China Disapproves of Taiwan Delegation at Trump Inauguration

Photo taken on Dec 1, 2016 shows the Huanghua Port in North China’s Hebei Province.

China did not steal American jobs, Mr. Ma said, adding that the loss of jobs is a strategic mistake on the part of the USA, state-run People’s Daily reported on Saturday.

Donald Trump’s administration may be on course for a fraught relationship with China amid disputes over trade policy, according to Citigroup Inc., which warned the new USA government could introduce more protectionist measures against manufactured goods from Asia’s top economy. “Other than that”, he said, “they’ve been wonderful, right?”

A surprisingly strong print on Friday would likely boostglobal financial markets, particularly commodities, which havealready been buoyed by China’s record imports of crude oil, ironore, copper and soybeans.

The question of Taiwan’s status has shot to the top of the global agenda since Trump broke with decades of precedent last month by taking a congratulatory telephone call from Tsai.

The stakes are high.

While urging the government to take preemptive measures as soon as possible, Lai also cautioned against President Tsai Ing-wen letting Taiwan become a “bargaining chip” as the US seeks to extract commercial benefits from China. -China Business Council. While the US continues to have a gaping goods-trade deficit with China, its exports of services to the country are growing rapidly.

China’s corporate debt has climbed to 169 percent of GDP andinternational institutions have repeatedly urged Beijing to actquickly to tackle the problem in order to avoid a financialcrisis.

Prospects of a suddenly stronger USA relationship began exciting the Taiwanese and worrying China after Taiwan President Tsai Ing-wen spoke by phone with Trump Dec. 2. Consumption contributed about two thirds of full-year growth, while net exports were a drag on the economy.

The economy grew 6.8pc in the last quarter of 2016, the first quarterly pickup since 2004, showing that the growth momentum is “quite solid”, said Mr Ding Shuang, head of Greater China Economic Research at Standard Chartered Bank. “Frictions between the United States and its allies, and trade tensions between the U.S. and China seem inevitable within the four years ahead”, it said.

China warned on state media it would not back down. The idea is to make China a more attractive destination for investments and talented workers before the feared Trump actions kick in. His choice for treasury secretary, Steven Mnuchin, agreed at his a Senate confirmation hearing that China has shifted recently from efforts to weaken the yuan.

Business executives seem sanguine, for now. Even more seriously, there could be a military confrontation if the delicate diplomatic foundation of U.S.

Still, Trump has proven anything but predictable.

The Chinese billionaire said he would do all he could to prevent trade relations between the countries from getting worse.

Sister paper the Global Times, an influential publication which often strikes a stridently nationalistic tone, noted that while Trump has said a lot about China, his actual policy has yet to take shape.

While the whole world braces itself for potential surprises to be displayed by the Trump administration, U.S. “It is, indeed, a decision that President Trump has to be extremely careful about”.