Sino-US Trade Talks to Be Held in China Next Week - Beijing

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Washington and Beijing have placed hundreds of billions of dollars worth of tariffs on each other.

"The U.S. and China now have a strong shared interest in striking a deal in order to halt the downward spiral in business and investor confidence, which have taken a beating in both their economies", said Eswar Prasad, professor of trade policy at Cornell University.

China said a US delegation will visit next week for trade talks, confirming the two sides will have their first face-to-face negotiation since President Donald Trump and his counterpart Xi Jinping agreed to a 90-day truce in their trade war last month.

Tensions between the two nations have been rising for the past year, after tariff disputes between United States president Donald Trump and Chinese president Xi Jingping, disrupted exports causing global economic slowdown fears. I really think they want to.

"China's not doing well now". Romney notes in his Tuesday night op-ed that "Trump was not my choice for the Republican presidential nomination", but says after he won, "I hoped he would rise to the occasion".

China and the U.S. established diplomatic relations on January 1, 1979, with Washington pledging to maintain only non-official ties with Taiwan.

Official data this week showed manufacturing has slowed in both China and the United States, though the U.S. Labor Department on Friday reported a surge in new jobs in December along with higher wages. The shares closed at US$148.26 on Friday, down about 5.1 percent for the week.

Growth is expected by the government to have eased to around 6.5% in 2018, down from 6.9% in 2017.

Apple shares dive; rare revenue warning drags global markets
We knew this would create a hard compare for the first quarter of 2019, and this played out broadly in line with its expectations. Apple's revised Q1 guidance forecast is dropping by up to $9 billion in revenue compared to its original estimate.

"They're going to be fine". Adding to concern, Apple CEO Tim Cook said later that day the company had underestimated the slowdown in the second largest economy.

Another 33 percent of companies said they plan to move out of China in the next six to 12 months, according to the UBS report.

Stock markets across the globe dropped Thursday after tech giant Apple said sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in the world economy.

Asian markets rebounded Friday on hopes that upcoming trade talks between the US and China will calm a trade dispute that has rattled global markets. That news that helped boost global markets.

American envoys are due in Beijing for talks Monday in a tariff battle over Chinese technology ambitions.

The US delegation to China will be led by Jeffrey Gerrish, the deputy trade representative, something which some trade experts believe will mean that the US will be particularly firm in its demands.

In December, Beijing´s commerce ministry said China and the U.S. "made new progress" on the issues of trade balance and intellectual property -one of the main sticking points of the trade dispute - during a phone call between officials from the two countries. They criticize his tactics but echo USA complaints about Chinese industrial policy and market barriers.

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