Trade war, day 124: Xi’s ‘firefighter’ at work

Newsletter

At the Bloomberg New Economy Forum in Singapore on Tuesday, Chinese Vice President Wáng Qíshān 王岐山 restated Beijing’s desire for trade talks with the U.S.

  • “The Chinese side is ready to have discussions with the U.S. on issues of mutual concern to push for a proposal acceptable to both sides to resolve their economic and trade issues,” Wang said, in a keynote that echoed sentiments expressed by President Xí Jìnpíng 习近平 at the China International Import Fair in Shanghai a day earlier.  
  • Some discussion between China and the U.S. is set for Friday with the resumption of a delayed high-level security dialogue in Washington between Secretary of State Mike Pompeo, Defense Secretary Jim Mattis, Chinese Politburo member Yáng Jiéchí 杨洁篪, and Defense Minister Wèi Fènghé 魏凤和.
  • Back in China, there is turbulence in the air at the biennial Airshow China in Zhuhai, where aircraft manufacturers both large and small are airing grievances over the ongoing trade dispute. China has levied a 5 percent import duty on small and medium aircraft while the larger players are so far unaffected. The event as a whole has a more subdued tone this year, reports the South China Morning Post, citing military sources who say that “the trade war and a lack of funding in the aftermath of the nationwide anti-corruption campaign driven by President Xi Jinping’s military overhaul forced organizers to try to lower costs this year.”

Other trade-war-related news:


Previously in SupChina’s trade war coverage:

Trade war, day 119: Trump has ‘good conversation’ with Xi, then issues another technology theft indictment