The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said, clarifying a tweet last week from President Donald Trump.
Last week, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said Trump had meant to say $100 billion.
Surging Chinese investment in Australia’s healthcare sector looks set to continue in 2018, with the $690 million acquisition of probiotics manufacturer Life-Space Group in late January by Guangzhou-based BY-HEALTH adding to more than $5.5 billion in transactions since 2015.
For the past three years, Australia has become one of the most sought-after destinations for Chinese companies seeking healthcare investments, according to a recent report by KPMG.
Fortescue Metals Group chairman Andrew Forrest has urged the Australian and Chinese governments to set aside diplomatic tensions and recognise the importance of the bilateral relationship to both countries’ wellbeing and prosperity.