Trial now
EGB OPTIONS

Schatz call fly buyer

US EURODLR OPTIONS

Implied Vol Under Pressure

US EURODLR OPTIONS

Bearish 1- and 3Y Midcurve Plays

EURIBOR OPTIONS

Outright put buyer

     BEIJING (MNI) - China's Ministry of Commerce on Thursday displayed an
unwillingness to bow to pressure from the Donald Trump administration on the two
countries' trade conflicts, clouding the outlook for progress from a
presidential summit later this month. 
     MNI lists highlights from the ministry's weekly press briefing:
     -China "absolutely can't accept" U.S. charges that it hasn't fundamentally
changed its practices in technology transfer and intellectual property
protection, made in a report by the Office of the U.S. Trade Representative
earlier this week. Such "update" on China's trade practices "disregarded truth
and was based on hearsay evidence," said spokesman Gao Feng.
     -Gao criticized the U.S. 301 investigation, calling U.S. "unilateral and
protectionist" measures place its law above international rules and damage the
WTO's multilateral trade system. He urged the U.S. to stop words and actions
that damage bilateral economic and trade relations.
     -China will watch closely the U.S. tightening controls on hi-tech exports
to China and take necessary measures accordingly. Gao urged the U.S. to take
"constructive measures" to truly improve trade environment and reduce
imbalances.
     -"It's regrettable" that some member tried to impose its version of a
statement prioritizing its own interest onto others, which were rebuffed by many
APEC members especially developing countries, Gao said in response to a
questions why no communique was reached at the last meeting.
     -The working teams of China and the U.S. have been in close contact to
facilitate the consensus reached by presidents of the two countries in their Nov
1 phone call, Gao said.
     -The ministry also expressed willingness to facilitate an free-trade
agreement with Canada, which said the amended NAFTA agreement with the U.S.
can't stop it from having an FTA with China. China will also accelerate FTA
negotiations with Peru.
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$,MGQ$$$]