translated from Spanish: China says trade dialogue with US will be in October

BEIJING (AP) — China and U.S. envoys will hold a new round of talks in early October to try to end a tariff war that threatens global economic growth. The stock markets rose after Thursday’s announcement, but there is still no indication of progress since Presidents Donald Trump and Xi Jinping agreed in June to resume the stalled trade and technology negotiations.

Previously, a report on the problems of officials to agree on a timetable for contacts, originally scheduled for this month, had caused a stir among investors. HELP Us Click the Google News star and follow usThe date was decided during a phone call between the head of the Chinese delegation, Deputy Prime Minister Liu He, and U.S. Trade Representative Robert Lighthizer and Treasury Secretary, Steven Mnuchin, the Chinese Ministry of Commerce explained in a statement. Officials will “conduct meticulous consultations” in mid-September to prepare for the meeting, the ministry added. Although it did not provide further details, he noted that the two sides want to create “favourable conditions.” China’s main stock market index was up 1.6% at noon following the announcement. Tokyo’s Nikkei 225 won 2.3 percent and the South Korean benchmark rose 1%. Beijing is resisting pressure from the United States on its plans for the creation of state-sponsored companies that can compete in robotics and other industries worldwide. Washington, Europe, Japan and other its trading partners argue that these initiatives violate Beijing’s market-opening commitments and rely on theft or pressure on foreign firms to deliver their technology. The United States and China raised their tariffs on mutual imports valued at billions of dollars, altering trade in products from soybeans to medical equipment.

Original source in Spanish