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Media Report
January 11 , 2019
  • Bloomberg reports, "Treasury Secretary Steven Mnuchin said Chinese Vice Premier Liu He is expected to come to Washington later this month for more trade talks, signaling progress in efforts to tamp down the dispute between the U.S. and China.'The current intent is that the Vice Premier Liu He will most likely come and visit us later in the month,' Mnuchin told reporters on Thursday at the Capitol in Washington... Mnuchin said he doesn't expect the partial government shutdown to interfere with Liu's planned visit. Negotiators from both the U.S. and China expressed optimism after mid-level talks wrapped in Beijing this week, bolstering sentiment across global markets." 
  • Reuters reports, "China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year's target of "around" 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher U.S. tariffs and weakening domestic demand. The proposed target, to be unveiled at the annual parliamentary session in March, was endorsed by top leaders at the annual closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting's outcome. The proposed target, to be unveiled at the annual parliamentary session in March, was endorsed by top leaders at the annual closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting's outcome. Data later this month is expected to show the Chinese economy grew around 6.6 percent in 2018 - the weakest since 1990."

  • The Guardian reports, "Poland has arrested a Chinese employee of Huawei and a Polish national involved in cyber-business on allegations of spying, Polish state media has reported, deepening the controversy over western criticism of the Chinese telecoms company. However, a spokesman for the Polish security services told Reuters the allegations related to individual actions, and were not linked directly to Huawei. US intelligence agencies claim Huawei Technologies Co Ltd is linked to China's government and its equipment could contain 'backdoors' for use by government spies. No evidence has been produced publicly and the company has repeatedly denied the allegations. But the criticism has led several western countries and businesses to consider whether they should allow Huawei's equipment to be used in their telecoms networks."
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