China urges students to weigh ‘risk’ of studying in US

China urges students to weigh ‘risk’ of studying in US

China urges students to weigh ‘risk’ of studying in US

Vice Commerce Minister Wang Shouwen, who led the working-level team in earlier negotiations, said on Sunday that the U.S. bears responsibility for the collapse of trade talks, and noted that any deal must include "balanced" language between the two countries, according to a Bloomberg report.

Chinese Vice Minister of Commerce Wang Shouwen speaks during a press conference about China-U.S.

Global Times reports that 'China on Sunday made clear that it would not give any ground on core issues of principle despite mounting pressure from United States bullying on trade and technology and that it will "fight to the end" if forced, as officials issued a key document that harshly criticizes the United States for repeatedly backtracking and jeopardising the trade talks'.

Washington later slapped additional tariffs of up to 25% on $200 billion of Chinese goods, prompting Beijing to retaliate.

China has also signalled it could play the rare earth card by curbing its exports to the U.S., whose manufacturing sector imports up to 80 per cent of its rare earth needs from its trade rival.

IEEE China said in a statement on its website it had chose to lift the restrictions after receiving further clarification from the U.S. Department of Commerce.

With talks stalled, the dispute appears to be spreading beyond tariffs.

"China will not bow under pressure and will rise to any challenge coming its way", the document read, "China is open to negotiation, but will also fight to the end, if needed".

Worldwide relations professor Shi Yinhong of Renmin University said the White Paper did not give further insights into why the talks stalled, but its release reflected the extent to which relations have taken a nosedive since.

China showed no signs of budging over the Trump administration's demands.

The paper says the US tariffs on Chinese goods hinder bilateral trade and investment cooperation, affecting the confidence of the two economies and even the global market. It said Beijing had kept its word through 11 rounds of trade negotiations and accused Washington of backtracking by introducing new tariffs and other conditions beyond what had been agreed to.

Along with a better-than-expected reading on the China Caixin Manufacturing PMI, which likely contributed to Monday's gain in the Yuan, the relatively optimistic tone in the conclusion of the US China trade war white paper could provide markets with hope that economic relations between the two countries will not deteriorate further.

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