China

China Caved! Xi to lower tariffs on imported autos after Trump’s tariffs threat

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Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China.

 

  • Trump is taking Beijing to task over China’s large trade deficit with the U.S., which Washington says is in part due to unfair trade practices.

 

( CNBC ) Chinese President Xi Jinping announced plans on Tuesday to open up the Chinese economy, including lowering tariffs for autos and other products and enforcing the legal intellectual property of foreign firms.

Xi’s comments come amid escalating trade tensions between China and the U.S. as the world’s two largest economies take turns announcing punitive trade measures against each other.

The World Trade Organization said Tuesday that China filed a complaint challenging President Donald Trump’s tariffs on imported steel and aluminum. It said China has requested 60 days of consultations with the United States on the steel and aluminum dispute. If that fails, Beijing could request a ruling from a panel of trade experts, The Associated Press reported.

In a speech at the Boao Forum for Asia, an annual summit that’s been dubbed the “Asian Davos,” Xi said China will take the initiative to expand imports this year and “work hard” to import products that are required by the population.

“China does not seek [a] trade surplus. We have a genuine desire to increase imports and achieve greater balance of international payments under the current account,” Xi said, according to a translation of the speech.

Beyond that, he described China as a country upon which other nations had imposed unfair trade penalties: “We hope developed countries will stop imposing restrictions on normal and reasonable trade of high-tech products and relax export controls on such trade with China,” he said, not naming any specific country.

Trump is taking Beijing to task over China’s large trade deficit with the U.S., which Washington says is in part due to unfair trade practices.

Last week, Trump asked U.S. trade officials to consider another $100 billion in tariffs on Chinese goods. China’s commerce ministry, for its part, said it would “fight back with a major response” if provoked.

Earlier in the year, the U.S. imposed tariffs on solar panels and steel and aluminum imports.

China, in turn, implemented additional tariffs on 128 U.S. products, including fruit and pork, in response to the Trump administration’s decision to impose duties on steel and aluminum. It also announced extra tariffs on 106 U.S. products last week, although no start date was given for those measures.

Trump said in a tweet on Sunday that China will remove trade barriers because that was the “right thing to do.” The president also expressed optimism that the countries would strike a deal on intellectual.

 

Read more: https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html

 

 

CHINA CONSTITUTION OKs XI JINPING PRESIDENT FOR LIFE…EMPEROR OR DICTATOR?

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China‘s rubber-stamp lawmakers have passed a historic constitutional amendment that abolishes term limits and will enable President Xi Jinping to rule indefinitely.

The National People’s Congress’ nearly 3,000 hand-picked delegates endorsed the constitutional amendment on Sunday, voting 2,958 in favour with two opposed, three abstaining and one vote invalidated.

The move reverses the era of ‘collective’ leadership and orderly succession that was promoted by form Deng Xiaoping to ensure stability following the turbulent one-man rule of Communist China’s founder Mao Zedong.

Delegates of the National People’s Congress applauded after each vote on the constitutional amendment to lift the limit of two five-year terms for the presidency.

At the same time, he gained a measure of popularity among Chinese people through a relentless crackdown on corruption that has punished more than a million party officials, and sidelined potential rivals.

‘I think that during the past five years, he has been carrying out a soft coup, including making the Politburo a mere figurehead,’ Chinese political commentator Wu Qiang said, referring to the 25-member Communist Party body one level under the ruling council.

‘He wants to prevent power from falling into the hands of technocrats like Jiang (Zemin) and Hu (Jintao),’ Wu said, referring to Xi’s two predecessors.

While attention has focused on the term limits, the amendments also include major provisions that will engrave Xi’s eponymous political mantra in the constitution and hand the Communist Party an even larger role in the country’s affairs.

 

Read more: Chinese lawmakers rubber-stamp change to their constitution to allow President Xi Jinping to rule for life by 2,958 votes to two

TRUMP BLASTS LaVar Ball, UNGRATEFUL FATHER OF UCLA BASKETBALL PLAYER JAILED IN CHINA FOR SHOPLIFTING

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Trump's lets loose on UCLA basketball dad

 

  • ‘Now that the three basketball players are out of China and saved from years in jail, LaVar Ball, the father of LiAngelo, is unaccepting of what I did for his son and that shoplifting is no big deal. I should have left them in jail!
  • ‘Wannabe @Lakers coach, BIG MOUTH LaVar Ball knows if it weren’t for President @RealDonaldTrump, his son would be in China for a long, long, long time!’

 

( Daily Mail ) President Trump lashed out at one of the UCLA basketball players’ dad, who didn’t give him credit for freeing his son in China.

‘Now that the three basketball players are out of China and saved from years in jail, LaVar Ball, the father of LiAngelo, is unaccepting of what I did for his son and that shoplifting is no big deal. I should have left them in jail!‘ Trump blasted Sunday afternoon on Twitter.

The president was following the lead of his social media director Dan Scavino, who used his personal Twitter account Saturday night to tear into Ball.

‘Wannabe @Lakers coach, BIG MOUTH LaVar Ball knows if it weren’t for President @RealDonaldTrump, his son would be in China for a long, long, long time!’ Scavino tweeted on Saturday.

The tiff began when LaVar Ball told told ESPN, ‘Who?,’ after the president’s name was mentioned over Trump’s handling of the matter with Chinese President Xi Jinping.

 

Read more: ‘I should have left them in jail!’ Trump blasts UCLA basketball player’s dad for ‘unaccepting’ what he did for son detained in China for shoplifting Louis Vuitton sunglasses

 

Before President Trump tweeted on the matter, Dan Scavino called LaVar Ball a 'BIG MOUTH' and a 'Wannabe Lakers coach' for not giving the president credit for helping his son 

 

 

 

 

 

THANKS TO TRUMP! THREE UCLA BASKETBALL PLAYERS DETAINED IN CHINA FOR SHOPLIFTING BACK IN U.S. THANKS TO PRESIDENT TRUMP

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UCLA players will be disciplined after China incident

 

( Daily Mail ) Three UCLA basketball players detained in China on suspicion of shoplifting returned home, where they may be disciplined by the school as a result of the international scandal.

Freshmen LiAngelo Ball, Jalen Hill and Cody Riley arrived at Los Angeles International Airport late Tuesday afternoon after a 12-hour flight from Shanghai.

They ignored reporters’ shouted questions while making their way through a horde of media outside and getting into a van that took off from the departure level.

Pac-12 Commissioner Larry Scott said the matter ‘has been resolved to the satisfaction of the Chinese authorities’.

The players were detained in Hangzhou for questioning following allegations of shoplifting last week before the 23rd-ranked Bruins beat Georgia Tech in their season-opening game in Shanghai as part of the Pac-12 China game. The rest of the UCLA team returned home last Saturday.

Read more: Three UCLA players accused of shoplifting sunglasses in China are allowed to return home after intervention from Trump… but are warned they now face punishment on home soil

Trump’s China visit brings $250 billion in US business deals

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Trump's China visit brings $250 billion in US business deals

 

( Fox Business ) A long list of U.S. companies announced $250 billion worth of business deals in China, coinciding with President Donald Trump’s visit with Chinese President Xi Jinping.

One of the highlights was Boeing (BA), which reached a $37 billion agreement to sell 300 planes to China. It was unclear if the deal was part of a prior announcement from Boeing that it would sell hundreds of jets to undisclosed buyers.

General Electric (GE) scored three deals in China valued at a combined $3.5 billion. Chip maker Qualcomm (QCOM) said it reached three non-binding transactions to sell $12 billion in semiconductors to Xiaomi, Oppo and Vivo over the next three years. Ford (F) and its Chinese partner, Anhui Zotye Automobile, agreed to invest $756 million in a joint venture to build electric cars. The joint venture was initially revealed in August.

 

Read more: http://www.foxbusiness.com/markets/2017/11/09/trumps-china-visit-brings-250-billion-in-us-business-deals.html

 

TRUMP’S GRANDDAUGHTER ARABELLA KUSHNER SINGING MANDARIN SONG AT STATE DINNER GOES VIRAL- A ‘CHILD STAR’ IN CHINA SAYS PRES. XI JINPING

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  • Chinese President Xi said Arabella is considered a “child star” in his country and hopes she will visit soon.

 

Arabella Kushner’s Mandarin song wows China.

President Donald Trump proudly played a video of his granddaughter Arabella Kushner singing in Mandarin and reciting ancient Chinese poetry during a state dinner on Thursday night in Beijing.

Trump had already shared the six-year-old’s performance with Chinese President Xi Jinping and his wife Peng Liyuan, according to Xinhua, the Chinese news agency that spread the video on social media.

Trump reportedly used a tablet to show Arabella singing in Mandarin and reciting poetry from the ancient verses of Confucius.

Xi said Arabella deserved an “A+” for the performance. He also said she is considered a “child star” in his country and hopes she will visit soon.

Arabella has a Chinese nanny who speaks Mandarin.

 

 

 

 

 

Clip: Donald Trump showed Xi Jinping footage of his granddaughter Arabella (pictured), six, singing in Mandarin and reciting ancient Chinese poetry, during his visit on Wednesday

 

 

She was taught well: Arabella, who has her hair pulled back from her face in a high bun, continues to show off her language skills in the online clip

 

 

 

CHINESE PEOPLE: TRUMP IS MORE HONEST THAN OBAMA

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trump tour

What Beijing residents are saying about President Trump

  • “He’s an interesting person, more honest than Obama”
  • “He has an outgoing personality and hates losing … I think his mental age is quite young.”
  • He is no politician and has big ego … so his honesty is, in a disrespectful way, a bit self-righteous and ignorant of other people’s feelings.”

 

Trump is currently in Beijing on his visit to China as president, and the first visit of a foreign head of state to China since October’s Communist Party Congress, in which President Xi Jinping greatly consolidated his power over the country.

As China is a communist dictatorship, there is no guarantee that the opinions issued to the South China Morning Post are earnest. They echo the nation’s government-run media significantly.

“He’s an interesting person, more honest than Obama,” said Fei Danyang, a 42-year-old financial analyst, according to the newspaper. “He is no politician and has big ego … so his honesty is, in a disrespectful way, a bit self-righteous and ignorant of other people’s feelings.”

Fei joked that watching tensions between Democrats and the Trump administration was fun, saying, “It’s like we [in China] are just like watching a fire from across a river. The chaos is theirs. The more dramatic it gets, the more fun it is to watch.”

The Chinese government has repeatedly used its state media to claim that the West is in a state of “chaos,” as opposed to the “stability” of their communist tyranny.

64-year-old Li Dongsheng, a retired teacher at a military academy, told the newspaper that she liked Trump’s style.

 

“As a 71-year-old man, he is spirited and energetic. He pushes beyond his own boundaries and he takes up new challenges. I admire him for that.” Li is quoted as saying. “He has an outgoing personality and hates losing … I think his mental age is quite young.”

Read more: Beijing Residents on Trump: ‘More Honest than Obama’