Saturday, 17 November, 2018

President Xi: International Import Expo Sign of Globalisation

The China International Import Expo, slated to be held annually will run for six days from Nov 5 to 10 China's Expo attracts 1000 firms from Belt and Road countries
Faye Gross | 08 November, 2018, 12:58

Chinese tycoon and Alibaba co-founder Jack Ma said that he really hated the ongoing trade war between Washington and Beijing and called it the "most stupid thing in this world".

Earlier in the morning, the president, Xi Jinping, had inaugurated the protest in the economic capital of China with the promise repeated to further open the chinese market to imports.

Christina Schosser, head of ADVANTAGE AUSTRIA Shanghai said the Chinese economy is developing rapidly with the country expecting to import goods and services worth more than ten trillion US dollars within the next five years, which gives Austrian companies a great opportunity to enter the Chinese market or to expand their activities. "Becoming a major buyer of foreign products is the greatest challenge for China", he announced.

The fundamentals for sound and stable economic growth remain unchanged, the necessary production factors for high-quality development remain unchanged, and the overall momentum of long-term economic stability and progress also remains unchanged, Xi said.

Based on past experiences, asking foreign businesses to operate in free-trade zones that are "ring-fenced" from the rest of the country, separating producers from their target consumer audience, is not a good example of China opening up its markets, its statement continued.

Ma made the comments at the China International Import Expo (CIIE) held in the Chinese commercial hub of Shanghai. If Beijing fails to uplift the duties on USA imports, Trump said he would slap tariffs on the remainder of China's $500 billion-plus exports.

Boeing is said close to issuing warning on 737 Max after crash
In December 2014, an AirAsia flight from Surabaya to Singapore plunged into the sea, killing all 162 on board. The plane went into a sudden dive minutes after takeoff, which the pilots were able to recover from.


Ma, the billionaire owner of China's largest online shopping portal, made the headline-grabbing job-creation promise to Trump a year ago, when Beijing was still courting the then-newly elected president. President Trump blames the trade deficit for a host of U.S. economic ills including rising unemployment, which was one of the key issues he raised as an election issue. His view, Ma added, was not to worry about technology. "The people who worry about technology are first, older people, second, government and third, successful people; they hate it and worry about it".

"Trade is to form peace". The trade, it is (...) to communicate.

"They should not just point fingers at others to gloss over their own problems", Xi said, decrying "protectionism", "isolationism" and confrontation.

"It is important for us therefore to correct the existing trade imbalance to enable a fair share of the benefits of trade", he said.

The EU Chamber of Commerce last week urged Xi to "move past the rhetoric" on trade and put in place real and significant opening measures.

The import expo, which is touted to be an annual affair, is widely believed to be a sign of the country's willingness to allow more imports and reduce surpluses with its trade partners.

Recommended

Indonesian airline passengers revolt over sacks of stinky durian Indonesian airline passengers revolt over sacks of stinky durian Zidane wrote that the passengers were allowed to leave the plane while the crew unloaded the sacks of durian from the plane. Passengers watched from the side as the fruit was taken off the flight, reboarded, and took off after about an hour delay .

Former Cowboy Dez Bryant agrees to deal with Saints Former Cowboy Dez Bryant agrees to deal with Saints He caught 531 passes for 7,459 yards and 73 touchdowns during his tenure, including 838 yards and six touchdowns last season.

Who's hot, who's not on MTV Europe Music Awards 2018 red carpet Who's hot, who's not on MTV Europe Music Awards 2018 red carpet Camila Cabello has said that it has "always been hard" for the Latin population in the United States. Singer and actress Hailee Steinfield took the helm of the award ceremony as host.

Sheriff: Daytona Beach-area teen killed mom after arguing over bad grade Sheriff: Daytona Beach-area teen killed mom after arguing over bad grade Gregory's two friends, both 17-years-old, are facing charges of being accessories to a crime after the fact, authorities said. Ramos was charged Sunday with first-degree premeditated murder and is now being held in a juvenile detention center.

Pep Guardiola - Maybe Raheem Sterling could have told the referee Pep Guardiola - Maybe Raheem Sterling could have told the referee Unfortunately we're not qualified but we are so close. We reacted really well, especially the last two. We are in a good position but it is not done.

Santiago Solari says Real Madrid win about players Santiago Solari says Real Madrid win about players Bale getting a first goal in eight games added to a sense that things are now clicking under still interim coach Santi Solari . It was a landmark night for Benzema , whose first goal was his 200th for the club.

At Least 78 Students Kidnapped in Cameroon At Least 78 Students Kidnapped in Cameroon The video has not been verified, but the AP reports some parents wrote on social media that they recognized their children. No one has yet claimed responsibility for Monday's mass kidnapping. "We shall only release you after the struggle".

Ariana Grande apologises to ex Ricky Alvarez Ariana Grande apologises to ex Ricky Alvarez Davidson went on to describe Grande as a " wonderful, strong person " and wished her all the happiness in the world. This should be the last time we hear about the Ariana Grande-Pete Davidson relationship that was.

Jury selection begins for El Chapo's trial Jury selection begins for El Chapo's trial Guzman has been held in solitary confinement since Mexico extradited him in January 2017, one day before Donald Trump took office. Prosecutors say they believe they can prove he was also involved in a 1992 shootout at a nightclub that left six people dead.

US troops seen setting up barbed wire near Mexico border US troops seen setting up barbed wire near Mexico border The Department of Homeland Security disputes that characterization, and the story has been updated with DHS comment. Manning also pointed out that soldiers "do not plan to interact with the protesters or migrant" at the border.

Democratic Socialist Alexandria Ocasio-Cortez: We Need to Confront Trump's Creeping Authoritarianism Democratic Socialist Alexandria Ocasio-Cortez: We Need to Confront Trump's Creeping Authoritarianism In South Dakota, the Republican congresswoman Kristi Noem will become the state's first female governor. "Now, senator will do". Marsha Blackburn became the first female senator to represent Tennessee when she outlasted a challenge from former Gov.

Taylor Swift Loses Tennessee Senate Race Taylor Swift Loses Tennessee Senate Race Bob Corker, a moderate Republican who opted to retire previous year after repeated clashes with President Trump . Marsha is the conservative champion we need in Washington to fight for the Trump agenda.

The 14 Best Quotes From Trump's Wild Post-Midterm Presser The 14 Best Quotes From Trump's Wild Post-Midterm Presser President Trump said Wednesday that a reporter's question about whether he foments white nationalism was a "racist" question. But they lost their majority in the House, a setback for Trump after a campaign that became a referendum on his leadership.

Pot Stocks Surge on Heels of Midterm Election Results Pot Stocks Surge on Heels of Midterm Election Results When Gallop began polling Americans about the marijuana legalization in 1969, just 12 percent of respondents supported the issue. In Florida, 63 percent voted to pass a measure that restores voting rights to 1.5 million former convicts .

Most Britons back staying in EU Most Britons back staying in EU Justice Secretary David Gauke warned that a no-deal Brexit would be bad for the UK. And the survey results will not help her.