Trade negotiators from the United States and China before the start of talks at the Xijiao Conference Centre in Shanghai on Wednesday, July 31, 2019. Photo: AP

China keeps door open to September talks in Washington, despite trade war escalation

  • Wei Jianguo, a former vice-minister of commerce, says the meeting is likely to happen as planned
  • Source briefed by the US government said video conferences are planned to lay the groundwork for the next round of face-to-face talks
Topic |   US-China trade war

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Trade negotiators from the United States and China before the start of talks at the Xijiao Conference Centre in Shanghai on Wednesday, July 31, 2019. Photo: AP
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US stocks plunged on Monday as investors worry that US President Donald Trump's threatened new tariffs on Chinese imports will worsen trade prospects. Photo: Xinhua

Global financial crisis, recession risks raised as US-China trade war tensions escalate over currency row

  • Former US Treasury Secretary Lawrence Summers says world at the ‘most dangerous financial moment’ since the 2009 global economy meltdown
  • Washington labelled China a ‘currency manipulator’ after the yuan exchange rate dropped to its lowest rate for 11 years on Monday
Topic |   Currency war

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US stocks plunged on Monday as investors worry that US President Donald Trump's threatened new tariffs on Chinese imports will worsen trade prospects. Photo: Xinhua
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