China will offer the Trump administration better market access for financial sector investments and U.S. beef exports to help avert a trade war, the Financial Times reported on Sunday, citing officials familiar with the matter.
China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.
"China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump's election victory)," the Financial Times also reported citing a Chinese official involved in the talks.
U.S. Commerce Secretary Wilbur Ross said on Friday that President Donald Trump and Chinese President Xi Jinping have agreed to a new 100-day plan for trade talks on Friday.
The U.S. trade department was not immediately available for comment while the China's ministry of commerce could not be reached for comment.
Benchmark index sheds 1,991.48 points, or -1.77%, to close of 110,423.32
Govt intends to increase country's tax-to-GDP ratio from 9-10% to 13.5%, says FinMin Muhammad Aurangzeb
KSE-100 Index closes at 112,414.80, marking decline of 1,509.61 points, or -1.33%
PSX's benchmark KSE-100 Index jumps 4411.27 points or 4.03% to close at 113,924.41 points
Benchmark index surges to 109,513.14, climbing 3,238.17 points, or 3.05%
Benchmark index closes at 106,274.97, dropping 4,795.32 points, or -4.32%
