President Xi Jinping's official visits to Argentina and Panama, following his attendance at the just concluded G20 Leaders' Summit in the Argentine capital of Buenos Aires on the weekend, will turn a new page in China's relations with these two countries and help further enhance reciprocal cooperation between China and Latin America.
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INTERNATIONAL HOTEL CHAIN MARRIOTT INTERNATIONAL disclosed on Friday that the guest reservation database of its Starwood properties had been hacked. A few hours later consumer class-action lawsuits were filed. Beijing News comments:
ON SATURDAY, Russia released an official video that shows Russian Aerospace Forces testing an upgraded version of its antimissile system. Beijing News comments:
Editor's note: On Saturday, President Xi Jinping and US President Donald Trump agreed that they will suspend the imposition of new tariffs, continue bilateral trade negotiations, and exchange visits at an appropriate time. Guancha.cn comments:
China and the United States agreed to avoid raising trade tariffs after President Xi Jinping and his US counterpart Donald Trump reached a consensus over the issue at the G20 Summit in Buenos Aires, Argentina, on Saturday. The US agreed to not raise the tariffs on $200 billion of Chinese imports to 25 percent on Jan 1, 2019, and instead leave them at 10 percent. The two presidents also agreed to "step up negotiations" to fully eliminate all additional tariffs.
Of late, there has been talk of and concern over a possible "Cold War" between the United States and China. The argument goes that Beijing and Washington are competing to establish their respective versions of "political correctness" and global order.
China has achieved an average of 9 percent growth a year thanks to reform and opening-up, and its economic integration with international trade.
No magic wand has been waved to make the differences between the United States and China vanish overnight. But the highly anticipated talks between Chinese President Xi Jinping and US President Donald Trump over dinner in Buenos Aires on Saturday have produced a welcome consensus that the two sides will work on ways to resolve their differences: Most pressingly their trade dispute, which had been threatening to deteriorate into a full-on trade war with the prospect of additional tariffs looming on Jan 1.
It is not easy for the leaders of different countries to reach an unanimous agreement on issues such as trade and climate change. The just concluded G20 Leaders' Summit in Buenos Aires reached a consensus on promoting "fair and sustainable development through an agenda that is people-centered, inclusive and forward-looking". It can therefore be considered an achievement in itself.
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