{"id":3908,"date":"2018-11-02T06:35:30","date_gmt":"2018-11-02T06:35:30","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/china-stocks-gain-on-trade-war-hopes\/"},"modified":"2018-11-02T06:35:30","modified_gmt":"2018-11-02T06:35:30","slug":"china-stocks-gain-on-trade-war-hopes","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/china-stocks-gain-on-trade-war-hopes\/","title":{"rendered":"China stocks gain on trade war hopes"},"content":{"rendered":"\n
\n
<\/p>\n

\"AImage copyright<\/span>
\n Getty Images<\/span><\/p>\n

<\/span><\/p>\n<\/figure>\n

Stock markets in China gained on Friday after US President Donald Trump said trade talks with Beijing were “moving along nicely”. <\/p>\n

Hong Kong’s Hang Seng jumped 3.9%, Shanghai Composite rose 2.4% and the yuan firmed. <\/p>\n

The moves also follow media reports that pointed to progress on the US-China trade dispute.<\/p>\n

It comes ahead of a key meeting between Mr Trump and China’s President Xi Jinping at the G20 summit this month. <\/p>\n

The event will be closely watched for any progress in the resolution of the bitter trade dispute between the world’s two largest economies. <\/p>\n

On Thursday, comments made by Mr Trump appeared to be an attempt to ease tensions. <\/p>\n

“Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade,” the US president tweeted.<\/p>\n

\n
\n
\n
\n Skip Twitter post by @realDonaldTrump<\/a><\/p>\n
\n
\n

Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!<\/p>\n

\u2014 Donald J. Trump (@realDonaldTrump) November 1, 2018<\/a><\/p><\/blockquote><\/div>\n

End of Twitter post by @realDonaldTrump<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n

<\/p>\n

<\/span><\/p>\n<\/figure>\n

Mr Xi said he was “very happy” to talk to Mr Trump again and that he puts “great importance [on] good relations with the president”, according to Chinese state media. <\/p>\n

The two countries have been locked in an escalating trade battle, with each side imposing tariffs on billions of dollars worth of imports from each side. <\/p>\n

Washington introduced the duties in response to what it says are long-running, unfair trading practices by China, and Beijing has retaliated in kind. <\/p>\n

But other signs of trade progress surfaced Friday. <\/p>\n

A Bloomberg report said the US president had asked officials to begin drafting a potential trade agreement with China, citing unnamed sources. <\/p>\n

Separately, the South China Morning Post – also citing unnamed sources – reported that Mr Trump had offered to host a dinner for the Chinese president after the G20 summit.<\/p>\n<\/p><\/div>\n