual respect. For now though we have no official talks for almost two months. Further tariffs looming and the U.S. mid-term elections on the way. Both sides appear to be expecting a long term standoff. To discuss the ongoing issues in China U.S. trade Tyson and potential solutions. I'm happy to be joined in the studio by Sugiura chairman of the China Pacific Economic Cooperation Council. Why don't we yell president of the Center for China and Globalization and Professor James Ray from California State University Sacramento which will also speak last night lights to Professor Steve King at the School of Social and Behavioral Sciences at Kingston University in London. That's hot topic. This is a dialogue I'm right. When it comes to dialogue ambassadors were very briefly why does the bilateral trade talks came to a halt and no such talks with Lamanna has been going on for almost two months.
That's a very good question because you the past 40 years or so trade has always been regarded as the last keeping the great shape of U.S. China relations and in balance and now somehow there's some problem with it. I think it's goes with the I think the problem many lies Sunday. On the other side because China always wanted to solve trade conflicts through dialogues and negotiations. But according to the domestic law the 80 year 1974 section of three old line U.S. started in tariffs against China. So then of course you start with this not to trade complex is not.
