(This story dated December 17 corrects Scott Kennedy’s title and organization in 21st paragraph)
FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump’s national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque/File Photo
By David Lawder
WASHINGTON (Reuters) – The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business.
U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed on Dec. 1 in Buenos Aires to stop escalating tit-for-tat tariffs that have disrupted the flow of hundreds of billions of dollars of goods between the world’s two biggest economies.
Since then, Beijing has resumed buying U.S. soybeans, the single largest agricultural export between the two countries. China has also cut tariffs on imports of cars from the United States, dialed back on an industrial development plan known as “Made in China 2025,” and told its state refiners to buy more U.S. oil.
Trump took those as signs that “China wants to make a big and very comprehensive deal.”
But they only start to bring Beijing and Washington back to their pre-trade-war status quo, experts said, and do little to resolve core U.S. demands for structural changes in China to end policies that subsidize large state-owned enterprises and effectively force the transfer of American technology to Chinese firms.
“I think these are goodwill gestures, but they don’t go beyond offers that were on the table before Trump launched his trade war,” said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.
“Much more will have to be offered by China to reach an interim agreement in March 2019,” Hufbauer said, adding that structural changes would be far harder to agree on, much less achieve, by then.
Trump and Xi agreed on Dec. 1 to launch new talks while the United States delayed a planned Jan. 1 tariff increase until March 2.
A spokeswoman for U.S. Trade Representative Robert Lighthizer, who is leading talks from the American side, did not respond to queries about the significance of China’s trade steps.
No schedule for face-to-face talks between U.S. and Chinese officials has been announced since Trump and Xi met, but a person familiar with the discussions said meetings would likely take place in early January and that the two sides were in frequent contact.
NO ‘TREMENDOUS’ PURCHASES YET
The first signal that China had resumed purchases of U.S. soybeans came in a Reuters interview last week with Trump, who said Beijing was buying “tremendous” amounts of soybeans.. China had stopped importing the oilseed from the United States in July, when the two countries unleashed new tariffs on each other’s goods.
But the initial purchases of 1.5 million tonnes disappointed traders and were only a fraction of the 30 million to 35 million tonnes China buys from U.S. farmers in a typical year, with 2017 purchases of $12 billion.
“We’re glad to have it, and we hope there is more,” a person familiar with the U.S. negotiating strategy said of China’s initial soybean purchases.
“Remember, even with the tariffs, the expectations were still for $7 billion worth of soybeans going to China. And we haven’t seen that.”
The concession that most captivated Trump was China’s suspension of a punitive 25 percent tariff on U.S.-built vehicles, cutting its tariff rate back to the 15 percent global rate it put in place in May..
Derek Scissors, a China scholar at the American Enterprise Institute, a business-oriented think tank in Washington, said the move was a “reasonable trade step,” but taken years too late. He added China would not likely increase imports from the United States because of a slowing market and excess domestic production capacity.
“Trump is right to say it’s a positive move, but in a year he’s going to be angry because auto exports to China aren’t going to have budged,” Scissors added.
China also issued guidance to local governments dropping references to its “Made in China 2025” high-tech industrial development goals amid reports it was looking to replace the program aimed at rivaling U.S. dominance in industries such as aerospace, robotics, semiconductors, new energy vehicles and artificial intelligence.
U.S.-China trade watchers expressed the most skepticism about that move, because state control of China’s economy has increased under Xi and few see China agreeing to abandon its industrial policy goals of developing national champions in future industries.
SIGNALS FROM XI
Signals of further concrete steps could come from Xi on Tuesday in a speech marking the 40th anniversary of China’s 1978 economic opening under late leader Deng Xiaoping and a major Communist Party conclave on economic policy. Some Chinese government advisers have called for accelerated reforms on the anniversary.
Scott Kennedy, director of the Project on Chinese Business and Political Economy at the Center for Strategic and International Studies in Washington, said it was essential that Xi send “unequivocal signals about the broad direction of greater liberalization.”
“The next step would be to see a series of substantial reforms taken on their own, and all of that would lay the groundwork for renewed U.S.-China negotiations early in the new year,” Kennedy added.
One of the people familiar with the talks said Lighthizer would insist on commitments and evidence that China is changing laws on competition policy, joint ventures, intellectual property rights and market access and enforcing the changes.
“It would be great if Xi Jinping, in the name of achieving competitive neutrality, pledges to take very concrete steps that would strip immunity and special treatment from state-owned enterprises in Chinese law,” the person said.
“They’ve got to go considerably past the old status quo on a lot of difficult issues to be able to claim that they’ve done something really significant.”
Reporting by David Lawder; Additional reporting by Chris Prentice in Washington; Editing by Simon Webb and and Peter Cooney
Independent Consultant Beginner – 6 Should Have Pieces Of It Technology And Software
Many travel sites offer E-tracking. Getting keep you updated by the cheapest travel methods. You will get an alert by email if the flight in order to or previously booked has dropped in price.
An impressive media player supports several formats of both music and video clips. These can easily be in order to and from a computer by using the microUSB (v2.0).
Knowing Things That is happening in Your kid’s School – Always take contact with the teachers of the child’s degree. Try to introduce yourself and give your quantity or e-mail to construct a good communication with that company.
There are several precautions that runners should take irrespective they tend to run the particular night. It is a good idea to cover a route during the previous day running it at dusk. This will enable the runner to get an associated with any potholes or other hazards that may be more difficult to see throughout the night.
Give some thought to ones ear monitoring. You must be able to be handled by your music and Prima Wireless Earbuds Cost regarding your bands when playing live. You should determine generally if the onstage monitors will do great enough. If you’re not convinced of this then consider using headphones. This is definitely inexpensive products and solutions consider Shure EC range in ear monitoring buds.
Before packing, make a subscriber base. You can start your list anytime an individual decide to travel. By having a detailed listing of what you need, realize that some take the stress out of packing. Even if you won’t have enough time to pack until covered minute, using a list should keep you prearranged.
Watching family members head on their way to acquire a run through the night can certainly be a little unsettling. It is also a choice to tell loved ones where you’ll be running as well as how long anticipate to be wiped out. Going out for a run using a family member or friend may make everyone involved feel a touch more at level of comfort.
To handle metal detector Prima Wireless Earbuds Cost is fairly simple. All you need do is turn it on, as well as move slowly over find out what where you need to search. In most instances you will sweep the coil to and fro over the bottom in front of your when you pass across a target object then the metal detector will make an audible signal. A lot more advanced metal detectors available which convey a display that pinpoints the kind of metal that you have got detected and how deep on your lawn it is regarded as.
What Make Sure You Really Know Right Anyone Decide To Travel
When traveling with children advised plan your route in advance. Do a little research and see as relevant and fun places to stop such as parks, museums or other attractions. Once you take breaks every non-chemical hours so everyone maybe even including the children probably get out and stretch their legs.
And yet their internal mechanics have improved with as of yet these people offering us much more than the mere Fm wavelengths. With their radio kit specially the newer model launched, you will get FM, AM, Internet radio, weather forecast and also TV recording.
Sony PSP – This will be the more advanced of the two in relation to Pure Pod Vibes (purepodvibes.org) specs. The PSP has a very high quality screen and can do proper sounds so may even watch free movies online on it’s. But you’ll have get the UMD movie disks and may cost replacing or additional a regular DVD. The PSP doesn’t have a a display and if you’d like to play linked games you’ll in order to be get a cable and each player need to have a copy of the sport.
Once that alarm sounds you in order to spend one hour writing down everything you just remember musing about it. You can then go back to sleep, but make particular command yourself to continue exact same way dream. Since REM state is one of the most state for dreaming, technique stretches against eachother and helps to make this more effective for lucid dreamers.
Departure time is extremely important. Leaving early am is a proficient plan. Your offspring will be tired and possibly sleep vehicle for the first part of the trip in any case.
Entertainment electronics cut in again. Modern airlines provide small TV in the back of the seat even for economy class, or Pure Pod Vibes superb hanging away from the ceiling, which are usually difficult towards your kids to ascertain if they’re not sitting within corridor outside. If you don’t have that type of luxury, a camcorder with headphones will have the desired effect. Modern camcorders have a little flat screen, so its possible to use because a mobile TV/VCR combine. For older children, a laptop with a DVD-player are able the job as so. But keep in mind to charge the batteries up to now!
Skateboard Parks: The best shop to do skateboarding in at a skateboard city park. They are safer places to skateboard because they remove associated with posed by motor all together .. The ramps are well constructed, the park is in the main free of debris; there is ample lighting for night professional skateboarding. Follow the park rule and traffic flow, skate the four foot ramp, then the six, after that your eight. I know it sounds like common sense, but sometimes boarders enter into “their zone” and Pure Pod Vibes Reivew Pod Vibes Reviews forget what’s natural. That takes us back to the ‘Keep your focus strategy. You always have to be know.
Majority of Canadian workers willing to take less pay for a workplace pension plan: survey
A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data.
The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build back the post-coronavirus pandemic working landscape better by expanding access to good retirement plans — whether they’re defined benefit, defined contribution or group registered retirement savings plans, says Steven McCormick, senior vice-president of plan operations at the HOOPP.
According to the survey, a secure retirement remains of greater concern for Canadians than concerns about their health, debt load and job security. McCormick says this has been a consistent worry the HOOPP has seen in survey results over the past couple of years. Nearly half (48 per cent) of respondents said they’re very concerned about having enough money in retirement, while 31 per cent were highly concerned about their personal debt load and 26 per cent cited their job security. Close to half of respondents expressed high concerns for their physical (43 per cent) and mental (40 per cent) health.
In addition, the pandemic has harmed the finances of more than half (52 per cent) of Canadians’ surveyed and it’s had a particularly disproportionate affect on the finances of younger adults. Adults aged 44 and younger said they’re twice as likely (25 per cent) to have had their finances greatly harmed, compared to those over the age of 60 (12 per cent).
Generally, younger adults tend to work in roles that may have been impacted most by the pandemic, says McCormick, whether in service industries that were shut down or frontline health care that have been busy but don’t always come with access to a pension plan. “Affordability is an issue, so I think their worries increased during this time.”
And while almost half (46 per cent) of Canadians surveyed said they’ve saved more money than they would have since the onset of the pandemic, among these respondents, over half (52 per cent) didn’t put any of their savings toward their retirement. Overall, most (63 per cent) Canadians surveyed haven’t set aside or saved anything for retirement in the past year, a five-point increase since 2019.
McCormick says this may be due to uncertainty or hesitancy about whether people’s immediate needs outweigh longer-term needs. And with 55 per cent of respondents noting they were very concerned about the cost of day-to-day living, he adds that rising prices have fuelled insecurity and worries so people are creating their own emergency funds right now.
While there’s a segment of the population who’ve saved more and, for them, the pandemic has created wealth, he doesn’t see this as a common narrative in the survey data. “If you don’t have access to a workplace pension or the opportunity to have things like automatic enrolment, the uncertainty of the time may have you holding onto money,” says McCormick. “In Ontario, we’re more optimistic about the pandemic than we were maybe a month ago, but there are still people worrying about whether there’ll be a fourth wave.”
In addition, more than two-thirds (67 per cent) of respondents said a retirement crisis is looming and 65 per cent said saving for retirement is prohibitively expensive. It’s a common and shared dream for many people in looking forward to a secure retirement, says McCormick, noting for many, making that dream a reality remains elusive.