CHINA-US: ECONOMIC/OBOR

Reuters confirmed on May 13, 2017, that USA's Trump Administration will be sending a delegation led by Matt Pottinger, special assistant to thePresident and the National Security Council's senior director for East Asia to the OBOR Forum being held in Beijing on May 14-15, 2017. He will be accompanied by US Commerce Department official Alan Turley. The Reuters report added that this coincides with the unveiling of an important trade deal between China and the United States which will see China allow US imports of beef no later than July 16. The US will simultaneously issue a rule to allow Chinese cooked poultry to enter U.S. markets. China will also allow increased access for American financial firms. 

 

Chinese Vice Finance Minister Zhu Guangyao said at a press briefing on May 12, "The United States has realized the importance of the Belt and Road Initiative and will send its delegates to attend the summit." Chinese Foreign Ministry spokesman Geng Shuang too confirmed that Pottinger, special assistant to the president and the National Security Council's senior director for East Asia, would be coming. He added "We've said all along the Belt and Road is an open, inclusive initiative. We welcome all parties to participate." 







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