China and the United States are close to the agreement. The transfer is 3.27. The Beijing Open Market increases the purchase.
Foreign news reports that Sino-US trade negotiations are coming to an end, and they are striving to hold a meeting of the two heads of state on March 27, US time, and sign a final agreement. The Wall Street Journal quoted the news as saying that China and the United States are making final discussions. In order to facilitate the agreement, both sides have made concessions. Beijing agreed to lower tariffs on US agricultural products, automobiles and other commodities, and to relax foreign equity restrictions in the auto industry. Washington has cancelled most or all of its tariff measures on Chinese goods last year.
The report said that the agreement was based on the consensus reached in Washington at the end of last month, but there are still some differences between the two countries. Therefore, they are cautious about whether they can reach an agreement. The negotiators of both sides are also worried about the content of the clause and will be criticized by the local people for making More concessions. According to the news, President Xi Jinping and US President Trump will hold a formal agreement at the summit. The “Study Conference" will be held on March 27th, US time.
Buying 18 billion US dollars of natural gas
Trump said earlier that he would meet with Xi Jinping at a resort in Florida, USA. The news indicated that Xi Jinping, after ending his visit to Italy and France on March 27, went to the United States to meet Trump on the way back. However, the Chinese side has not yet commented on the possibility or location of the seminar.
The news mentioned that China will promise to accelerate the fair development of the market in the agreement, including speeding up the elimination of foreign-funded shareholding restrictions in the auto industry, reducing import vehicle tariffs to less than 15%, and pledging to purchase more US goods, including energy to the US. The company Cheniere purchased $18 billion worth of natural gas.
The United States will also make concessions accordingly, and will cancel most or all of the tariffs imposed on Chinese goods last year. According to Bloomberg News, Chinese officials have repeatedly pointed out that the United States must cancel the tariff imposed on Chinese goods of 200 billion US dollars last year, which is a necessary condition for reaching a final agreement.
The two sides are still struggling on China’s industrial policy issues, including the US request for the Chinese government to cancel subsidies for domestic enterprises, especially for state-owned enterprises. Another thorny issue is that the United States has demanded the restoration of tariffs as a means of supervising China’s commitment to fulfill its obligations. The US even hopes that Beijing will not counter the resumption of tariffs, but China is worried that the relevant mechanism will be regarded as not for China. Equality treaty.
Liu Zunyi is optimistic, structural problems are difficult to understand
Liu Zunyi, former president of the Chinese University and famous economist, is optimistic about whether China and the United States can reach an agreement. They believe that both sides hope to have an agreement, but it is difficult to assert that it will succeed. Trump has suddenly cancelled negotiations with North Korean leader Kim Jong-un. .
Liu Zunyi said that the trade deficit between China and the United States can be resolved. China has the ability and need to increase the purchase of US goods, such as agricultural products, meat and energy. However, the dispute between the two sides on structural problems such as forced technology transfer is more difficult to resolve. Or even the negotiations have hit the rocks. Regarding the monitoring mechanism that the US is striving for, he said that if the mechanism allows both parties to lodge complaints about places that have not been implemented in the agreement, it is believed to be fair.
As for the impact of trade friction on Hong Kong, Liu Zunyi reiterated that the impact of tariffs on Hong Kong’s exports is negligible, but trade frictions will affect the stock market and the property market. In particular, Guangdong is China’s most affected by trade tariffs, while most of the visitors come from Guangdong, trade. The dispute will dampen the desire of mainlanders to buy flats and travel shopping in Hong Kong.