U.S. President Donald Trump (3rdL) holds a bilateral meeting with China's President Xi Jinping (2ndR) at Trump's Mar-a-Lago estate in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria
Reuters: China offers concessions to avert trade war with U.S.: FT
China will offer the Trump administration better market access for financial sector investments and U.S. beef exports to help avert a trade war, the Financial Times reported on Sunday, citing officials familiar with the matter.
China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.
"China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump's election victory)," the Financial Times also reported citing a Chinese official involved in the talks.
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Update #1: Trade war averted as China and US agree 100-day plan (Financial Times)
Update #2: China Offers "Concessions" To Avoid Trade War As Trump Readies Anti-Dumping Probe (Zero Hedge).
WNU Editor: The Chinese government is throwing a "few bones" at the Trump administration to avert a trade war .... but they have to better than lifting their restrictions on beef and opening their financial sector to investments .... a financial sector that also so happens to be on the verge of collapse due to bad debts. What President Trump wants is access to Chinese markets without the myriad of restrictions and paperwork that the Chinese like to employ when it comes to imports .... unfortunately .... being someone who has dealt with the Chinese for over 30 years .... I know that on this critical issue the Chinese are not going to budge.