Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

There's a presidential election in El Salvador on Sunday leading the polls is the capital's

former mayor, a young candidate with serious social media savvy. He might just be the country's

first millennial president, but his policy plans aren't so clear. And there's quite a big

diamond up for auction in Angola today. It's not the country's biggest ever, but it is a massive

sign of change. First up, in the midst of a trade war between the world's two largest economies,

peace talks. Representatives from the US and China are meeting in Washington this week after a

year of escalating tensions. America has imposed tariffs on $250 billion worth of Chinese goods alongside

rhetoric about trade surpluses and intellectual property theft. It is the largest deficit of any country

in the history of our world. It's out of control. The Chinese government has responded with tariffs of

its own. The American side of this week's talks is led by Robert Lighthizer, the US trade representative. He'll be

sitting down with Leo He, China's vice premier who is also expected to meet with Mr. Trump today. The clock is ticking. If

no agreement is reached by March 1st, the Trump administration has promised to ratchet up most of those new tariffs from 10% to 25%.

The discussions have been complicated by charges brought this week by American officials over alleged

Chinese companies deeds at Huawei, a Chinese telecoms giant. But both sides want to deal. Apple shares down big after the company

slash guidance on weaker sales out of China. It's rather out of control. For the first time in two decades, citing weaker

demand in China amid the ongoing trade war with the United States. China is a key market for the likes of Apple, Nike, Boeing, Starbucks. They'll all be hoping for a

positive outcome from the talks. But so will ordinary people in China, where a slowing economy is starting to affect jobs.

Traditionally, the province of Hunan and Zhengzhou its capital were quite poor. They were places that people left to find work elsewhere.

Simon Revinovich is our Asia economics editor. He's been visiting Zhengzhou, the capital of China's Hunan province and home to 10 million people.

In recent years, it's been making a really big effort to rule companies and to get people to come back to the city.

And one of the big focuses has been on the technology sector. So they provided all kinds of subsidies and

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