China vice premier to visit USA for trade talks

India’s trade minister Suresh Prabhu has hailed the move by China

Among the list of hard-line demands that Trump's delegation handed China last week was an ultimatum to cut $200 billion from its annual trade surplus with the U.S.by 2020.

"We believe this shows the United States wishes to reach a consensus with China on trade issues", ministry spokesperson Geng Shuang said at a regular media briefing.

Customs data showed that exports jumped 21.5 percent from a year earlier in April, bouncing back from a contraction the previous month thanks to resurgent global demand.

The visit by vice-premier Liu He - considered President Xi Jinping's right-hand man on economic issues - comes after he led talks in Beijing last week with a high-level U.S. delegation that made little headway in resolving the standoff.

"We have noted the statement from the White House press secretary".

The heated row with Washington and threats of tit-for-tat punitive measures on trade and investment have added to existing concerns about an economic slowdown in China this year. In addition, the USA president wants sharply lower import tariffs for U.S. goods and a cut in Chinese state subsidies for advanced technologies.

Microsoft empowers developers to build intelligent apps for where the world works
SEATTLE-For the second year running, Microsoft is ramping up tie-ins between iOS and Android mobile devices and Windows 10 . Microsoft says it has a new Kinect device in the works, with some new sensors and plenty of computing power on board.

A Reuters report citing sources said China had offered to buy more USA goods and lower tariffs on some goods, including cars.

Trade discussions between China and the USA have intensified as Trump has targeted the trade imbalance between the two countries and insufficient intellectual property protections in China. Last year's merchandise trade surplus totaled $375 billion, according to USA data, while Chinese statistics put it at about $276 billion.

The meetings come after a series of tit-for-tat threats of tariffs on billions of dollars of goods sparked earlier this year by Donald Trump, who accuses China of using unfair practices to get an unfair advantage over United States exporters and costing American jobs.

China's imports from the U.S. climbed 11.6 percent between January and April, which however wasn't enough to offset a 13.9-percent rise in exports to that country.

"We think it shows the USA side's willingness to reach a consensus with China on economic and trade issues", China's ministry of foreign affairs spokesperson Geng Shuang said at a news briefing.

Related news:

Hot News

isis-killer-beheading-video-story-top What to expect from Google I/O 2018
May 08, 2018 - 01:02
It comes with two integrated microphones and can function as a normal smart speaker when the TV isn't in use. Android TV and Android Auto could also get mentions this week as both products are due for updates.

isis-killer-beheading-video-story-top Fitbit rolls out female health tracking and Android quick replies
May 08, 2018 - 00:57
This means you can respond to app notifications using pre-populated messages or emojis, right from your wrist. Fitbit finally rolls out two features users have been asking for: text response and female health tracking .

isis-killer-beheading-video-story-top The face of defeat: Tony Bellew stops David Haye in fifth round
May 07, 2018 - 07:50
The punch crashed into Haye's chin, sending him to the canvas awkwardly as his left leg remained slack and motionless. Haye was clearly hurt, and Bellew followed up with another sledgehammer of a right, this time to the top of the head.

isis-killer-beheading-video-story-top Taylor Swift visits 8-year-old Phoenix burn survivor in hospital
May 07, 2018 - 07:50
Get the tissues ready, Taylor Swift surprised a very special fan after learning that she's going to have to miss her concert. McCune was burned so badly, her bandage changes could take several hours, and she listened toSwift's music to stay calm.

isis-killer-beheading-video-story-top Trump CIA Pick Sought to Withdraw Over Interrogation Concerns
May 07, 2018 - 07:45
During the meeting, Haspel offered to withdraw if that would help the situation, two of the sources said . Pompeo, nevertheless he eventually relented, and the Senate confirmed him with a vote of 57 to 42.

isis-killer-beheading-video-story-top 'Infinity War' to set record, fastest to surpass $1 billion
May 07, 2018 - 07:44
The Force Awakens hit $400 million faster and landed a bigger second weekend, with a $149.2 million (GBP110 million) take. In its second weekend in theaters, " Avengers: Infinity War " continues to dominate in North America.

isis-killer-beheading-video-story-top Council simplifies GST returns
May 06, 2018 - 16:53
In the third stage, after the system is deemed to have stabilised, no provisional input tax credit will be allowed for buyers. In the second phase , with the new filing software in place, the seller will upload invoices on the GSTN portal.

isis-killer-beheading-video-story-top Twitter reacts to LeBron's winning shot to beat Raptors in Game 3
May 06, 2018 - 16:51
In his 15th season, with already one of the most impressive resumes in league history, James continues to add to his mythology. Round 2 has been a different story so far however, as the team shot 32% from beyond the arc in Game 1 and 40% in Game 2 .

isis-killer-beheading-video-story-top Chelsea v Liverpool Betting Tips: The Set Odds' Big Match Preview
May 05, 2018 - 13:33
Barcelona had won the quarter-final first leg 4-1 only to lose out on away goals when Roma won the second leg 3-0. Of course we wanted to go as far as possible, but my main target was the top four.

isis-killer-beheading-video-story-top Federal Reserve holds rates, on track for June interest rate hike
May 05, 2018 - 13:32
Equities tumbled in the final hour of trading as concern mounted that the Fed may let inflation run hot as it gradually tightens. In maintaining the federal funds rate in the range of 1.5-1.75%, the committee stressed its inflation target is "symmetric".

isis-killer-beheading-video-story-top Man Utd boss Mourinho explains Alexis absence for Brighton shock
May 05, 2018 - 13:31
But I thought we were outstanding tonight. "It's a relief because even going into the game I felt, for our season's work so far, that we deserved to stay in this league".

isis-killer-beheading-video-story-top Europa League: Atlético Madrid beat Arsenal, advance to final
May 05, 2018 - 13:30
French journalist Lois Elziere captured the scene in the early hours of May 4, as Marseille supporters sang and set off flares. Marseille won the tie 3-2 on aggregate despite losing the second leg 2-1 after extra time.

isis-killer-beheading-video-story-top Groom Anand Ahuja arrives in Mumbai for his wedding to Sonam Kapoor
May 05, 2018 - 13:29
Arjun Kapoor, Varun Dhawan and Jacqueline Fernandez seem to be having a lot of fun during Sonam's wedding preparations. Sanjay Kapoor's son Jahaan Kapoor clicked outside the residence of Anil Kapoor .

isis-killer-beheading-video-story-top Summary of Analyst Ratings Tips: Intel Corporation (INTC), Seadrill Limited (SDRL)
May 05, 2018 - 13:25
News articles about Intel (NASDAQ: INTC ) have trended somewhat negative recently, according to Accern Sentiment Analysis. The stock of Intel Corporation (NASDAQ: INTC ) has "Overweight" rating given on Thursday, April 19 by Barclays Capital.

isis-killer-beheading-video-story-top Lightning's Yanni Gourde becomes a dad between playoff games
May 03, 2018 - 13:21
The Bruins certainly can take one positive out of Game 3 , and that's the play of Tuukka Rask . It is the third line, now, where Cassidy will focus his attention and perhaps make a change.