China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere.
The United States should "use every arrow" in its quiver to ensure a level commercial playing field in China, a U.S. business lobby said on Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country.
China said on Friday tension over North Korea had to be stopped from reaching an "irreversible and unmanageable stage" as a U.S. aircraft carrier group steamed toward the region amid fears the North may conduct a sixth nuclear weapons test.
The 100-day trade talks announced after a Sino-American presidential summit last week will aim to deal with decades of thorny trade issues, leaving some U.S. business leaders wary that the short timeline might yield superficial results.
The United States is pushing for trade to be a key issue in top-level economic talks with Japan, a person directly involved in the talks told Reuters on Thursday, an unwelcome development for Tokyo, which seeks to fend off U.S. pressure to reduce the bilateral trade imbalance.
Crisis averted—for now. Last week President Donald Trump met for the first time with Chinese President Xi Jinping at his luxury Palm Beach estate Mar-a-Lago, where the two leaders discussed North Korea and trade, among other topics.