Trump warns Canada over China deal
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China, Xi Jinping
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The world's second-largest economy is sticking to its calls for global cooperation, which didn't stand out as much as other high-profile speeches at Davos.
The Shanghai exchange unveiled an internationalisation plan last May, which included a proposal to allow overseas investors to post foreign exchange as collateral for yuan-denominated trades
As US President Donald Trump primed his arrival in Davos by sowing discord with allies – ramping up threats to take control of Greenland, vowing to levy tariffs on opponents of that bid, and leaking private messages from European leaders – Beijing took the cue to position itself as an alternative global leader.
China responded by imposing duties of 100% on Canadian canola oil and meal and 25% on pork and seafood. It added a 75.8% tariff on canola seeds last August. Collectively, the import taxes effectively closed the Chinese market to Canadian canola exports, an industry group said.
When it comes to claiming that Venezuelan oil is now under his control, President Donald Trump is mincing no words. After all, Trump is expected to visit Beijing in April as part of an effort to protect the fragile trade truce he reached with Chinese President Xi Jinping late last year.
Robin Li spoke to TIME about the AI ambitions of Baidu and China.
Air China launches inaugural Beijing-Abu Dhabi nonstop with Boeing 787, marking first direct service between capitals by a Chinese airline