principles

‘Consensus On Principles’: US-China Trade Deal In Sight

November 3, 2019 2:40 pm

Trade talks between the United States and China are progressing well and Washington aims to sign an initial deal this month, top Trump administration officials said on Friday.

Beijing’s state-run media outlet Xinhua said the world’s two largest economies had reached a “consensus on principles” during a constructive telephone call on Friday between their main trade negotiators.

Read Also: MF Cautions Nigeria, Others Over Mounting Debt To China

The optimistic notes offered reassurance to global markets after nearly 16 months of tit-for-tat tariffs.

US and Chinese delegates had made “enormous progress” towards finalising a “phase one” agreement, although the deal

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G20 leaders lay new principles for lending, borrowing

June 9, 2019 7:37 am

G20 Finance leaders on Sunday adopted new principles to ensure countries that lend and borrow for infrastructure spending do so in a sustainable manner.

This is a move seen as addressing concerns that China’s lending practices have saddled some emerging nations with huge debt.

The principles, signed off by the Group of 20 finance leaders who gathered in the southern Japan city of Fukuoka, called for securing transparency and responsible, sustainable financing for infrastructure projects.

“We stress the importance of maximizing the positive impact of infrastructure to achieve sustainable growth and development while preserving the sustainability of public finances,” the …