KXIP vs KKR Live Score

"The front-loading impact is quite obvious to me", said Betty Wang, senior China economist at ANZ in Hong Kong.

- China said Friday it is in contact with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the US stock market blamed partly on a growing trade war between the world's two largest economies.

Mr Trump lashed out as as senior White House figures accused China of trying to destabilise United States democracy and presenting the most serious threat to its security. Chinese operative Xu Yanjun also attempted to steal trade secrets from US aviation and aerospace companies, the department said.

The increase, the result of both increasing exports from China to the USA - up 14.5 percent from the same month a year ago - and a decline in the goods that China is buying from the U.S.

Exports rose 14.5 percent over a year earlier to $226.7 billion, up from August's 12.2 percent growth. A draft report ratchets up criticism of Beijing for failing to rectify its trade imbalance, and also singles out several other countries for eroding the U.S.'s competitive edge, the people said.

He blamed previous USA presidents for allowing China to pursue unfair trade practices and said he had to tell Beijing, "It's over". The review was prompted by China's accelerated efforts to acquire US intellectual property to the detriment of USA businesses and military interests, they said.

"It's got to be more than a signal" from China, Mnuchin said.

The Trump administration is trying to overcome a US$376 billion trade deficit with China and combat what it claims are unfair trade practices by Beijing.

This week, China's central bank reduced the cash reserves that banks must hold to boost lending.

The measures are the latest salvo in a widening United States drive to pressure China, with the Trump administration recently slapping $250 billion in tariffs.

September marked the second straight record Chinese monthly trade surplus with the United States. These would be the first direct talks since August, but with both sides digging in their heels, there are few hopes the leaders can secure a major breakthrough.

China has gained substantial economic strength, Bolton added, by neglecting global norms they were expected to comply with and has committed frequent violations since joining the World Trade Organization.

In a separate report released on Friday, the International Monetary Fund (IMF) cut its expectations for China's GDP growth by 0.2 per cent for 2019, citing the ongoing trade tensions.

S&P expects China's gross domestic product to grow at a 6.5 per cent rate this year, 6.3 per cent next year and 6.1 per cent in 2020.

"A lot of people were concerned when the QEs were done whether the Fed would ever be able to downsize and I think the market has handled the supply very well, ' Mnuchin said".

Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018.

"He won't be happy with these figures but it proves that tariffs don't help curb exports", he said.


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