China-Hungary Relations: A "Golden Voyage" Has Begun
Chinese leader Xi Jinping described the relationship between China and Hungary as embarking on a "golden voyage" following a meeting in Budapest with Hungarian Prime Minister Viktor Orbán
US and Chinese officials have been holding a first day of talks in Beijing aimed at resolving their damaging trade dispute, reports BBC.
Last year, both countries imposed billions of dollars' worth of tariffs on each other's goods.
The two-day talks mark the first formal meeting since they agreed to refrain from any further tariffs for 90 days.
The meeting comes amid rising concern about the impact of trade tensions on the global economy.
The US delegation is led by Deputy US Trade Representative Jeffrey Gerrish.
So far, neither side has given any indication of how the talks are going.
However, a Chinese foreign ministry spokesman told reporters that his country had "the good faith, on the basis of mutual respect and equality, to resolve the bilateral trade frictions".
While the temporary truce has provided some relief, there is scepticism over the possibility of a breakthrough at the meeting in Beijing.
"There are concerns about how far apart the two sides still are," Julian Evans-Pritchard, economist at Capital Economics said.
"The main sticking point is going to be on industrial policy and intellectual property rights."
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Ryanair has announced plans to base its fourth aircraft at Sofia Airport and introduce flights to five new destinations this summer season
The event will bring together esteemed local and international leaders such as Wolfgang Schüssel, former Chancellor of Austria
Bulgaria’s plan to adopt the euro and become a member of the eurozone holds far-reaching implications, especially for the economy, political scene, and international relations; the Southeast European nation is looking to improve its economic conditions an
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU