China does not want trade war with Washington, premier says
China does not want trade war with Washington, premier says
1st LD-Writethru: China remains important engine for world growth: Premier Li
20 March, 2017, 00:35
That would increase the return on USA bonds and other financial assets, drawing more money out of China.
When asked about the dilemma faced by Southeast Asian countries caught in the growing rivalry between Beijing and Washington in the Asia-Pacific, Li said China did not want to see its neighbours compelled to "pick a side".
"No mater what bumps the China-U.S. relationship may run into, we hope this relationship will continue to move forward in the positive direction", he said.
American President Donald Trump had repeatedly accused China of carrying out trade policies that have led to massive American job losses and threatened to slap tariffs of up to 45 per cent on Beijing's goods.
The world's two most powerful men face a complex and potentially acrimonious range of discussions, including the escalating crisis on the Korean peninsular, the deployment of a controversial USA missile defence system in South Korea and the thorny trade relationship between the USA and China. "That would not make our trade fairer", Mr Li said at his news conference at the end of the annual meeting of China's parliament.
On the possibility of a trade war between China and the US, Li said- "We don't want to see any trade war breaking out between the two countries".
"Almost every year I have heard a prediction of the Chinese economy having a hard landing", he said. The North conducted two nuclear tests and 24 ballistic missile tests previous year, deepening concern in Washington that it could soon develop a nuclear-tipped missile capable of reaching the USA mainland.
"I should point out that 6.5 percent growth is not low speed and will not be easy for us to meet".
Last year, the US' deficit in trade in goods with China reached United States dollars 347 million, and Trump promised to close that gap, which he has also attributed to what he calls China's rigged currency exchange policies.
Chinese Premier Li Keqiang gives a press conference at the Great Hall of the People in Beijing, capital of China, March 15, 2017. Li said that "a closed-door policy or beggar thy neighbour approach will not make anyone the victor".
"We need to take very seriously the risks we are facing on the domestic front, especially in the financial sector". He said the exchange rate "will remain generally stable". "We still have a good reserve of policy options and instruments at our disposal".
Li said it is China's consistent position to champion globalization and support free trade.
Zhu Feng, a USA affairs analyst from Nanjing University, said communication between both countries had improved recently and Li's remarks showed Beijing was trying to create positive momentum for the summit.
But Li made no mention of the Communist Party's national congress to be held later this year, which he said earlier would be his government's top priority.
In a statement , Berry dedicated the album to his wife of 68 years, Themetta Berry, whom he refers to by her nickname, "Toddy". In Clinton's final year in the Oval Office in 2000, the president honored Berry as one of the Kennedy Center honorees.
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Now Eden Hazard is playing well again and Diego Costa is hitting some scoring form, Chelsea should be challenging once more. After underachievement last season, most anticipate City being challengers this time around.
A further estimate shows that the operating profits of the clubs could double to reach a cumulative one billion in the end. Dan Jones, the report editor, expressed that Premier League clubs have reached a turning point with such an achievement.
The company is now working with banks and partners to embrace this new technology, which will likely take some months to complete. For photography, the Galaxy Tab S3 sports a 13-megapixel rear camera with auto-focus and f/1.9 aperture.
Chicago Sun-Times reporter Steve Greenberg says the boy, 11-year-old John, is Northwestern Athletic Director Jim Phillips' son. Collins followed by driving to the rim and converting 3-point plays on back-to-back possessions to give Gonzaga a 53-34 lead.
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The snack was thoughtfully peeled for him by Mourinho and handed to Ashley Young, then conveyed to the defender. In the second half immediately he felt he couldn't carry on, so even a physical monster like him felt it.
The pair also headed to the historic Musée d'Orsay and were photographed looking through the museum's famous giant clock. The dinner was hosted by Her Majesty's Ambassador to France, Edward Llewellyn , at the British Embassy in Paris.
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