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On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag
e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified.
Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported.
She said Regan’s points were “all emotion” with “little substance”.
Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You
accuse me of being ’emotional’ and not knowing my facts – wrong! You name the time and place, and I’ll be there!”
In accepting the challenge, Liu wrote on Twitter: “My name is not #China State TV. It’s LIU Xin and ple
ase, feel free to call me Xin. … But I don’t want to play any mud throwing game, if that’s what you prepare to do.”
et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at
tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.
According to Guo, the short-term fluctuation of the RMB exchan
ge rate was normal, and the depreciation will not last long given the stable economic growth base.
“Any speculative activities to short the RMB will suffer huge losses,” he warned.
The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou
nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address
also partnered with local authorities in Hefei to test autonomous
driving technologies, including robotaxis and autonomous fleet management, and on-de
mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.
Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on
Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.
Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care
er, he has spent two-thirds of the time dealing with issues related to Japan.
He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.
de has made various remarks about trade negotiations, with some saying the agreement w
ill come out soon while others saying it’s still difficult to reach an agreement, from time to time.
China’s position has been consistent, Lu said. “The trade frictions should be resolved through friendly con
sultations and negotiations, which must be based on mutual respect, equality and mutual benefit,” he added.
SOUTHAMPTON, England – Nigel Farage’s Brexit Party was se
t to storm to victory in a European election, riding a wave of anger at the failure of Prime Min
ister Theresa May to take the United Kingdom out of the European Union, early results showed.
The country’s two main parties, May’s Conservatives and the opposition Labour Party, hemorrhaged support while sm
aller pro-EU parties did well: the Liberal Democrats were in second place, according to a BBC projection.
ented by its unilateral and protectionist moves, has harmed both countries’ economic interests an
d proved to be a drag on the global economy, as the recent turmoil in the international capital market shows.
Simulation tests of large general equilibrium models show that
both countries’ economic indicators would suffer due to the US tariff hike on $200 billio
n of Chinese goods two weeks ago. For example, China’s GDP could decline by 0.657 percent, manufacturing jobs by 1.02
8 percent, exports by 3.359 percent, and imports by 1.384 percent, while the decrease in the US’ GDP would be 0.004 per
cent, manufacturing jobs 0.652 percent, exports 1.876 percent, and imports 3.883 percent. And global GDP, ma
nufacturing jobs and trade could reduce by 0.123 percent, 0.28 percent and 0.79 percent.