China urges ‘calm and rational’ resolution to trade war as casualties rise

Chinese Commerce Minister Zhong Shan arrives for a press conference on the sidelines of the upcoming 70th anniversary of the Founding of the People's

"Engaging in extreme pressure and even attempting to "decoupling" [sic] the Sino-US economy will inevitably harm the interests of Chinese and American companies and the public, trigger financial market turmoil, and endanger worldwide trade and the growth of the world economy", Geng said.

Stock markets slid after Bloomberg News reported last week that USA officials were considering restricting investment ties with China.

Oil prices slipped as the trade war continued to weigh on the growth outlook for China, the world's largest crude importer.

They say a tentative deal could be reached by the end of this year, given that President Donald Trump's administration would strive to avoid the United States economy falling into a recession in an election year.

"That story, which appeared in Bloomberg: I've read it far more carefully than it was written", Navarro informed CNBC.

Shares of USA -listed Chinese language shares reversed route on Monday after a pointy fall on the delisting reviews.

Also on Monday, e-learning firm Youdao Inc became the latest Chinese company to file for an initial public offering in the United States.

Ecmoho is planning to start pre-marketing next week, IFR reported, citing people familiar with the matter.

At Least 20 People Injured After Bridge Collapses in Taiwan
Six people, all foreigners, were missing and believed trapped on one of the fishing boats, the National Fire Agency said. At least 12 people were injured, the Yilan County Fire Bureau said, with rescue operations continuing in the evening.

The Chinese government unveiled a series of new weapons at a military parade Tuesday; marking the 70 anniversary of their communist regime with a new missile that could strike the United States in 30 minutes.

"This does not accord with the interests of the worldwide community". "We hope the United States will meet us halfway to work out a resolution in a constructive manner".

"This is better than what the market was expecting", said Alessia Berardi, senior economist at Amundi, adding that markets were downplaying the likelihood of a major escalation in the trade war by Washington. They have levied punitive duties on hundreds of billions of dollars of each other's goods, roiling financial markets and threatening global growth.

Chinese authorities have always been reluctant to let overseas regulators inspect local accounting firms - including member firms of the Big Four worldwide accounting networks - citing national security concerns.

Sources told Reuters on Friday that the move would be part of a broader effort to limit us investments into Chinese companies, in part because of growing security concerns about their activities.

Wang, who has been part of China's negotiating team with the United States, told a news conference that Liu would go to Washington for the talks the week after China's National Day holiday, which ends on October 7. The purchases kind a part of a tariff-free quota allotted for as much as 2 million tonnes this week.

China-U.S. trade and financial cooperation is mutually beneficial, Geng told a daily news briefing.

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