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China says can ‘absolutely’ reach deal with US on financial opening

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China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted talks with Washington had been difficult.

The two countries have been working to resolve a bitter trade dispute that has rattled financial markets and disrupted world supply chains in a blow to global growth.

The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. goods, a source briefed on negotiations said on Sunday.

Washington has accused China of limiting market access for U.S. firms, forcing companies to transfer technology and providing little protection for intellectual property rights.

Speaking on the sidelines of China’s annual meeting of parliament, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said while he could not give details on the talks, reaching an agreement in the financial area should not pose problems.

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“On the opening of the financial sector, China and the United States absolutely can reach agreement. Though at present there may be a few small disagreements, the problems are not that great,” Guo said.

The United States has also expressed concerns about the value of China’s yuan.

Guo reiterated that China did not engage in competitive devaluation of the yuan currency.

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Speaking separately on parliament’s sidelines, Commerce Minister Zhong Shan said that trade talks with the United States have been difficult.

“There is a lot of content in the consultations, the difficulty is great. This needs our teams to work overtime, day and night,” he said.

“At present working teams are still continuing negotiations, as we still have a lot to do.”

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The trade talks have achieved a breakthrough in some areas, Zhong said, adding that both China and the United States and the global economy stand to benefit if both countries can reach a trade deal.

China and the United States should seek common ground while setting aside their differences if they want to reach a consensus, Zhong added.

Reporting by Ryan Woo and Stella Qiu; Writing by Ben Blanchard; Editing by Shri Navaratnam


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White House flack: Trump made it clear he ‘disagrees with’ and ‘stands with’ people who chanted ‘send her back’

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White House spokesperson Mercedes Schlapp on Sunday insisted that President Donald Trump "stands with" people who chanted a racist slogan at his rally last week -- although she also claimed that he disagrees with the chant itself.

In an interview on ABC's This Week, host George Stephanopoulos asked Schlapp why Trump let the racist "send her back" chant go on for 13 seconds after he attacked Rep. Ilhan Omar (D-MN).

"He is not a racist," Schlapp said of the president. "He's a compassionate man whose policies have focused on the minority community."

"You also saw him in that room in North Carolina -- 13 seconds as the crowd chanted 'send her back,'" Stephanopoulos pointed out. "It seems like you're at odds with the president, you had a different reaction to that chant."

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Right-wing bigots target North Carolina concert by African band that stood up to Islamists

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Responding to hate, a Winston-Salem music venue rallies the community behind what just might be the greatest band in the world.

The comments in response to two sponsored posts on Facebook promoting an upcoming Winston-Salem concert by the Grammy-winning and internationally-acclaimed group Tinariwen came in a steady drip of loathing, vitriol and menace.

This article first appeared in the Triad City Beat.

One commenter from Smithfield wrote on July 13: “Gotta bring my AR, too….”

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Chris Wallace burns down Stephen Miller over Trump’s racist lies: He let ‘send her back’ chant ‘go for 13 seconds’

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White House adviser Stephen Miller on Sunday defended President Donald Trump's racist tweets directed at four non-white congresswomen: Reps. Ilhan Omar (MN), Alexandria Ocasio-Cortez (NY), Ayanna Pressley (MA) and Rashida Tlaib (MI).

In an interview on Fox News, host Chris Wallace asked Miller to explain Trump's "go back" remark and the "send her back" chant at a recent presidential rally.

"That is not protecting the American people, that is playing the race card," Wallace said. "Let's take the Obama birther -- you don't think that questioning whether the first black president is [a citizen]..."

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