Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Foreign Affairs
Related: About this forumChina says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty
Source: Reuters
BUSINESS NEWS MAY 25, 2019 / 12:34 PM / UPDATED 7 HOURS AGO
China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty
BEIJING (Reuters) - The United States has called on China to curb the development of its state-owned enterprises (SOEs), a demand that China sees as an invasion on its economic sovereignty, Chinese state news agency Xinhua said on Saturday.
Trade tensions between Washington and Beijing escalated sharply earlier this month after the Trump administration accused China of having reneged on its previous promises to make structural changes to its economic practices.
Washington later slapped additional tariffs of up to 25% on $200 billion of Chinese goods, prompting Beijing to retaliate.
As trade talks stalled, both sides have appeared to be digging in. China has denied it had walked back on its promises but reiterated it would not make concessions to matters of principles to defend its core interests, although no full details were given.
-snip-
China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty
BEIJING (Reuters) - The United States has called on China to curb the development of its state-owned enterprises (SOEs), a demand that China sees as an invasion on its economic sovereignty, Chinese state news agency Xinhua said on Saturday.
Trade tensions between Washington and Beijing escalated sharply earlier this month after the Trump administration accused China of having reneged on its previous promises to make structural changes to its economic practices.
Washington later slapped additional tariffs of up to 25% on $200 billion of Chinese goods, prompting Beijing to retaliate.
As trade talks stalled, both sides have appeared to be digging in. China has denied it had walked back on its promises but reiterated it would not make concessions to matters of principles to defend its core interests, although no full details were given.
-snip-
Read more: https://www.reuters.com/article/us-usa-trade-china/china-says-u-s-demand-on-its-state-owned-enterprises-is-invasion-on-economic-sovereignty-idUSKCN1SV0I7
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 835 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty (Original Post)
Eugene
May 2019
OP
Kurt V.
(5,624 posts)1. Obviously some plan is needed to get a better trade balance with china.
but could you imagine if china gets tired of this trade war and decides to ignore every patent.
at140
(6,110 posts)3. China will not escalate trade war!
Millions of manufacturing jobs in China depend on exports to United States.
What China will do is prolong trade negotiations until Trump is out of office.
Chinese have patience in spades, Americans do not.
Kurt V.
(5,624 posts)4. oh i agree. but the ace they have in pocket is being ignored. Imagine Microsoft being
open sourced.
msongs
(67,441 posts)2. china will cut off trump's hat supply so watch out donald nt