China hopes for positive results from US talks at G20 -
China hopes for positive results from US talks at G20
Posted 29 Nov 2018 03:32 PM

China is hoping for "positive results" at a G20 summit in Argentina, the commerce ministry said on Thursday, ahead of a closely watched meeting between Chinese and U.S. leaders.

U.S. President Donald Trump and Chinese President Xi Jinping are due to hold trade talks on the sidelines of the G20 summit in Buenos Aires this weekend.

The United States has levied additional duties of between 10 percent and 25 percent on $250 billion of Chinese goods this year as punishment for what it calls the country's unfair trade practices, with the 10 percent tariffs set to rise to 25 percent next year.
Earlier, China's stock markets fell on Thursday as fragile investor sentiment shattered earlier gains, and as trading volumes remained lighter than average ahead of a widely anticipated meeting between the U.S. and Chinese presidents this weekend.

Asian stocks rose on Thursday, tracking gains on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets.

Spreadbetters expected European stocks to open higher, with Britain's FTSE rising 0.5 percent, Germany's DAX adding 0.6 percent and France's CAC gaining 0.65 percent.

The dollar and U.S. Treasury yields fell after Jerome Powell said on Wednesday that U.S. policy rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.

Meanwhile, Russian President Vladimir Putin and U.S. President Donald Trump are scheduled to meet for talks at 1430 GMT on Dec. 1 on the sidelines of the G20 in Argentina, a Kremlin document seen by Reuters on Thursday showed. A Kremlin aide said on Wednesday that the two leaders would look for ways to break out of a deadlock in relations when they meet for talks that will touch on strategic stability, Syria, Iran and North Korea.

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