Speaking weeks before a highly anticipated face-to-face meeting between US President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit in Argentina, Cui Tiankai said the US-China relationship, which will mark its 40th anniversary next January, "has made great strides, while also it has had its share of setbacks".
The Trump administration has already slapped tariffs on 250 billion dollars' worth of Chinese imports.
The study notes, "despite the fact that more than 70% of USA companies consider the suspension of investment in China and moving some or all production overseas, only half of Chinese companies support this approach", reports UKRINFORM.
China saw its currency reach its lowest point in a decade on Tuesday while the threat of new tariffs remains. Trump has also threatened to impose tariffs on the remaining goods imports from China, which past year were worth $505 billion. There have been no trade talks between the countries since August, when the US imposed the latest round of tariffs.
Wall Street took another hit Monday as investors unloaded tech stocks amid fresh worries about tariffs.
Satan-Worshiping Girls Planned To Kill Classmates, Drink Their Blood
They are both charged with conspiracy to commit murder and possession of a weapon on school property, among other charges. Detectives searching the girls' homes found a disturbing hand-drawn map including the phrase "go to kill bathroom".
ASIA'S DAY: Japan's Nikkei 225 index jumped 1.5 percent to 21,457.29 after official data showed that the unemployment rate eased to 2.3 percent in September, from 2.4 percent a month earlier. The Dow Jones Industrial Average tumbled 1 percent to 24,442.92 and the Nasdaq composite gave up 1.6 percent to 7,050.29. "A trade war with China was one of the bigger overhangs".
Marijuana producers pushed health care stocks higher by 1.4 per cent. Aphria Inc. rose 6.3 per cent, while Aurora Cannabis Inc. and Canopy Growth Corp. increased 2 per cent and 1.5 per cent, respectively. "We're in a trade dispute-I want to use that word because it's a nice, soft word-but we're going to win", Trump said at an event in Indiana Saturday.
If the discussions fail, the Trump administration will apply a new round of tariffs targeting the rest of the US' imports from China, worth roughly US$257bn, sources familiar with the matter told Bloomberg. The S&P 500 index swung by almost 4 percent from its high to the low in the trading session, with tech stocks and Boeing particularly hard hit. The euro rose to $1.1377 from $1.1372. Brent crude, used to price global oils, lost 19 cents to $77.18 per barrel.
ENERGY: Benchmark U.S. crude added 6 cents to $67.10 per barrel in electronic trading on the New York Mercantile Exchange.
All sectors on the TSX lost ground on Monday, led by cannabis-heavy health care which was down more than 10 per cent. Aphria Inc. closed down 17.35 per cent, Canopy Growth Corp.