Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets.
Chinese President Xi Jinping delivered his annual New Year Address on Monday night to people in China and around the world, reviewing China's achievements in 2018 and extending New Year wishes for 2019.
Concerns have been intensifying that Beijing and Washington could begin to engage in a Cold War-like rivalry this year.
Trump is seeking a massive reduction in the USA trade deficit with China and deeper reforms to open the economy to foreign companies.
In 1978, China launched its "reform and opening-up" policy created to develop a market economy under the ruling Communist Party. "So in order to coexist economically, they have to align their national security". -China trade talks, much of current angst is focused on the Federal Reserve, which faces a tricky balancing act of boosting interest rates enough to contain inflation without choking off the economic expansion. "It is time for the US government to realize that the negotiations with China should be based on reality".
Despite Monday's advance, equities ended the year largely in the red, victims of investor anxiety over trade tensions and slowing economic growth. Meanwhile, Mr. Trump stated he could intervene in the case if he thought it would help secure a trade deal with China, which some legal experts said could undermine extradition efforts if Ms. Meng's lawyers argue successfully that the case against her is politicized. "Instead, China has chosen economic aggression, which has in turn emboldened its growing military", Pence said.
Leaders of the two countries can play important roles in managing bilateral relations, which are critically important to both sides, Da added.
China's customs administration announced Friday it had approved US rice imports, after Beijing's major state-owned grain stockpiler said it had resumed buying USA soybeans, and China announced it would suspend extra tariffs added to USA -made cars and auto parts starting January 1.
Having canceled his plans to travel to his estate in Florida for the holidays because of the government shutdown that started on December 22, Trump tweeted, "I am in the White House waiting for the Democrats to come on over and make a deal".
"This has really been a challenging year for investors", said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management.
It was unclear who initiated the call between Trump and Xi.
Trump also praised the direction of talks with Beijing, writing on Twitter that "the deal is moving along very well". If made, it will be very comprehensive, covering all subjects, areas and points of dispute. This led to an oversupply that reduced Chinese processing margins and led factories this summer to make the biggest cuts in years to the production of soymeal used to feed livestock. According to a deal struck between the USA and China on December1, the two economic powerhouses have until March 1 (90 days) to try to work out their differences on trade.