[ET Net News Agency, 21 May 2018] China and the US issued a joint statement regarding
the talks in the US last week. The brief statement emphasised that China will purchase
significantly more goods and services from the US, in particular, energy and agricultural
products.
Given the improvement in sentiment between both sides, Credit Suisse said it is likely
that both sides would not impose higher tariff on products from each other in June as
originally stated; also, there should be a likely settlement on ZTE (00763) soon.
However, the research house strongly believes that China and the US trade and economic
relationship will go back to how it was in the 1990s before China entered WTO, i.e.,
confrontational trade disputes will persist between both sides and every year talks will
need to sort out the differences.
In the near term, the market will likely focus on the potential winners or losers in the
larger US exports of energy (likely in the form of LNG) and agricultural products into
China. (KL)
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00763 ZTE
Nominal 
16.240 +0.440 (+2.785%) Others
21/05/2018 17:50
[I-bank focus]Sino-US trade relationship seen to go backward
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