Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,199,344 members, 7,971,210 topics. Date: Thursday, 10 October 2024 at 05:21 AM

China-us Economic War Hits Up… - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / China-us Economic War Hits Up… (596 Views)

EXCLUSIVE! Orji Kalu’s Deals: Panic Hits Access Bank As MD Sells Shares / Private Investment In Mining Sector Hits $2.32 Billion / BITCOIN HITS $10000, Earn Without Investment,trade With Sign Up Bonus (2) (3) (4)

(1) (Reply)

China-us Economic War Hits Up… by rcnews: 12:26pm On Mar 04, 2019
The Chinese government lashed out at the U.S. campaign against telecommunications equipment maker Huawei Technologies on Monday even as it hailed progress in negotiations over trade and North Korean denuclearization.
Taking questions from reporters ahead of Tuesday’s opening of the annual meeting of the National People’s Congress in Beijing, Zhang Yesui, a former ambassador to Washington, said the U.S. was applying a “typical double standard” to Huawei that was “neither fair nor ethical.”

U.S. efforts to persuade other governments to block Huawei out of their telecom networks violate the rules of the World Trade Organization, he said.

Zhang’s comments followed Canada’s decision on Friday to proceed with the extradition of Huawei Chief Financial Officer Meng Wanzhou to the U.S. to face charges of alleged bank fraud. Meng responded over the weekend with a legal challenge to the way she had been questioned and searched in Canada.

https://redcheetahnews.com/6404-2/



Huawei is not expected to figure in the formal agenda of the National People’s Congress. But the legislature’s convocation comes as American and Chinese officials work to finalize an agreement on trade ahead of an expected meeting between presidents Donald Trump and Xi Jinping later this month.
“In the past few months, both sides have engaged in intensive and productive consultations and so far have achieved substantive progress of many issues of mutual interest,” Zhang said Monday. “This has been well received in both countries and in the international community.”

Chinese President Xi Jinping arrives for the opening session of the Chinese People’s Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing on Sunday.


Zhang separately noted that the legislature will be voting on a revised foreign investment law that contains enhanced protections for the intellectual property of foreign companies and a prohibition on forced transfers of technology, both key U.S. concerns. The changes, Zhang said, will help create a “more open and predictable environment” for foreign business.
“The fact is the interests of the U.S. and China are so intertwined that a confrontational relationship will serve neither side’s interest,” he said. “If history teaches us anything, it is that both sides stand to gain from cooperation and lose from confrontation.”

“A proper increase in the defence budget is needed to safeguard national security and transform China’s military,” he said. Adding that China’s military budget, as a proportion of GDP, is lower than that of the U.S. among other countries, he said, “It is not a threat to other countries.”

China’s official defence budget for 2019 is expected to be revealed on Tuesday during the legislature’s opening session as officials outline overall spending plans for the year. Even so, many analysts say that the official budget significantly understates China’s total military spending.
Asked about Trump’s unsuccessful talks in Hanoi last week with North Korean leader Kim Jong Un, Zhang remained upbeat.



“The Korean Peninsula issue is highly complicated and sensitive, so there is no easy fix,” he said. “We cannot expect the issue to be resolved with one or two meetings.”

(1) (Reply)

Vacancies For Manager / Equity Turnover Drops To N13.5bn In 5 Days / How To Turn Your Slow Invoices To Cash

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.