Rolling coverage of the latest economic and financial news, including the latest on the US-China trade war and new UK inflation figuresUS considers blacklisting HikvisionChina: Our door“s still openComing up: UK inflation and public finances 8.08am BST While China seeks fresh talks, America is pressing on with its crackdown on Chinese firms.According to the New York Times, the US is considering banning Chinese surveillance kit-maker Hikvision from buying US components. A similar ban was slapped on Huawei last week, in a dramatic escalation of the spat between the two sides.The report has sent the company“s shares down, even as Hikvision said it received no notice of the potential blacklisting and said its operations in Xinjiang had never been `inappropriate`.China has come under increasing international scrutiny over mounting evidence of the mass surveillance and detentions of millions of Muslim minorities in Xinjiang. Related: US may blacklist Chinese surveillance kit firm Hikvision - reports 8.01am BST China is calling on Washington to resume trade talks, as the dispute between the two major economic powers rumbles on.Chinese Ambassador to the United States Cui Tiankai said last night that Beijing hadn“t slammed the door, despite the clampdown on Huawei.`China remains ready to continue our talks with our American colleagues to reach a conclusion. Our door is still open.``It“s quite clear it is the U.S. side that more than once changed its mind overnight and broke the tentative deal already reached.``So we are still committed to whatever we agree to do, but it is the U.S. side that changed its mind so often.` 7.52am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Related: British Steel on verge of collapse as government talks stall Marks & Spencer has reported a 9.9% fall in underlying pre-tax profits to £523.2m for the year to March 31 Continue reading...
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