Published: Fri, November 29, 2019
Money | By Ethel Goodwin

China trade deal close, Trump says; negotiations continue

China trade deal close, Trump says; negotiations continue

China's foreign ministry summoned the usa ambassador on Thursday, urging Washington to refrain from applying a bill supporting Hong Kong's pro-democracy movement to "avoid further damage" to relations. Trump had seemed reluctant to sign the legislation, but came under heavy pressure from Congress, where the issue has attracted rare bipartisan support. Only the headline has been changed. China is also looking to avoid further damage to an economy growing at the slowest pace in decades.

One law requires the State Department to certify annually that China allows Hong Kong enough autonomy to guarantee its favorable trading status.

"We're in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever", Trump said. "I think it will". "But the president wants a deal".

Hong Kong police entered a sprawling university campus on Thursday at the end of a almost two-week siege that saw some of the worst clashes between protesters and security forces to have rocked the former British colony.

Hong Kong's Human Rights and Democracy Act, the South China Morning Post, quoted a statement from the Foreign Ministry that Chinese Deputy Foreign Minister Zheng Xiaagung submitted a "Congress with Branstad" representation.

Office workers and pro-democracy protesters hold up their hands to represent their five demands wanted from the government as protests continue in Central district of Hong Kong, Wednesday, Nov. 27, 2019. There are signs the downturn in business investment may be drawing to a close and the U.S. Federal Reserve said the outlook was bright.

The House cleared the bill 417-1 on November 20 after the Senate passed it without opposition - veto-proof majorities that left Trump with little choice but to acquiesce. USA and Chinese officials, lawmakers and trade experts warn such follow-on negotiations may prove hard given the November 2020 U. presidential election, the difficulties in getting the first stage done, and the White House's reluctance to work with other countries to pressure Beijing.

Hong Kongers have protested in huge numbers over the last six months, fuelled by years of growing fears that authoritarian China is stamping out the city's liberties. "I am pleased that the president signed this legislation and look forward to its prompt enforcement".

Last week, Senate Majority Leader Mitch McConnell, a Kentucky Republican, called on the president to speak out, saying that "the world should hear from him directly that the United States stands with" the protesters.

Both bills are now on the desk of U.S. President Donald Trump.

The new law comes just as Washington and Beijing have shown signs of working toward what the White House calls a "phase one" deal to ease the trade war. In Canada's minority Parliament, opposition parties gain greater sway over committee hearings and Conservative MP Garnett Genuis said he hopes the Conservatives will be able to team up with other parties to hold Commons hearings on Hong Kong.

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