Xi has strong words for Trump: 'In our culture, we punch back' — report

[rott]

Do you know what backdoor diplomacy is???


then make sure to change that name of yours...rotten

Sure, just for you, mighty mouse.

 

[Zhukov]

Only way out is to break the this Western Currencies backed system of International Trade.
Otherwise no Country can do S*** about USA and their demands. Accept it their is no considerable demand in international market for any currencies except western currencies like US Dollar, Euro and Japanese Yen.
Nobody will accept Renmbi or Rubel for Trade.
Unless a huge number of Countries start a mutual trade treaty or organization of sort for inter trade in some alternative currencies then Western Currencies, USA is the Big Daddy. and Such Statements will remain Big Words
Soviets tried their lives out against USA but fell on the ground face first because they failed to challenge Western International Trade and Monitory system.

But Neutral Countries are too busy Cutting each other legs or Too willing to Become Western Lackeys Instead of Doing Something to Break Western Hegemony over International Monitory and finance System. Like Russia China India Pakistan Turkey Iran and some Countries of Middle East and central Asia,Brazil and Latin America, Indonesia, Malaysia etc

 

[Solomon2]

TRUMP can scare the scarycat like EU or India but against China, we just laugh at the rhetoric.

GO, SHIP, GO! CHINA ROOTS FOR LAST U.S. SOYBEAN CARGO TO LAND BEFORE TARIFFS KICK IN

7/6/2018

By Lusha Zhang and Josephine Mason

BEIJING, July 6 (Reuters) - It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in.

Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of Dalian was the 34th-highest trending topic on the country’s Twitter-like Weibo on Friday, beating out the World Cup, showbiz gossip, and Beijing’s escalating trade war with Washington.

Reuters was the first to report on the final stages of the vessel’s one-month voyage to China as the countdown began for the United States and China to impose their tit-for-tat duties on $34 billion worth of each other’s goods.

Weibo users offered encouragement and support to the cargo, which left Seattle on June 8, as it became uncertain whether the ship would dock and unload its cargo before noon on Friday when the new tariffs took effect.

“Good luck, bro!” said one Weibo user.

“You are no ordinary soybean!” said another.

Soybeans are the top U.S. agricultural export to China, with the trade worth $12.7 billion in 2017.

Last week, the Peak Pegasus had been scheduled to land with just hours to spare, according to Thomson Reuters Eikon shipping data. Its arrival was pushed back in recent days to 5 p.m. (0900 GMT) on Friday.

Alas, the Peak Pegasus fell short. At 5:30 p.m., it was at anchor near Dalian, missing the noon deadline.

The comments showed how aspects of Beijing’s rift with Washington have seeped into the public consciousness. They also offered a rare moment of humor in an increasingly acrimonious row between the world’s top two economies.

Chinese state media have slammed the protectionist policies of U.S. President Donald Trump and on Friday likened his administration to a “gang of hoodlums,” but the trade conflict has gained little traction on China’s tightly controlled social media.

Still, one Weibo user with tongue firmly in cheek worried that the soybeans might get seasick, while another offered the beans some wry advice on how to avoid getting snarled up in the deepening row.

“Poor little soybeans. Try to become a bean sprout, maybe it’s not on the tariff list,” the user said.

One post offered to take the beans on a romantic break to Turkey.

It is not the first time the Peak Pegasus has had a starring role in Beijing’s trade showdown with Washington. In April, the ship detoured to South Korea from southern China after the country imposed hefty margin deposits on imports of U.S. sorghum, a grain used to make liquor and animal feed.

 

[HariPrasad]

It's fine but Trump is punching very hard for now.

 

[RAAJ大和]

Chinese don't forget they don't forgive...

 

[xunzi]

GO, SHIP, GO! CHINA ROOTS FOR LAST U.S. SOYBEAN CARGO TO LAND BEFORE TARIFFS KICK IN

7/6/2018

By Lusha Zhang and Josephine Mason

BEIJING, July 6 (Reuters) - It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in.

Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of Dalian was the 34th-highest trending topic on the country’s Twitter-like Weibo on Friday, beating out the World Cup, showbiz gossip, and Beijing’s escalating trade war with Washington.

Reuters was the first to report on the final stages of the vessel’s one-month voyage to China as the countdown began for the United States and China to impose their tit-for-tat duties on $34 billion worth of each other’s goods.

Weibo users offered encouragement and support to the cargo, which left Seattle on June 8, as it became uncertain whether the ship would dock and unload its cargo before noon on Friday when the new tariffs took effect.

“Good luck, bro!” said one Weibo user.

“You are no ordinary soybean!” said another.

Soybeans are the top U.S. agricultural export to China, with the trade worth $12.7 billion in 2017.

Last week, the Peak Pegasus had been scheduled to land with just hours to spare, according to Thomson Reuters Eikon shipping data. Its arrival was pushed back in recent days to 5 p.m. (0900 GMT) on Friday.

Alas, the Peak Pegasus fell short. At 5:30 p.m., it was at anchor near Dalian, missing the noon deadline.

The comments showed how aspects of Beijing’s rift with Washington have seeped into the public consciousness. They also offered a rare moment of humor in an increasingly acrimonious row between the world’s top two economies.

Chinese state media have slammed the protectionist policies of U.S. President Donald Trump and on Friday likened his administration to a “gang of hoodlums,” but the trade conflict has gained little traction on China’s tightly controlled social media.

Still, one Weibo user with tongue firmly in cheek worried that the soybeans might get seasick, while another offered the beans some wry advice on how to avoid getting snarled up in the deepening row.

“Poor little soybeans. Try to become a bean sprout, maybe it’s not on the tariff list,” the user said.

One post offered to take the beans on a romantic break to Turkey.

It is not the first time the Peak Pegasus has had a starring role in Beijing’s trade showdown with Washington. In April, the ship detoured to South Korea from southern China after the country imposed hefty margin deposits on imports of U.S. sorghum, a grain used to make liquor and animal feed.

Do I need to show you how many articles of American panicking over this trade war? In fact, there is a civil war in the comment section of every articles about this upcoming trade war. Xi is right, we are not changing anything. Make in China 2025 still stick. We still going to retaliate for every tariff they charge and we'll see who give up first. Shall we?

 

[TaiShang]

Do I need to show you how many articles of American panicking over this trade war? In fact, there is a civil war in the comment section of every articles about this upcoming trade war. Xi is right, we are not changing anything. Make in China 2025 still stick. We still going to retaliate for every tariff they charge and we'll see who give up first. Shall we?

The US side was rooting for the ship to arrive on time.

China's social media was having fun.

But, the ship failed to reach the port before the tariffs took effect.

 

[qwerrty]

The US side was rooting for the ship to arrive on time.

China's social media was having fun.

But, the ship failed to reach the port before the tariffs took effect.

i noticed trump only target products that owned by chinese companies in heavy industry only in his first wave of an attack. you can see he's obviously doesn't want trade war. if china keeps going blow for blow, he'll have to include consumer goods and those that owned by americans too. that is when things will get interesting

 

[TaiShang]

i noticed trump only target products that owned by chinese companies in heavy industry only in his first wave of attack. you can see he's obviously doesn't want trade war. if china keeps going blow for blow, he'll have to include consumer goods and those that owned by americans too. that is when things will get interesting

I ope it will escalate and will hurt the foreign (US) exporters from China, too. In turn, China will target their (remaining) export advantages, including services.

Noe its the US regime's turn. China slapped back at the same time (few seconds later, in Beijing time) as the US did.

If the US stops right here, it means, they have lost the nerve game.

If they continue, next wave of China's punitive measures will be more strategic and hurt the US major interests.

I like the momentum. I like the vitality the US regime economic war adds to China's industries. China may use the passive virus in the form of Trump to kill of the active virus, which is fundamentalist neoliberalism.

What I do not like is:

1. Naivety (Not knowing the real nature of the enemy)

2. Complacence (Thinking it is enough for hard work and we can take a rest)

President Li was probably talking about FLYCO below.

***

Impact of trade war on Chinese hi-tech industry likely nominal

By Zhang Hui Source:Global Times Published: 2018/7/8

Economy to maintain ‘stable, positive development’: Li
With broad international market prospects and intensified scientific research and development, China's high-tech manufacturing industry will not be obstructed by trade disputes with the US, Chinese analysts said.

The comments come amid Chinese Premier Li Keqiang's ongoing visit to the Central and Eastern European countries (CEEC), during which Li introduced innovative products made by Chinese enterprises to leaders of the CEEC.

"Hi, Prime Minister Borissov," Premier Li said in Chinese to a translation machine at an exhibition Saturday. His words were immediately translated into Bulgarian for Bulgarian Prime Minister Boyko Borissov, according to the Xinhua News Agency report.

As Borissov showed interest in the machine, Premier Li inquired about the price and bought one for him. Borissov then expressed gratitude in Bulgarian, which was translated into Chinese, "Thank you, Chinese Premier."

"The exhibits of innovative Chinese products marked that China's cooperation with the CEEC has deepened and transformed from raw materials to high-tech products, which will help China forge stronger ties with the CEEC," Zhao Junjie, a research fellow at the Chinese Academy of Social Sciences Institute of European Studies in Beijing, told the Global Times.

"It also signaled that China's innovative manufacturing industry has a stronger international competitiveness, and China has successfully widened its market to the CEEC," Zhao said.

Despite trade disputes with the US, China's creative manufacturing technology has stepped into a wider world through the Belt and Road initiative, including Southeast Asian countries and African countries, experts said.

China exported its facial recognition technology to Zimbabwe in May, which will help government to build a smart service network at airports, railway stations and bus stations. This was the first time that China's artificial intelligence (AI) technology entered the African market.

Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Sunday that the US tariffs, especially in China's high-tech industries, may only marginally impact China's manufacturing industry, as China has turned the pressure of the tariffs to a driving force for the development of the industry.

China has made great progress in recent years on automation and industry upgrades with intensified research, Luo Jun, CEO of the International Robotics and Intelligent Equipment Industry Alliance, an industry thinktank, told the Global Times on Sunday.

"The application of robots in fields including automobiles, healthcare, textile and chemical industries has helped China develop automated production and prompted intensified research on innovation by robotics companies," Luo.

The Chinese AI industry has undergone explosive growth since 2015, with the number of AI enterprises reaching 4,040 as of May this year, Science and Technology Daily reported on July 2.

During the 18th summit of Shanghai Cooperation Organization in June, several types of robots provided services for the meeting, such as security robots that patrolled the media center, robots that carried goods for guests, as well as robot guides that spoke Chinese, English and Russian.

According to a report from a Chinese news portal chinanews.com, all the smart robots at the summit were made in Qingdao, which is a flagship area for the country's "Made in China 2025" program.

Currently six of the world's top 10 robotics companies have moved to Qingdao, East China's Shandong Province.

Stable economy

China's progress on high-tech manufacturing benefits from China's stable economic development and opening-up policy, experts noted.

Premier Li reassured the CEEC during his visit that the Chinese economy is fully capable of maintaining a stable and positive development momentum with an accelerated pace of transitioning to high-quality growth, Xinhua reported.

The premier also reiterated China's stance of sticking to the path of market reform and greater opening-up and said that the opening-up measures are in line with China's own development needs and will not change due to external factors.

However, Luo told the Global TImes on Sunday that China's manufacturing level is still quite low compared with western countries including the US and Germany, and much of the core technology of the AI and high-tech manufacturing is still controlled by them.

He said that China needs to put huge investment in its own research, train more talents for high-technology and strengthen cooperation with western countries.

http://www.globaltimes.cn/content/1109959.shtml

 

[Solomon2]

Do I need to show you how many articles of American panicking over this trade war?

No. But that doesn't mean they are correct.

Most economists and businessmen are familiar with the effect of tariffs applied in the middle of a recession or depression. Hardly any recall the effect of tariffs on an economy that's going full-steam. Next it would be well to consider that the U.S. government has the advantage of international seigniorage AND international sovereign bond holdings.