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CISCO SYSTEMS (CSCO)
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China says differences with U.S. should be settled through dialogue

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05/16/2018 | 06:37am CEST
Chinese Vice President Wang Qishan attends the opening ceremony of a forum on China-Africa local government cooperation, in Beijing

BEIJING (Reuters) - Chinese Vice President Wang Qishan said on Tuesday the United States and China should increase communication and resolve differences through negotiations, Chinese state TV reported, as the world's two largest economies engage in trade disputes.

China will continue to deepen reforms, further open up its economy and improve the investment environment, Wang said in remarks to a U.S.-China business forum in Beijing.

Wang met U.S. business executives and advisers on the sidelines of the forum.

Among those who attended were Thomas Donohue, president of the U.S. Chamber of Commerce, and Carlos Gutierrez, former U.S. Commerce Secretary and chairman of Albright Stonebridge Group. Representatives from Cisco Systems Inc, Western Digital Co, Honeywell International Inc and Herbalife Nutrition Ltd were also present.

Washington and Beijing have proposed tens of billions of dollars in tariffs in recent weeks, fanning worries of a full-blown trade war that could hurt global supply chains and dent business investment plans.

(Reporting by Beijing Monitoring Desk; Editing by Janet Lawrence)

Stocks mentioned in the article
ChangeLast1st jan.
CISCO SYSTEMS 0.76% 46.22 Delayed Quote.20.68%
HERBALIFE NUTRITION LTD 0.16% 56.16 Delayed Quote.65.59%
HONEYWELL INTERNATIONAL 0.19% 155.47 Delayed Quote.1.18%
WESTERN DIGITAL -0.94% 64.02 Delayed Quote.-19.50%
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Financials ($)
Sales 2019 51 415 M
EBIT 2019 16 044 M
Net income 2019 12 182 M
Finance 2019 14 930 M
Yield 2019 2,97%
P/E ratio 2019 17,30
P/E ratio 2020 16,03
EV / Sales 2019 3,91x
EV / Sales 2020 3,77x
Capitalization 216 B
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 50,1 $
Spread / Average Target 9,2%
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Managers
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Senior Vice President-Operations & Digital
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
Roderick C. McGeary Independent Director
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