. Earth Science News .
TRADE WARS
China downplays failure to reach APEC joint statement
by Staff Writers
Beijing (AFP) Nov 19, 2018

Beijing on Monday downplayed the unprecedented fallout from this year's APEC summit, which for the first time ever failed to issue a joint statement after US-China trade tensions boiled over.

Clashes between the world's top two economies over the rules of global trade blocked agreement on a formal written declaration by the 21 nations represented at the Port Moresby meeting.

Washington had pressed for leaders to issue what amounted to a denunciation of the World Trade Organization and a call for its wholesale reform -- a step too far for Beijing, which would likely suffer in the event of any change to trade rules.

But China on Monday chose instead to focus on the "positive results" of the summit.

"The meeting pushed forward different areas of practical cooperation under the APEC framework," Chinese foreign ministry spokesman Geng Shuang told a regular press briefing, adding that many APEC leaders "clearly expressed that they were against protectionism".

"I think they are standing on the right side of history," he added.

Beijing also denied attempting to barge into the office of host country Papua New Guinea's foreign minister during the summit.

Police were stationed outside of foreign minister Rimbink Pato's office after Chinese delegates tried to enter the office in a last-minute bid to influence the summit's draft statement, according to several sources.

"This is purely a rumour from someone with ulterior motives," said Geng.

"Any plot to undermine China-Papua New Guinea relations will not succeed."

The spat ramps up the stakes for a crunch meeting between US President Donald Trump and his Chinese counterpart Xi Jinping at a G20 summit in Argentina later this month.

In a speech at the APEC summit, Xi lashed out at "America First" trade protectionism, while US Vice President Mike Pence warned smaller countries not to be seduced by China's massive Belt and Road infrastructure programme.

The "opaque" loans come with strings attached and build up "staggering debt", Pence charged, mocking the initiative as a "constricting belt" and a "one-way road".


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Protectionism 'doomed to failure': China's Xi says in swipe at US
Port Moresby (AFP) Nov 17, 2018
Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage. In a major speech, Xi also stressed that there would be no winners from a trade war or a new cold war amid increasing rivalry between the world's top two economies. "Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Seven detained over east China chemical spill

Mattis visits troops stationed in Texas assisting with border security

Mattis to travel to Mexican border, Wyoming on Wednesday

Chemical spill leaves 52 ill in east China

TRADE WARS
Electronic skin points the way north

A new lead on a 50-year-old radiation damage mystery

Treated superalloys demonstrate unprecedented heat resistance

UTA researchers find cheaper, less energy-intensive way to purify ethylene

TRADE WARS
Coup-plagued Fiji goes to the polls

Scientists theorize new origin story for Earth's water

Marshall Islands leader survives no-confidence motion

Shrinking Sea of Galilee has some hoping for a miracle

TRADE WARS
Operation IceBridge flies over Iceberg B-46

Business as usual for Antarctic krill despite ocean acidification

ESA's gravity-mapper reveals relics of ancient continents under Antarctic ice

Modest warming risks 'irreversible' ice sheet loss, study warns

TRADE WARS
Wolves at the door, Alpine shepherd can't imagine any other life

Scientists debunk potential link to crop cold tolerance

'Scaring' soybeans into defensive mode yields better plants a generation later

The dawn of a new era for genebanks

TRADE WARS
Death toll from Jordan floods rises to 13 as girl's body found

Qatar again hit by heavy rainfall

Floods in Jordan kill 12, force tourists to flee Petra

Philippines marks five years since its deadliest storm

TRADE WARS
S.Africa coding clubs plug township youth into future

Comoros displays captured 'rebel' arsenal

Three Nigerian soldiers in Boko Haram attack on military base

Two thirds of African cities face 'extreme climate risk'

TRADE WARS
Climate change likely caused migration, demise of ancient Indus Valley civilization

Experts find that stone tools connected communities

Archaeologists can determine a person's sex by analyzing a single tooth

Pressure on girls for perfect body 'worse than ever', says Orbach









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.