Mr. Trump agreed in Buenos Aires to defer plans to raise tariffs on $200 billion a year in Chinese goods on Jan. 1.
China’s leaders are coincidentally preparing to observe this month the 40th anniversary of the country’s post-Mao economic overhaul by calling for a series of moves to open up the economy to more trade and foreign investment, people familiar with Chinese economic policymaking said.
The anniversary, heavily promoted in official propaganda and the subject of Sunday’s conference at Tsinghua University, offers Mr. Xi a chance to take market-opening measures sought by the United States without seeming to give in to American pressure.
The final list of moves is still the subject of considerable discussion within the Chinese bureaucracy. But some options under serious consideration include further reducing tariffs on imports from all over the world and encouraging broader foreign investment in the slowing Chinese economy.
China made some moves in these directions this year, however, and it is unclear how much further the Beijing leadership is willing to go. By Beijing’s calculation, China’s average tariffs have already fallen to 7.5 percent from 9.8 percent at the start of this year. By comparison, average tariffs in the United States are 3.5 percent, while the European Union’s are 5 percent.
Ms. Meng’s detention has considerably complicated China’s economic relations with the United States. It has ignited anger and astonishment in China, where Huawei, one of the country’s largest and most internationally successful private companies, is a source of national pride.
On Saturday, China’s vice foreign minister, Le Yucheng, summoned the Canadian ambassador to Beijing, John McCallum, to register his protest, according to Xinhua, the state-run news agency. The Canadian Embassy declined to comment on Sunday.
Source Article from https://www.nytimes.com/2018/12/09/technology/canada-china-huawei-meng-wanzhou.html
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