Month: January 2018

China opposes US unilateral sanctions against its companies

China has firmly rejected the unilateral sanctions the US government has imposed on Chinese companies to economically isolate North Korea, Foreign Ministry spokesman Lu Kang said on Wednesday. “We firmly oppose the long arm of the jurisdiction against Chinese companies and individuals according to their legislation because it is wrong,” Lu told a news conference after it was revealed that the US sanctioned four companies based in China that have trade relations with Korea From the north. According to the US Treasury Department, between January 2013 and August 2017, three of these companies exported goods worth $ 650 million to North Korea and imported goods worth $ 100 million from that country.

Fight against pollution in China threatens to affect world market for natural gas

China’s government campaign to move the coal-fired heating system through millions of homes to less polluting heating and wind help has made Beijing sky win the rare shade of blue but has generated a national energy crisis that threatens to affect the market of natural gas. Airborne particle levels in Beijing in November were 54% lower than in the same month in 2016. Blue skies were dominant during the period, although heating systems were normally switched on from day 15, which makes the shades of gray dominate the horizon of the country’s capital. The change, however, has generated problems. Many cities have gone unheated even with temperatures below zero.

Trump warns Xi that US trade deficit with China is not sustainable

US President Donald Trump has warned Chinese President Xi Jinping that the US trade deficit with the Chinese continues to grow and that this situation is not sustainable for the country’s economy. The White House said Trump and Xi had been on the phone Monday night in Washington when it was Tuesday in Beijing. The two also spoke about diplomatic progress on the conflict in the region of the Korean peninsula. “President Trump expressed his disappointment that the US trade deficit with China continued to grow, and made it clear that this situation is not sustainable,” the White House said. China’s trade surplus with the United States grew 13 percent in 2017, the first year of Trump’s government to reach $ 288 billion, according to official data released by Beijing.