China warns against the “Cold War” state of mind

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The chinese President Xi Jinping has warned of a “Cold War mentality”, as he has vowed to open parts of the economy of the country.

His speech at the Forum of Boao for the Asia – often referred to as the Asian Davos – seems to be an attempt to calm a trade row with the united states.

He has agreed to reduce import tariffs on cars and relax requirements for foreign companies investing in China.

But there was little information on when changes occur.

The chinese investment in US has fallen sharply

Analysis: Why China will not stop at US tariff threat”Zero-sum game”

Mr. Xi has made no specific references to the continuation of the spat with Washington that saw the two sides announce tit-for-tat plans to hit the customs duties on imports.

But in a veiled swipe US President Donald Trump, America is in the First position, Mr. Xi has called for the opening.

“The human society is facing an important choice to open or close, to move forward or backwards,” Mr. Xi told the audience, composed mainly of Chinese and international investors.

“In the world today, the trend of peace and cooperation goes to the front and a Cold War mentality and zero-sum game thinking is obsolete.

“Attention only to his own community without thinking of the other, can only lead into a wall. And we can get win-win results, while insisting on the peaceful development and work together.”

President of the Trumpet, in which the plane hit hundreds of Chinese products with rights have fuelled fears of a trade war, has not yet responded.

Washington claims China has failed to fulfil earlier promises to open the economy – including the setting up of barriers to international businesses access to markets and forcing investors to form joint ventures and hand over the intellectual property.

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18.2% of all China’s exports go to the united States

$129bn worth of China-made electrical machines purchased from US

59.2% growth in Chinese services imported by the united states between 2006 and 2016

$347bn, US goods trade deficit with China

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Xi see himself as “the adult in the room”

The analysis by Karishma Vaswani, Asia Business Correspondent

The chinese President Xi Jinping likes to position itself as the champion of globalization. It has constantly that when he made speeches at international forums.

And what better time to do that now, in the context of the continuation of the us-China trade row.

President Xi has said of the cold war and zero-sum mentality are in place and that dialogue is the way to resolve disputes.

What he probably means by that, of course – although he never said specifically, is that the President of the united states of Trump’s recent rhetoric on trade and the unfair practices by China are not in agreement with the way reasonable adults should behave.

In contrast to the rage and fire beards evident in President Trump’s tweets, President Xi put forward the face of a new China, and announced measures to make China’s economy more open.

Among the things he talked about included lowering import tariffs for vehicles, and the improvement of the transparency and the protection of intellectual property.

He also said that China really does not want a trade surplus.

But while on the surface the promises sound great, some are things that we have heard before. It is therefore difficult to see how a lot more access to China will give foreign companies in the reality.

But the President of the Asset to see the President Xi of the spirit of conciliation of the word as a sign that he has won a few concessions to the AMERICAN side? Wait for his next tweet!