U.S.-China Trade Talks End With Strong Demands, but Few Signs of a Deal -NYT

China must …

· Cut its trade surplus by $100 billion

· Halt all subsidies to advanced manufacturing industries in its so-called Made In China 2025 program.

· Accept that the United States may restrict imports from the industries under Made in China 2025.

· Take “immediate, verifiable steps” to halt cyberespionage into commercial networks in the United States.

· Strengthen intellectual property protections.

· Accept United States restrictions on Chinese investments in sensitive technologies without retaliating.

· Cut its tariffs, which currently average 10 percent, to the same level as in the United States, where they average 3.5 percent for all “noncritical sectors.”

· Open up its services and agricultural sectors to full American competition.

· The United States also stipulated that the two sides should meet every quarter to review progress.

Trade talks expose a chasm between China and America Hardline demands from both countries raise the risk of a trade war -The Economist

Dealing With China’s High-Tech Ambitions China’s aspirations aren’t the problem. Its methods are. -Bloomberg

Japan looks to team up with island nations on Indo-Pacific strategy At an upcoming summit meeting, Japan will take steps to beef up collaboration with Pacific island nations in an effort to promote the free and open Indo-Pacific strategy advocated by Prime Minister Shinzo Abe. -The Japan Times

North Korea says denuclearization pledge not result of U.S.-led sanctions -Reuters

Without the US wielding a stick, would Kim Jong Un have grabbed a carrot? This time around, Pyongyang — and Beijing — saw Trump’s statements, as a candidate and then as president, and sensed that something was different. The consistent warnings from him and his national security team, whether couched in softer or harsher terms, conveyed a message that Washington’s strategic patience was wearing thin and that it was only a question of when, not whether, U.S. military action would come into play.-The Hill

ELECTION WATCH – MAY 9th Possible outcomes of Malaysia's election As Malaysia's election campaign enters its final stretch before Polling Day on May 9, there are concerns that the country's political and economic stability are at stake. -The Straits Times

Is Chinese money an issue? In Malaysia, only at election time There’s nothing new about foreign investment in Malaysia, as opposition chief Mahathir Mohamad knows well. So why is Chinese money a campaign issue when voters are more concerned about the cost of living? -SCMP



The Politics of Machine-Learning Algorithms -Project Syndicate

ZTE applies to U.S. Commerce department for suspension of business ban China’s ZTE Corp has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security for the suspension of a business ban -Reuters

不客气Tesla’s Elon Musk thanks Chinese government ahead of expected approval for Shanghai factory -SCMP

“We’re very appreciative of the fact that the government of China has announced that they will be allowing full ownership of manufacturing facilities in China,” Musk

Bad to worse for CEFC China with creditors at the door and Russian oil deal collapse Boss Ye Jianming is still missing and credit rating downgrades are making it harder to raise cash -SCMP

TPG-Backed Company Revises Bid for Indian Hospital Chain Fortis has since drawn international bidders intent on securing a place in one of the most under-served health-care markets in the world. -Bloomberg

U.S. condemns China for 'Orwellian nonsense' over airline websites The White House on Saturday sharply criticized China’s efforts to force foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling China’s latest effort to police language describing the politically sensitive territories as “Orwellian nonsense.” -Reuters

Taiwan Protests Ignite Calls for Centralized Labor, Fire Safety Regulations Tuesday’s May Day labor protests brought several thousand workers and union members to the streets of Taipei. Protestors demanded wage hikes across the board in response to stagnant salaries and called for a referendum to reverse recent changes to the Labor Standards Act (LSA) which granted employers more flexibility in managing overtime pay, mandatory leave, and rest days. -The News Lens


Soy Source Gives True Flavor of China Trade Talks Importers are canceling U.S. shipments and buying from South America Take soybeans. Markets are already on high alert after China, the biggest importer, said it was considering slapping 25 percent tariffs on shipments from the U.S. Change could be coming sooner even than that. The dreaded non-tariff barriers — unofficial embargoes like the ones China imposed on Korean automobiles, stores and beauty products in response to rising military tensions last year — may already be going up. -Bloomberg

Farmers in China’s northeast get a new task: Grow soybeans With US soybeans targeted in the trade war, Chinese farmers, and diners, are being asked to make changes in what they grow, and eat -Asia Times

Japanese and Chinese central banks to start full talks on new currency swap pact -The Japan Times

Singdollar slips as good US data lifts greenback The Singdollar's steady gains against the greenback over recent months have been eroded by the US dollar's resurgence on the back of good United States economic data. -The Straits Times

Cryptocurrency exchanges step away from Japan and Hong Kong Big industry players find homes where regulators are not as strict -Nikkei Asian Review

India offered a $1.6bn oil discount, if it pays in crypto Venezuela's inflation could hit 100,000% by 2019 and they desperately need cash. Is the Petro the last roll of the monetary dice for President Maduro? -Asia Times