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‘Suffering’ Market dodges recession in third quarter

FILE PHOTO: A construction worker is pictured at the construction site of their new terminal 3 of Frankfurt Airport in Frankfurt, Germany April 29, 2019. REUTERS/Ralph Orlowski November 14, 2019
From Rene Wagner and Michael Nienaber
BERLIN (Reuters) – The German market escaped a downturn in the next quarter as customers, state construction and spending drove a 0.1percent quarterly growth, defying expectations of another contraction in Europe’s largest market, preliminary data showed on Thursday.
On an yearly basis, gross domestic product expanded 0.5percent from July through September after a 0.3% growth from the previous three months, seasonally adjusted figures from the Federal Statistics Office showed.

“The German market got away with a black eye: the technical recession could be averted,” Deka bank analyst Andreas Scheuerle stated, but he added it was still too early to give the all-clear.
“Germany’s economy is suffering from enormous global political uncertainty. Germany’s flagship business, the automobile sector, isn’t running smoothly anymore,” he explained.
Germany’s producers, whose exports are a bedrock of the country’s financial advantage for decades, are fighting with weaker foreign demand, tariff disputes triggered by U.S. President Donald Trump’s’America First’ policies and company uncertainty linked to Britain’s decision to leave the European Union.
The automobile sector, a significant driver of overall development, is also having difficulty managing a shift toward electric automobiles away from combustion motors and adjusting to stricter regulation following an emission scandal.
“We don’t have a technical recession, but the increase numbers are still too feeble,” Economy Minister Peter Altmaier told ARD public television.
The Statistics Office said private households increased their spending from July through September while state spending and structure also supported expansion.
Exports edged up on the quarter while imports remained broadly flat, the office said, indicating that trade could have turned into a positive impulse on the market as well.
Alexander Krueger from Bankhaus Lampe explained that he expected growth rates that were meager in the coming quarters because the trade outlook remained marginal. “The economic downturn in China, the worldwide trade dispute and the Brexit chaos are pointing to a weaker economic downturn,” Krueger said.
The Statistics Office revised the quarterly GDP speed for the second quarter into a 0.2percent quarter-on-quarter contraction from a previously reported 0.1% decline.
However, it revised the development figures for the first quarter into a 0.5% growth from a 0.4% growth reported earlier.
Analysts polled by Reuters for its next quarter had expected a 0.1% regeneration quarter-on-quarter and a 0.5% growth year-on-year in seasonally adjusted terms.

(Reporting by Michael Nienaber, editing by Thomas Escritt and Toby Chopra)

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‘The Crown’ welcomes its royals in Season 3 Launching

Actor Gillian Anderson and writer Peter Morgan attend the world premiere of the third season of”The Crown” at London, Britain, November 13, 2019.
By Hanna Rantala
LONDON (Reuters) – Television fans welcomed a brand new queen on Wednesday as Olivia Colman and other celebrities of royal drama”The Crown” turned out to the world premiere of their Netflix show’s third season.
Colman, who won an Oscar earlier this year for playing a distinct royal in dark humor”The Favourite,” depicts Queen Elizabeth at a retelling of the life of Britain’s reigning monarch. Colman replaces Claire Foy, who won a Golden Globe for its role.

The show’s third season, arriving on Netflix on Sunday, picks up the narrative from the mid-1960s heading through to 1977, as heir to the throne Prince Charles (Josh O’Connor) comes old and Britain goes via a pop culture revolution led by The Beatles and The Rolling Stones.
Creator Peter Morgan has said the show, whose cost about $130 million to make, is based on known facts and imagined conversations.
Helena Bonham Carter, that takes on Elizabeth’s younger sister Princess Margaret, said she was a joy to perform with.
“The toughest thing about playing Margaret or anyone of their household is that finally so many men and women feel that they know . And everybody has an opinion,” Bonham Carter told Reuters Television on the red carpet.
“There were so many really close friends which were all too happy to speak about her and wanted to and loved her and also wanted to show the side that has been known about her – that she was funny, that she was filled with heat and that she was very multicolored,” the actress said.
Erin Doherty, who plays second-born child Princess Anne, said that working on the show had made her more sympathetic to the household.
“After performing this series, I feel like I understand them a whole lot more and that I really, really value them and that I have a great deal of compassion for them,” Doherty said.
Asked whether he believed the household watched the series, Tobias Menzies, who plays the queen’s husband Prince Philip in age, said he doubted it.
“It makes me somewhat nervous imagining them viewing it. I’d be amazed if they see it, but maybe they do…. My money is that they probably don’t,” he explained.

(Reporting from Reuters Television; editing by Richard Pullin)

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Hong Kong students hunker down amid Discussion of curfew to showdown

Anti-government demonstrators gather to protest in Central, Hong Kong, China November 14, 2019.
From Jessie Pang and Kate Lamb
HONG KONG (Reuters) – Hong Kong pro-democracy protesters paralyzed parts of the Chinese-ruled city for a fourth day on Thursday, forcing schools to close and blocking highways as students built barricades and stockpiled makeshift weapons, setting the stage for campus showdowns.
China’s Global Times tabloid, possessed by the state-run People’s Daily, the mouthpiece of the Communist Party, temporarily tweeted that the Hong Kong government was expected to announce a weekend curfew after some of the worst violence in years in the former British colony. It deleted the tweet afterward without an explanation.

Countless students hunkered down inside campuses, surrounded by piles of food, bricks, gas bombs, arrows with heads.

“I am not prepared to shoot the arrows unless there’s no other resort,” pupil Cheung, 18, told Reuters. “I am also new in learning how to use arrows. I believe arrows can not really hit them (police) but if the police fire live rounds, we’ll die.”
Police said one arrow had been fired from Hong Kong Polytechnic University.
“Such an action could be deadly,” they said in a statement. “When more officers came to their help, rioters still threw flower pots from heights, endangering public security.”
The Global Times’ statement that was shortlived cited sources. It did not elaborate but online rumors have swirled along those lines.
Hundreds of protesters inhabited streets home to some of the world’s most expensive real estate.
Many were dressed in office attire and wore the now-banned face masks as they marched down.
Hundreds of protesters put up barricades near a popular shopping mall in Hong Kong island’s eastern part, dragging orange gates and traffic cones to block streets.
Some held up signs reading”Liberate Hong Kong, revolution of our time” and”Stand with Hong Kong”, slogans which have become rallying calls for the protest movement.
Throughout the harbor, university students and black-clad protesters claimed their blockades of major streets, including the entrance to the Tunnel that connects a street between the rural New Territories and Kowloon, and Hong Kong island into the Kowloon area.
Police fired tear gas near the tunnel to try to clear the protesters. Roads were strewn resulting in widespread traffic jams.
Dozens of riot police gathered outside several universities as students fortified their positions.
Close to the entrance of the Cross Harbour tunnel, In the Polytechnic University, hundreds of students wearing gas masks readied for confrontation.
Boxes of gas bombs were set at vantage points overlooking streets, for example, tunnel, that has been blocked because Wednesday.
Students poured liters of oil throughout the floor in an effort to thwart police should they try to enter.
Violence has escalated in recent days, with police shooting and wounding one protester at close range and one man called a”rioter” dousing a guy with gas before setting him on fire.
Was in stable condition in hospital. The guy who had been lit on fire has been in critical condition, and suffered burns to his chest and head.

GROWING ANGER
The demonstrations were initially resisted by what many residents see as the stifling by Beijing of liberty guaranteed under the”one country, two systems” formula put in place when the former British colony returned to Chinese rule in 1997.
About what many view as police brutality since the protests intensified, anger climbed.
For stirring up trouble, china contains blamed Western countries, such as the United States and Britain and denies interfering. Police refuse using excess force.
Police said on Wednesday violence had reached a”very dangerous and even deadly level” On Tuesdaythey said Hong Kong was in the”verge of complete breakdown”.
Authorities said 64 people were injured during the clashes, which left two guys in critical condition of Wednesday. There were no additional information about their harms.

Hong Kong leader Carrie Lam and officers met with media reported, amid speculation of emergency measures to manage the crisis.
“Over the last five decades we’ve learned about the doctrine of peaceful protests,” stated a soft-spoken student at Polytechnic University, that gave only the first initial of his name, C, referring to the 79 days of pro-democracy sit-ins in 2014.
“We’ve noticed that peaceful protests do not work with a government that won’t listen to its own people,” he added.
The town’s Education Bureau announced that schools would be shut down through the week.
Universities also announced although several shopping malls closed on Thursday there would be no courses on campuses for the remainder of the year.

Editing by Gerry Doyle)

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‘Suffering’ economy dodges recession in third quarter

FILE PHOTO: A construction worker is pictured in the construction site of their new terminal 3 of Frankfurt Airport in Frankfurt, Germany April 29, 2019. REUTERS/Ralph Orlowski November 14, 2019
By Rene Wagner and Michael Nienaber
BERLIN (Reuters) – The German market escaped a recession in the next quarter as consumers, state construction and spending drove a 0.1percent quarterly expansion, defying expectations of another contraction in Europe’s biggest market, preliminary data showed on Thursday.
On an yearly basis, gross domestic product expanded 0.5percent from July through September following a 0.3% expansion from the previous three months, seasonally adjusted figures from the Federal Statistics Office showed.

“The German market got away with a black eye: the technical recession could be avoided,” Deka bank analyst Andreas Scheuerle stated, however, he added it was still too early to provide the all-clear.
“Germany’s economy is experiencing enormous global political uncertainty. Germany’s flagship industry, the auto sector, isn’t running smoothly anymore,” he explained.
Germany’s producers, whose exports have been a bedrock of the country’s economic strength for decades, are fighting with weaker foreign demand, tariff disputes triggered by U.S. President Donald Trump’s’America First’ policies and company uncertainty connected to Britain’s determination to leave the European Union.
A significant driver of overall development, the auto sector, is also having trouble managing a broader shift toward electric cars away from combustion engines and adjusting to regulation after an emission cheating scandal.
“We don’t have a technical recession, but the growth numbers are still too feeble,” Economy Minister Peter Altmaier informed ARD public television.
The Statistics Office said households increased their spending from July while state spending and construction also affirmed overall growth.
While imports remained broadly flat exports edged up on the quarter, the office said, indicating that trade could have been a positive impulse on the market as well.
Alexander Krueger from Bankhaus Lampe explained that he expected growth rates that were meager in the coming quarters because the trade outlook remained marginal. “The economic slowdown in China, the global trade dispute and the Brexit chaos are all pointing to a weaker economic downturn,” Krueger said.
The Statistics Office revised the quarterly GDP rate for the second quarter to a 0.2percent quarter-on-quarter contraction from a previously reported 0.1% decrease.
But it revised up the development figures for the first quarter to a 0.5% expansion from a 0.4% growth reported before.
Analysts polled by Reuters for its next quarter had expected a 0.1% contraction quarter-on-quarter along with a 0.5% expansion year-on-year in seasonally adjusted terms.

(Reporting by Michael Nienaber, editing by Thomas Escritt and Toby Chopra)

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China holds in-depth talks with U.S. on Stage among Commerce deal

FILE PHOTO: Chinese and U.S. flags flutter close to the Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song November 14, 2019
BEIJING (Reuters) – China and the United States are holding in-depth discussions on a”stage one” trade agreement, also cancelling tariffs is an important condition to reach such a deal, the Chinese commerce ministry said on Thursday.
Tariff cancellation’s amount should fully clarify the importance of a stage one agreement, ministry spokesman Gao Feng told a regular briefing.
On Tuesday, U.S. President Donald Trump said a trade deal with China had been”near,” but offered no specifics and cautioned that he would increase tariffs”considerably” on Chinese goods without this type of deal.

Trump’s threat was a reference previously announced tariffs of 15 percent on approximately $156 billion of Chinese consumer goods set to take effect on Dec. 15, according to trade experts and a source close to the White House.
Those tariffs would hit on computer monitors video game consoles, Christmas decorations and things given as gifts throughout the festive period.
Last week, White House advisers said the Dec. 15 tariffs would most likely be avoided if a stage one transaction deal was reached.
Highlighting the volatile state of play in the long trade war, officials of both sides had said they had a deal.
Trump has used tariffs as his principal weapon on billions of dollars of Chinese goods in the trade war, which is aimed at forcing major changes in China’s trade and industrial policies.
The United States is demanding that China finish the theft and forced transfer of American intellectual property and suppress subsidies to state-owned businesses, while granting U.S. companies more access to China’s markets.
Trump also wants China to vastly increase its purchases of U.S. farm products.
When Beijing backed away, prompting Trump embark on fresh rounds of punitive obligations and to increase tariff rates, the United States and china were on the edge of a deal in May.
Whether an interim deal is finished and signed, it is widely expected to incorporate a U.S. pledge to scrap tariffs scheduled for Dec. 15.
However, China was also seeking cancellation of additional U.S. tariffs set up since July 2018.
Gao said last week that both nations must cancel some tariffs on the merchandise of each other.

(Reporting from Gabriel Crossley; Composing by Stella Qiu and Ryan Woo; Editing by Clarence Fernandez)

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Pidgin perfect: Slang spreads message for Nigeria’s’opera queen’

FILE PHOTO: Nigerian-born opera singer Helen Epega performs on stage in the MUSON Centre in Lagos, Nigeria November 8, 2019.

From Nneka Chile
LAGOS (Reuters) – Dressed in a bright red and blue robe and backed by a local ring with an eclectic array of instruments, Helen Epega beats a steel drum as she declaims radically into an unseen audience.
The opera she wrote and is acting in a Lagos theater is an odd, eclectic mix of native and classical music – but what makes it unique is that she is currently singing in pidgin.

By composing it in West Africa’s lingua franca – a blend of English and native languages – as widely as you can she expects to spread its message.
“I simply was not able to communicate with people the way I wanted to, and being in Lagos you hear so many different languages and so many different tribes,” Epega told Reuters TV.
“However, the one most of us speak is pidgin…. I think more people are going to have the ability to understand the opera and feel less intimidated. . .because I think opera is for everyone.”
Before returning home in 18, nigerian-born Epega, 38, spent most of her formative years in Britain.
Her’Song Queen: A Pidgin Opera’ – for which she cites Katie Bush and Fela Kuti as influences – debuted at 2015 in London’s Royal Opera House, where she added elements of Cockney slang to the libretto.
The year, it transferred to Cape Town and now it is being performed by her .
It tells of a couple of singers that are ethereal who attempt to keep peace and balance in the world’s realms throughout their songs.
“I wish to create an identity through art that inspires pride…,” she explained. “I truly do think that music can finish all wars.”

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‘The Crown’ welcomes its royals in Season 3 launch

REUTERS/Peter Nicholls November 14, 2019
From Hanna Rantala
LONDON (Reuters) – Television lovers welcomed a brand new queen Wednesday as Olivia Colman and other celebrities of royal drama”The Crown” turned out to the world premiere of the Netflix show’s third season.
Colman, who won an Oscar earlier this year for playing a different royal in dark humor”The Favourite,” depicts Queen Elizabeth at a retelling of the life of Britain’s reigning monarch. Claire Foy, who won a Golden Globe for the role is replaced by colman.

The show’s third season, arriving on Netflix on Sunday, picks up the story in the mid-1960s going through to 1977, as heir to the throne Prince Charles (Josh O’Connor) comes of age and Britain goes through a pop culture revolution led by The Beatles and The Rolling Stones.
Creator Peter Morgan has said the series, whose first two seasons cost about $130 million to make, is based on facts that were known and envisioned conversations.
Helena Bonham Carter, who takes on the younger sister Princess Margaret of Elizabeth, said she was a joy with.
“The hardest thing about playing Margaret or anybody of the household is that finally so many people believe that they understand .
“There were so many very close friends which were all too happy to talk about her and wished to and really loved her and also wanted to show that the side which was known about her – that she was amusing, that she was filled with warmth and also that she was very multicolored,” the actress said.
Erin Doherty, who plays second-born child Princess Anne, said that working on the series had made her more sympathetic to the household.
“After doing this show, I feel like I understand them a lot more and that I really, really value them and that I have a great deal of empathy for them,” Doherty said.
Asked whether he believed the household watched the show, Tobias Menzies, who plays the queen’s husband Prince Philip in age, said he doubted it.
“It leaves me somewhat nervous imagining them viewing it. I would be amazed if they watch it, but perhaps they do…. My money is they probably don’t,” he explained.

(Reporting by Reuters Television; Tracking by Richard Pullin)

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Hong Kong students hunker down amid talk of curfew to showdown

REUTERS/Athit Perawongmetha November 14, 2019
By Kate Lamb and Jessie Pang

China’s Global Times tabloid, possessed by the state-run People’s Daily, the Communist Party’s mouthpiece , temporarily tweeted that the Hong Kong government was expected to announce a weekend curfew. It deleted with no explanation.

Countless students hunkered down within many campuses, surrounded by heaps of food, bricks, petrol bombs, arrows with heads wrapped in cladding, catapults and other homemade weapons.
Protesters have torched vehicles and buildings, hurled petrol bombs at police stations and trains, dropped debris from bridges to traffic below, and vandalized shopping malls and campuses, increasing questions regarding how and when more than five months of unrest could be brought to an end.
“I am not ready to fire the arrows unless there is no other hotel,” student Cheung, 18, told Reuters. “I am also new in figuring out how to use arrows. I believe arrows can’t really hit on them (police) but in the event the police fire live rounds, we will die.”
Police said one arrow had been fired from Hong Kong Polytechnic University early in the morning.
“Such an action could be deadly,” they said in a statement. “When more officers came to their aid, rioters still threw flower pots from peaks, endangering public safety.”
The Global Times’ announcement that was shortlived cited sources. It didn’t elaborate but, but rumors have swirled along those lines.
Roads were occupied by hundreds of protesters in the Central business district, home to some of the world’s most expensive real estate, during their lunch hour.
Many were dressed in office attire and wore the face masks as they marched down a major thoroughfare that connects glittering skyscrapers and luxury shopping malls.
Hundreds of protesters set up barricades near a popular shopping mall in Hong Kong island’s eastern part, dragging traffic cones and orange gates to block roads.

Across the harbor, college students and black-clad protesters claimed their blockades of roads, including the entry to the Cross-Harbour Tunnel that links Hong Kong island to the Kowloon area, and a highway between the rural New Territories and Kowloon.
Police fired tear gas close to the tube to try to clean the protesters. Roads were strewn resulting in traffic jams that were widespread.
Dozens of riot police assembled out universities as students fortified their positions.
At the Polytechnic University, close to the Kowloon entry of the Cross Harbour tunnel, countless students wearing gas masks readied for confrontation.
Boxes of bombs were set overlooking roads, for example, tunnel, that has been blocked since Wednesday evening.
Pupils poured gallons of cooking oil throughout the ground in an attempt.
Violence has escalated in recent times, with police shooting and wounding one protester at close range and a single man described as a”rioter” dousing a man with petrol before setting him on fire.
Was in stable condition in hospital. The man who had been lit on fire has been in critical illness, and suffered burns to his chest and head.

GROWING ANGER

About what many see as police brutality as the protests intensified, anger climbed.
China has blamed nations, such as Britain and the USA and denies interfering, for stirring up trouble. Police deny using force.
Police said on Wednesday violence had reached a”very dangerous and deadly level” On Tuesday, they said Hong Kong was in the”brink of complete breakdown”.
Authorities said 64 people were injured during Wednesday’s clashes, which left two men. There were no further details about their harms.
Police said a man had died after falling from a height on Wednesday but gave no further details.
Hong Kong leader Carrie Lam and officers met media reported, amid speculation of emergency measures to deal.
“Within the last five decades we’ve learned about the doctrine of peaceful protests,” said a in-state student at Polytechnic University, that gave just the first initial of his name, C, speaking to the 79 times of pro-democracy sit-ins in 2014.
“We’ve noticed that peaceful protests do not work with a government that will not obey its people,” he added.
The city’s Education Bureau declared that all schools would be closed down through the week due to safety concerns, which generally occurs during typhoons.
Several universities also declared while shopping malls closed on Thursday there would be no classes on campuses for the remainder of the year.

Editing by Gerry Doyle)

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‘Suffering’ Market dodges Downturn in quarter

FILE PHOTO: A construction worker is envisioned in the construction site of their new terminal 3 of Frankfurt Airport in Frankfurt, Germany April 29, 2019.
From Michael Nienaber and Rene Wagner
BERLIN (Reuters) – The German economy escaped a downturn in the third quarter as consumers, state spending and construction drove a 0.1% quarterly growth, defying expectations of a different contraction in Europe’s largest economy, preliminary data showed on Thursday.
On an yearly basis, gross domestic product expanded 0.5% from July through September after a 0.3% growth in the previous three months, seasonally adjusted figures from the Federal Statistics Office revealed.

“The German economy got away with a black eye: the technical recession could be avoided,” Deka bank analyst Andreas Scheuerle stated, but he added it was too early to provide the all-clear.
“Germany’s economy is experiencing enormous global political uncertainty. Germany’s flagship industry, the automobile sector, is not running smoothly anymore,” he explained.
Germany’s manufacturers, whose exports have been a bedrock of the nation’s financial advantage for years, are fighting with weaker foreign demand, tariff disputes sparked by U.S. President Donald Trump’s’America First’ policies and company uncertainty connected to Britain’s determination to leave the European Union.
An important driver of growth, the automobile sector, is having trouble adjusting to regulation after an emission cheating scandal and handling a shift toward electric automobiles away from combustion motors.
“We don’t have a technical recession, but the growth amounts are still too weak,” Economy Minister Peter Altmaier informed ARD public television.
The Statistics Office said while structure and state spending also supported expansion their spending increased from July.
While imports remained broadly flat, exports edged up on the quarter, the office said, indicating that net trade could have been a positive impulse on the economy too.
Alexander Krueger from Bankhaus Lampe explained that he expected growth rates that were meager as the trade prognosis remained marginal. “The economic slowdown in China, the worldwide trade dispute and the Brexit chaos are all pointing to a poorer economic downturn,” Krueger said.
The Statistics Office revised the quarterly GDP rate for the second quarter into a 0.2% quarter-on-quarter contraction by a previously reported 0.1% decrease.
However, it revised up the growth figures for the first quarter into a 0.5% growth in the 0.4% increase reported earlier.
Analysts polled by Reuters for its third quarter had expected a 0.1% regeneration quarter-on-quarter and a 0.5% growth year-on-year in seasonally adjusted terms.

(Reporting by Michael Nienaber, editing by Thomas Escritt and Toby Chopra)

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China holds in-depth Discussions with U.S. on Stage among trade deal

FILE PHOTO: Chinese and U.S. flags flutter close to the Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song
BEIJING (Reuters) – China and the USA are holding in-depth negotiations on a”phase one” trade agreement, also cancelling tariffs is an important requirement to reach such a deal, the Chinese commerce ministry said Thursday.
Tariff cancellation’s amount should reflect the importance of a phase one agreement, ministry spokesman Gao Feng told a briefing.
On Tuesday, U.S. President Donald Trump said a trade deal with China was”close,” but provided no details and warned that he would increase tariffs”substantially” on Chinese products with such a bargain.

Trump’s hazard was a reference previously announced tariffs of 15% on about $156 billion of Chinese consumer products set to take effect on Dec. 15, according to trade experts and also a source near the White House.
Those tariffs would hit Christmas decorations, computer monitors, video game consoles and things given as gifts during the festive period.
Last week, White House advisers said the Dec. 15 tariffs would probably be averted if a phase one transaction deal was reached.
Highlighting the state of play at the 16-month trade war that was long, officials of both sides had said they had a deal last week.
Trump has employed tariffs on billions of dollars of Chinese products as his principal weapon at the trade war, which is aimed at forcing changes in China’s trade and industrial policies.
America is demanding that China finish the theft and forced move of American intellectual property and also suppress subsidies to state-owned businesses, while enabling U.S. companies more access to China’s markets.
Trump also needs China to vastly increase its purchases of U.S. farm solutions.
China and the United States were on the brink of a bargain in May if Beijing backed away, prompting Trump to increase tariff rates and embark on new rounds of punitive obligations.
Whether an interim deal is completed and signed, it is widely expected to incorporate a U.S. pledge to scrap tariffs scheduled for Dec. 15.
But China was also seeking cancellation of additional U.S. tariffs set up as July 2018.
Gao said that both nations must cancel some tariffs on the goods to strike at a phase one pact of each other.

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