China agrees to open market to US beef, gas

Chinese President Xi Jinping left smiles at U.S. President Donald Trump as they pose together with their wives for

Chinese President Xi Jinping left smiles at U.S. President Donald Trump as they pose together with their wives for

It remains unclear how far China will go to allow more American exports. The measures include the lifting of a 2003 ban on importing American beef linked to concerns about "mad cow" disease, and China being allowed to send cooked poultry to the US. Foreign-owned firms in China will also be able to provide credit rating services. The U.S. involvement in Xi's so-called "One Belt, One Road" program suggests that Trump is attempting to improve relations despite his anti-China rhetoric during the presidential campaign. His tough talk toward Beijing had fueled early fears of a trade war.

"Although the USA team is new, they've settled in quickly and (their) adaptability is very strong", Yu said. "You don't know from moment to moment how China is enforcing food-safety standards", Corbo says.

U.S. Commerce Secretary Wilbur Ross told the FOX Business Network's Neil Cavuto, the deal takes three "gigantic" steps to chip away at the nation's crippling trade deficit.

The Trump administration announced yesterday that following one more round of technical consultations between the United States and China, China is to allow imports of US beef. The negotiations that led to the new trade have been going back and forth for over a decade.

Under the agreement, the United States is inviting Chinese companies to import USA -produced liquefied natural gas.

The idea of the USA attending the belt and road summit came from the American side, finance vice-minister Zhu Guangyao said. "This is more than has been done in the whole history of US-China relations on trade".

The National Cattlemen's Beef Association (NCBA) said it was "impossible to overstate" how big an impact the "historic" reopening of China will have for beef producers.

The US and China also agreed to open up US exports of liquefied natural gas to China, which could be a boon for both countries.

Ducks look to rebound in Game vs Oilers
Getzlaf concurred with Carlyle's assessment of the difference in the game and was more specific about which facet proved decisive. Game one saw 6 goals scored in the third period alone as the Edmonton Oilers closed strong for the win 5-3 over the Ducks .

Commerce Secretary Wilbur Ross announced the US was green-lighting Chinese chicken imports on Thursday night.

The White House announced that it had agreed with China on increasing the access of American goods and services to the Chinese market, Interfax reports on Friday.

"China and the U.S. should cooperate in bilateral economic areas, but also step up policy coordination in the economy in a wider range of the world".

American enterprises like Visa and Mastercard will get access to the Chinese market and two banks will get bond underwriting licenses. Ricketts has visited China in each of the past two years to urge the Chinese government to reopen its market.

Settlement licenses: China will issue bond underwriting and settlement licenses to two qualified USA financial institutions.

But he said risks remained that Chinese regulators could drag out the licensing or approval process in newly opened sectors.

Ker Gibbs, the chairman of the American Chamber of Commerce in Shanghai, said the deal, while a good beginning, was not a breakthrough.

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