Xi Jinping's China shows off force in South China Sea

See more of China on its high-speed rail

-China Dialogue on Global Issues at Georgetown University.

Xi, dressed in camouflage military fatigues and speaking aboard the Chinese destroyer Changsha, called for further modernization efforts, and underlined his goal of transforming the country's navy into a "world-class force" under the leadership of the Chinese Communist Party. So, why the sudden interest?

President Donald Trump on Tuesday praised the "kind words" from Chinese leader Xi Jinping and pledged "great progress" in the looming trade dispute between the world's largest economies.

As the NY Times headlined, "Farmers' Anger at Trump Tariffs Puts Republican Candidates in a Bind". But following Trump's tweet the White House made clear it wants to see changes enacted in China.

Take a deep breath: Robotics, new-energy vehicles, biotechnology, aerospace, high-end shipping, advanced rail equipment, electric power equipment, new materials (such as those used in screens and solar cells) and new generation information technology and software (including integrated circuits and telecommunications devices), as well as agricultural machinery.

Although Broadcom is based in Singapore, China loomed large in the decision, because Qualcomm is locked in a race with China's Huawei Technologies Co to dominate the development of next-generation wireless technology. Labor costs are surging as the country's rapidly aging population causes the workforce to shrink, undermining competitiveness in the sweatshop industries that underpinned its rise.

Sun and his alleged associates were accused of accepting money and assets worth 170 million yuan ($27 million) in return for providing help to unspecified organizations and individuals with engineering contracts, business operations and other matters, the court said.

Asian and European equities rebounded somewhat, despite heavy pre-weekend losses on Wall Street, as trade war fears gave way to investor optimism - but doubts remain.

He added: "Up to now China and the USA has not carried out negotiation at any level on the trade frictions". China also reportedly offered to open up financial services more rapidly and to give USA firms access to the rapidly growing e-commerce market in China. Indeed, our job market would improve if tariffs reduced our massive trade imbalance with China, and Trump is right to take strong steps toward that goal.

The tariffs are an attack on those emerging industries.

China has responded with its own list of U.S. goods it could levy, including soya beans, aircraft and other major USA exports, many of which come from battleground states influential in upcoming midterm elections.

Before the White House announced on Tuesday that U.S. President Donald Trump chose to skip the summit to focus on Syria, a U.S. official told journalists he planned to argue that the United States should "remain the partner of choice" for Latin American countries.

The Chinese exercises are taking place amid rising tensions between Beijing and Washington over trade, but analysts have also expected the Trump administration to harden its policy on the South China Sea.

As China's President Xi said above, only mutual dialogue and cooperation can work in today's world - if peace is to be maintained.

Technology companies, banks and industrial companies all rose Thursday as investors got ready for big banks to announce their first-quarter results and let go of some of their concerns about the trade dispute between the US and China.

Trump responded via Twitter that he was "thankful" for Xi's remarks on tariffs and access for USA automakers, and said both countries would "make great progress together".

The full list of Chinese imports that Trump is targeting thus far.

While Xi's speech did not inflame trade tensions, other comments by government officials have taken a firm line.

Related News:

  • Hamilton dominates opening practice session in China

    Hamilton dominates opening practice session in China

    Their straight-line speed in the last few races has been faster than ours and we have the longest straights here. Ferrari have nearly been flawless, and we are working on being flawless".
    Fortnite experiencing extended downtime after 'critical failure' with database

    Fortnite experiencing extended downtime after 'critical failure' with database

    An issue where players' sprinting/walking animations were broken after firing a Guided Missile while doing these actions. Last week, newly researched evidence suggests that the in-game event will likely take place next week on April 18.
    North Carolina restaurant offering tarantula burger

    North Carolina restaurant offering tarantula burger

    It's Exotic Meat Month and a North Carolina brewery is taking the opportunity to introduce customers to all types of meats. And if they finish their plate, they get a T-shirt to immortalize the eight-legged feat, according to Bull City's website.
  • Trump Convenes Task Force to Study Postal Service Operations

    Trump Convenes Task Force to Study Postal Service Operations

    The Postal Accountability and Enhancement Act in 2006 made it illegal for the Postal Service to ship parcels at below cost. Credit Suisse estimates this could amount to a hit of $1 billion to $1.8 billion to Amazon's bottom line.
    LA District Attorney's office is reviewing Kevin Spacey sexual assault case

    LA District Attorney's office is reviewing Kevin Spacey sexual assault case

    The police investigation in California adds to three already active in London against the two-time Oscar-winner. The actor apologised for his drunken behaviour, admitting he had no recollection of Rapp's account.
    APTOPIX UN Syria Russia

    APTOPIX UN Syria Russia

    Russia substantially amended those elements and presented them as a Russian-drafted resolution on Tuesday. However, some officials said a unilateral strike on Syria could be justified based on worldwide law.
  • Elon Musk says Tesla will be profitable in Q3 and Q4

    Elon Musk says Tesla will be profitable in Q3 and Q4

    It is important not to rely on any one financial measure, but to use it in conjunction with statement analysis and other measures. In businesses, income can refer to a company's remaining revenues after all expenses and taxes have been paid.
    Wells Fargo First Quarter Profit Advances, Revenue Dips

    Wells Fargo First Quarter Profit Advances, Revenue Dips

    The firm has a market capitalization of $253,301.77, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.37 and a beta of 1.13. Keefe, Bruyette & Woods restated a "buy" rating on shares of Wells Fargo in a research report on Tuesday, January 16th.
    Wolves win dogfight for final spot

    Wolves win dogfight for final spot

    The Rockets begin their quest to unseat the Warriors with a first-round matchup that they should breeze through. I'm glad in some ways that we had to win the (last) game and play our way in, because you want to earn things.
  • The Cowboys Have Released Former All-Pro Wideout Dez Bryant

    The Cowboys Have Released Former All-Pro Wideout Dez Bryant

    He said some of the frustration was rooted in the offensive scheme. "He will always be a valued member of our family", Jones said. The move is billed as a cap-saving measure, Bryant has not performed up to the heights he reached earlier in his career.
    'I'm Almost Dead,' He Told 911. 6 Hours Later, Body Was Found

    'I'm Almost Dead,' He Told 911. 6 Hours Later, Body Was Found

    Plush said several times he was "at Seven Hills", though the operator apparently did not hear clearly or understand what he meant. A police radio call shows that two officers were assigned to investigate the call seven minutes after the first call was made.
    Rising trend of casino apps

    Rising trend of casino apps

    For those who are looking for a specific game, Cherry Rush also includes a description of what games can be found each site. It used to be that if someone wanted to play a casino game they had to find a land based venue.


Most liked

Volkswagen names Herbert Diess as new CEO
Volkswagen Group has announced a significant executive restructure, as it chases " more efficient" management under new CEO , Dr. After-tax profit rose to 11.6 billion euros ($14.3 billion) previous year , on sales of 230.6 billion euros.

Queensland punk turtle with green mohawk added to endangered list
A Sydney-based turtle enthusiast found the Mary River turtle in a discovery that led to it being classified as a new species. This distinctive reptile is found in the Mary River in south-east Queensland, Australia.

Just one alcoholic drink a day could shorten your life, study says
More than that raises the risk of stroke, fatal aneurysm (a ruptured artery in the chest), heart failure and death. The study, which looked at data from 600,000 people in 19 countries, supported the UK's low safe-drinking limits.

Record Number Of Oklahomans Filing To Run For Office During Teacher Walkout
CT state police launched an investigation on December 14 after a Montville High School student appeared to have been traumatized. According to court documents, students told police Fish talked during one class about smoking marijuana and trying other drugs.

Billionaire Toy Tycoon Bids $890 Million To Save Toys "R" Us
Toys "R" Us, once the largest USA toy retailer, abandoned last month a plan to emerge from bankruptcy . Larian would join a list of bidders taking last-minute looks at parts of Toys "R" Us.

Ecuador's President Confirms Death of Kidnapped Journalists
The government Thursday received photos Thursday from the Colombian TV station RCN suggesting the three had been killed. He said the time for restraint was over and that he won't allow Ecuador to become a haven for transnational drug gangs.

Blizzard conditions close multiple roads in eastern Colorado
As North Platte and the surrounding area awaits predicted blizzard conditions, the weather is already starting to deteriorate. To keep updated on all current weather conditions, go to www.ksnt.com/weather or download the KSNT Storm Track Weather app .

Trump Agreed With 'Cooperative Approach' in Engaging With Mueller
The president also reportedly considered firing Rosenstein last summer around the same time that he considered firing Mueller. He is also looking at whether Trump obstructed justice by trying to interfere with the federal probe at any point.

Guardiola: City Are Not UCL Flops
The Manchester United full-back was not punished for the studs-up tackle, which left Aguero floored late in the second half. Pep Guardiola claims Manchester City did not fail in the Champions League despite their quarter-final exit.

Uh Oh, The Latest iOS Update Is Bricking Some iPhone 8s
Third-party repairers quickly found out that replacing a broken fingerprint sensor with a working unit would disable Touch ID. Each sensor is paired with the iPhone's logic board when the device is manufactured to prevent it from being tampered with.

Hawaii Volcanoes National Park to increase visitor fees
Daines said he has introduced legislation to help provide another source of funding for the needed maintenance work. Critics of the original proposal cited concerns that ordinary Americans would be priced out of visiting the parks.

Meghan Markle flies to United States to finalize UK visa application
WHAT is beauty privilege and how do we get our hands on it? "He said, 'Oh mum, just to get a glimpse of Meghan Markle!' ". Her outburst comes days after a list of about 600 guest invited to the Royal ceremony was released. "He's great.

Sea Of Thieves Updates Detailed, Will Bring Free New Content
A weekly events program will also be introduced in May, giving players new ways to play with weekly events and rewards. Once you and your crew enter the game you will choose between either a two-person sloop or a four-person galleon.

Will Fiorentina continue the fight?
Another 16 goals brought Lorenzo Insigne, 13 goals went from Jose Callejon and 11 from Marek Hamšík. Forecasts Bookmakers consider Napoli as the main favorite - the coefficient for the victory of the hosts is 1.28.

Bets for upcoming Southampton vs Arsenal fight
Neither Arsene Wenger nor his players could afford themselves to lose another match if they still want to be in the top four. Arsenal is still keeping the dream to be qualified in Champions League after the victory over Manchester on Sunday.