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Business & Economy

China opens more sectors to foreign investment with new negative lists

BEIJING, June 30 (Xinhua) -- China on Sunday rolled out revised negative lists for foreign investment market access, introducing greater opening-up and allowing foreign investors to run majority-share-controlling or wholly-owned businesses in more sectors.

With the approval of the Communist Party of China Central Committee and the State Council, the National Development and Reform Commission and the Ministry of Commerce released two negative lists of 2019.

Cease-fire in US-China trade war doesn’t bridge differences

WASHINGTON (AP) — Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world’s two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy.

But when U.S. and Chinese negotiators sit down to work out details, the same difficult task remains: getting China to convince the United States that it will curb its aggressive push to challenge American technological dominance — and then to live up to its promises.

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Portuguese / Spanish / English Iran says progress at nuclear deal talks not enough to change course

29 June 2019; MEMO: Progress was made at talks on Friday aimed at saving the Iran nuclear deal but probably not enough to convince the Islamic Republic to change its decision to go over the deal’s core atomic restrictions one by one, Iran’s envoy to the talks said, Reuters reported.

Iran’s Deputy Foreign Minister Abbas Araqchi was speaking after almost four hours of talks with senior diplomats from Britain, China, France, Germany and Russia.

Israel allows fuel to enter Gaza after 3-day hiatus

29 June 2019; MEMO: Israel has resumed allowing fuel entries into the blockaded Gaza Strip following a three-day hiatus, according to a Palestinian official, Anadolu Agency reports.

“The resumption of fuel supplies to [Gaza’s only] power plant enabled us to run another generator,” Mohammad Thabet, spokesman for Gaza’s electricity company, told Anadolu Agency.”This will add another 25 megawatts to the plant’s daily production,” he added.

Donald Trump asks Kim Jong Un to meet him at the DMZ

29 June 2019; DW: Months after talks with Pyongyang broke down, Donald Trump said he would like to visit the demilitarized zone and "shake hands" with the North Korean leader. North Korea said the meeting would be "meaningful."

US President Donald Trump said on Saturday that he would be willing to meet with Kimg Jong Un in the demilitarized zone (DMZ) with South Korea. He made the comments from the G20 summit in Osaka, Japan.

G20 summit: World leaders, except US, agree on climate deal

29 June 2019; DW: Leaders have agreed on a climate deal similar to the one struck in Argentina in 2018. The US has again refused to commit to tackling climate change.

German Chancellor Angela Merkel on Saturday said world leaders at the G20 summit would sign a climate change deal similar to that signed in Argentina last year.

"We will have a similar text to Argentina. A 19+1 declaration," Merkel told reporters on the sidelines of a G20 meeting in Osaka.

EU mechanism for trade with Iran 'now operational'

29 June 2019; DW: The European Union announced that its INSTEX mechanism to facilitate trade with Iran was up and running on Friday.

"France, Germany, and the United Kingdom informed participants that INSTEX had been made operational and available to all EU member states, and that the first transactions are being processed," said an EU statement.

Trump open to 'historic' trade deal with China

29 June 2019; DW: Chinese President Xi Jinping and US President Donald Trump on Saturday agreed to resume trade talks, following a high-stakes meeting on the sidelines of the G20 summit in the western Japanese city of Osaka.

US President Donald Trump said his meeting with Xi was "excellent" and that "we're right back on track," adding that the US was "going to work with China where we left off."

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