United States Oil (USO) lower as trade tensions heightened between the US and China Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US crude stocks. The heightened tension over US-China tariffs saw the market […]
Hong Kong: HANG SENG INDEX (.HSI) fall on fears over US-China tariffs standoff Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world’s two largest economies. On Saturday, The Wall Street […]
Dow Jones Industrial Average (.DJI) The U.S. and China trade war will be closely looked at this week For the week, the Dow rose 0.9%, its fourth positive week of the past five. The S&P 500 rose 1.2% and the Nasdaq posted a gain of 1.4% for the week, its third positive week of the […]
President Trump Going to Impose New China Tariffs Sunday we learned that US President Trump is going ahead with plans to impose new tariffs on about $200-B of Chinese imports. Both sides were preparing to hold new talks on their tariff dispute. Last week President Trump told reporters such a move could come “very soon.” […]
Typhoon Mangkhut Killed 28 in Philippines, Now Hammering South China Hong Kong and southern China are on Red Alert Sunday as strong winds and heavy rain from super Typhoon Mangkhut lashed the densely populated coast, a day after the biggest storm of the year left at least 28 dead from landslides and drownings in the […]
Shanghai is the world’s worst-performing major stock market this year despite respectable corporate earnings, a disconnect which is feeding growing talk that Chinese equities are now a screaming buy. Not so fast, say brokers and analysts, who warn shares have further to fall due to US-China trade squabbling, slowing Chinese economic growth, and a government […]
President Trump Wants $267-B More in China Tariffs Despite Talks $AAPL, $WMT, $TGT President Trump threatened a 3rd tranche of tariffs on another $267-B of Chinese imports this past week, which would mean levying duties on nearly everything China exports to the US. President Trump said at the time those tariffs were “ready to go […]
China Disappears A-List Actress Fan Bingbing Fan Bingbing, 36 anni, an A-list Chinese movie star who has appeared in the “X-Men” and “Iron Man” film franchises, has more than 62-M followers online in China and fronted campaigns for Montblanc watches and De Beers diamonds, has disappeared. The star dropped out of sight in June when […]
Dow Jones Industrial Average (.DJI) hope of easing U.S.-China trade woes U.S. stocks extended a multiday rally to end higher Thursday, with the S&P 500 and Dow notching consecutive days of gains, as technology stocks rebounded from their recent slump. Optimism pinned to signs of easing trade tensions partly helped to buttress the market’s advance. […]
Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]
The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time battling a mountain […]
Singapore: STI Index (.STI) U.S. proposed a new round of trade negotiations with China Asian markets were mostly higher on Thursday after a report that the U.S. had proposed a new round of trade negotiations with China quelled fears that a dispute between the world’s two largest economies was spiraling out of control. According to […]
“China has been a ‘Serial Violator’ of WTO for Many Years” It is a good thing that China and the United States are now talking to each other on trade, but China has been a “serial violator” of the World Trade Organization (WTO) for years, Rep. Jeb Hensarling (R-TX) said Thursday. “It is just not […]
“US Under No Pressure to Make a Deal With China” Thursday, US President Donald Trump denied a recent report in the WS-J that claimed that his Administration has reached out to China to begin new trade talks. “The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, […]
Dow Jones Industrial Average (.DJI) slightly higher on Wednesday after news of a fresh round of US-China trade talks The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of US-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made […]
Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]
Shanghai: SSE Composite Index (.SSEC) US-China trade war concerns China’s stock market, having ceded its position as the world’s second-largest to Japan, continues to lose value and is now worth five times that of Apple Inc. At its peak in 2015, China’s market cap was more than $10 trillion. It’s almost halved in size since […]
Dow Jones Industrial Average (.DJI) President Donald Trump said he’s ready to impose tariffs on essentially every good that’s imported from China WALL STREET: U.S. stock indexes fell on Friday after President Donald Trump said he’s ready to impose tariffs on essentially every good that’s imported from China. The S&P 500 index fell 0.2 percent […]
Hong Kong: HANG SENG INDEX (.HSI) jitters over a potentially severe escalation in the U.S.-China trade war Asian shares fell for the sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war. […]
China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]
Dow Jones Industrial Average (.DJI) Lower on China Tariff Concerns The Dow Jones Industrial Average hit its lowest levels of Thursday, with less than an hour left in trade, following a report that President Donald Trump would impose tariffs on $200 billion in China imports. The report from Bloomberg, citing people familiar with the matter, […]
President Trump ‘Hard Balling’ China With More Tariffs US President Donald Trump is prepared to quickly ramp up a trade dispute with China and has told aides he is ready to impose tariffs on $200-B more in Chinese imports as soon as a public comment period on the plan ends next week it was reported […]
China Banks and the Trade War HEFFX remains bullish on China’s Banks Chinese banking giant ICBC, the world’s biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks. Net profit for Industrial & Commercial Bank of China climbed almost […]
Shanghai: SSE Composite Index (.SSEC) markets in China tread water Asian stock markets started strong Tuesday, but gains faded as the day wore on. The initial push built on Monday’s global gains, which saw the S&P 500 and Nasdaq log record closes after President Donald Trump announced a pending trade deal with Mexico, easing global […]
United States Oil (USO) dipped slightly on Monday on concerns about US-China trade dispute Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said. Washington will target Iran’s oil exports with sanctions from November. […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
British Pound: USD/GBP (GBP=X) eyes Bank of England, USD Fed and China trade talks The main event for the Pound in the week ahead will be testimony from Bank of England (BOE) governor Mark Carney the Parliamentary Treasury Select Committee, on Wednesday, August 22, covering the inflation and economic outlook. Although the BOE raised interest […]
China and the Moral Dilemma at Google Will politics beat shareholders interests? Google workers’ outrage over the notion of censoring searches to appease Chinese officials highlights the dilemma US tech companies face in accessing the lucrative market. Using technology to make the world better is a well-worn mantra in Silicon Valley, preached so strongly by […]
Alphabet Inc. (NASDAQ:GOOG) employees demand more oversight of China search engine Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (O:GOOGL) unit called for more transparency and oversight of […]
Trade Talks Moving Ahead, Deals With China and Mexico Near Trade talks toresume with China later this month, and US Trade Representative Robert Lighthizer is “getting close” to reaching a trade deal with Mexico, National Economic Council Director Larry Kudlow said Thursday. However, he said in a TV interview that the Chinese government should not […]
China’s securities regulator said it will allow individual foreign investors working in the country to buy and sell yuan-dominated Chinese A-shares, the latest incremental step by Beijing to widen access to its long-cloistered equities markets. The change would go into effect on September 15 and also applies to foreign employees of Chinese-listed companies who are […]
China Seeks to Settle Trade War China will send a top negotiator to the United States in late August to resume trade talks, the commerce ministry said Thursday, the first public meeting on the subject in weeks as the trade conflict intensifies. Vice Commerce Minister Wang Shouwen, the deputy representative on international trade negotiations, will […]
The Kroger Co. (NYSE:KR) products to be sold on Alibaba’s Tmall Global platform in China Kroger’s new online store introduces Our Brands to international customers for the first time. Kroger’s online store test will start with select Simple Truth® items, providing Alibaba’s more than half a billion Chinese consumers with easy access to America’s largest natural and organic brand. […]
United States Oil (USO) China Market Critical for US Oil New Chinese tariffs are set to affect a wide array of refined products and plastics exports from Houston, but for now crude oil and liquefied natural gas exports are exempted. Oil traders said they see the removal of US crude from the tariff list as […]
Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China Alphabet Inc.’s (GOOGL) Google has embarked on a broad strategy to expand in China claim a number of people either involved in the effort or watching it closely. The move is at odds with the political grandstanding the company did in relation to censorship in the past, but at […]
The Chinese economy is displaying further signs of weakness, with data Tuesday showing investment slumped to a record low in the first seven months of the year and retail sales slowed. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports and towards personal consumption, while at the […]
Alphabet Inc. (NASDAQ:GOOG) courting allies in China Google (GOOG, GOOGL) is courting allies in China by providing tools and support to a growing number of app developers, manufacturers and advertisers who rely on the company to reach global consumers, even as its core services such as search, Gmail and You Tube remain blocked for most Chinese […]
China’s Political and Economic Waters Look Choppy As China’s leaders gather for their annual Yellow Sea retreat, its political and economic waters look choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as […]
Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdings from September 10, index compiler Hang Seng […]
China Performing Well Under Trade War Conditions China’s imports of automobiles surged in July after lower tariff rates went into effect, data showed. In July, China imported 165,000 units of automobiles and chassis, up 50 percent year on year, data from the General Administration of Customs showed. In U.S. dollar terms, the value of imported […]
The recent fall of the yuan has been a boon to Chinese exporters facing a trade war with the United States, but it poses financial risks that could prompt Beijing to prop up its currency. While markets are spooked by the standoff between the world’s two biggest economies, a weaker currency makes exporters’ goods cheaper, […]
China Digital TV Holding Co., Ltd. (OTC:STVVY) Looks Like a Buy China Digital TV Holding Co., Ltd. (OTC: STVVY) (“China Digital TV” or the “Company”), a leading provider of cloud platforms, with gaming and other applications embedded, to PRC digital television and telecommunication network operators, today announced its unaudited financial results for the first six […]
Trade tensions between the US and China have been intensifying over recent months with each country imposing levies on mutual imports with extra duties. In July, Washington imposed tariffs on $34 billion worth of Chinese goods. US President Donald Trump accused Beijing of “being vicious” on trade, stressing that Chinese measures were targeting US farmers […]
Alphabet Inc. (NASDAQ:GOOG) Crawls back to China Chinese state media published, and later deleted, a comment piece saying that Google was welcome to return to China as long as it complied with Chinese rules. The post, published on People’s Daily newspaper on Monday, responded to a recent report by The Intercept that Google, which pulled […]
China Tower Lists in Hong Kong China Tower — the world’s largest operator of telecommunications towers — kicked off its trading debut in Hong Kong Wednesday in the latest high-profile listing in the city. Shares were at HK$1.27 ($0.16) in the first few minutes, slightly up on their IPO price of HK$1.26. China Tower is […]
Alphabet Inc. (NASDAQ:GOOG) could reenter China with a censored search engine The Overall Tech Sector Couldn’t Be Stronger The weakness felt in stocks like Twitter, Facebook and a few others isn’t indicative of the overall tech sector. When you look at other tech giants, stocks like Alphabet Inc. (Nasdaq: GOOG) and Apple Inc. (Nasdaq: AAPL), […]
Hong Kong: HANG SENG INDEX (.HSI) down by fears of slowing growth in China Hong Kong shares edged lower on Friday, dragged down by fears of slowing growth in China, a vaccine scandal that weighed on healthcare shares and persistent worries over the Sino-U.S. trade war. The Hang Seng index fell 0.1 percent to 27,676.32, […]
About 40 years after China set sail on its voyage of reform and opening-up, the journey is still at full speed and heading towards ever greater goals. At the 19th Communist Party of China (CPC) National Congress held in October last year, Chinese President Xi Jinping, also general secretary of the CPC Central Committee and […]
China on Friday announced its decision to impose additional tariffs of four different rates on 5,207 items of imported U.S. products worth 60 billion U.S. dollars. The rates of additional tariffs on such products will be 25 percent, 20 percent, 10 percent, and 5 percent, according to the Customs Tariff Commission of the State Council. […]
President Trump, “Tariffs Are Working, US and China Are Talking” Saturday, US President Donald Trump defended his use of tariffs against China and other countries, saying the trade measures are “working far better than anyone ever anticipated.” “Tariffs have had a tremendous positive impact on our Steel Industry,” he said in a Tweet. “Plants are […]
China’s new countermeasures to impose additional tariffs on about 60 billion U.S. dollars worth of products from the United States are “rational and restrained,” a spokesperson with the Ministry of Commerce (MOC) said Friday. The Customs Tariff Commission of the State Council on Friday unveiled lists of 5,207 items of U.S. products to be subject […]
China’s foreign minister said Saturday that his country’s threat to impose retaliatory tariffs on $60 billion of American goods in an escalating trade spat was “fully justified”. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump’s administration upped the ante in its plans for […]
Google Hammered by Senators Over Censored China Search Engine $GOOGL Friday, a group of Republican and Democratic Senators hammered Alphabet Inc.’s (NASDAQ:GOOGL) Google over reports it is developing a censored version of its search engine for the Chinese market. China critic Senator Marco Rubio (R-FL), was joined by 5 otherUS lawmakers on a letter to […]
Word that Google is crafting a search engine to meet China’s draconian censorship rules has sparked widespread employee anger at the company which has responded by limiting workers’ access to documents about the project, a report said Friday. Google was scurrying to stop leaks and quell outrage inside the company over what had been a […]
Caution China, President Trump Will ‘Follow Through’ Friday, White House chief economic adviser Larry Kudlow cautioned China not to underestimate President Donald Trump. “Let me just say this, the Chinese have better not underestimate the determination of President Trump to follow through and seek zero tariffs and nontariff barriers and subsidies and a level playing […]
China to Step Up Trade War Beijing warned Friday it was prepared to impose new tariffs on $60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war. The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald […]
United States Oil (USO) could be the next casualty in US-China trade war Oil prices rose on Thursday, reversing course after falling to the lowest point in six weeks overnight. The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI/Midland […]
Foreign direct investment (FDI) into the Chinese mainland was optimized in quality and quantitative growth, thanks to an improved business environment, officials and experts said. FDI into the Chinese mainland rose 1.1 percent year on year to 446.29 billion yuan in the first six months of 2018, according to the Ministry of Commerce (MOC). In […]
Alibaba Group Holding Limited (NYSE:BABA) and Starbucks plan to expand delivery to 2,000 stores in China Starbucks has officially struck a partnership with Alibaba Group with a multi-pronged plan to boost the beverage company’s digital and physical presence in China. In the exclusive agreement, the global fast-casual chain will leverage all of Alibaba’s properties, including […]
The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday. President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 […]
A key meeting has signaled that China will put more focus on maintaining the stability of the economy in the second half of this year amid external uncertainties. China will keep its economy on a stable and healthy development track with proactive fiscal policies and prudent monetary policies in the second half, according to a […]
China Yuan: USD/CNY (CNY=X) currency headed for its fourth straight month of weakenin China July 2018 NBS manufacturing PMI decrease to 51.2 (previous 51.5). China July 2018 NBS non – manufacturing PMI decrease to 54 (previous 55). Take a long position on USD/CNY around 6.8220, stop loss 6.8100 and target of 6.8548. Overall, the bias […]
China Back at the US Trade Negotiations Table $DIA, $SPY, $QQQ, $RUTX, $VXX The US and China are working restart talks to avert trade war between the world’s 2 largest economies. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage […]
China Yuan: USD/CNY (CNY=X) dropping as the trade war with the US escalates There are no significant domestic developments today. As a result, traders are watching Chinese financial markets for cues. While the People’s Bank of China initially weakened the USD/CNY exchange rate earlier today (as part of its daily fixing), the currency has since […]
China Economic Update China’s Ministry of Commerce (MOC) on Monday asked for the public’s opinion on a revised measure concerning foreign investors making strategic investments in Chinese listed companies. “The A shares acquired by foreign investors through strategic investment are not tradable for 12 months,” according to the revision on the ministry’s website. Currently, working […]
China Yuan: USD/CNY (CNY=X) inched up slightly USD/CNY is currently trading around 6.7916 marks. It made intraday high at 6.8048 and low at 6.7880 levels. Intraday bias remains neutral for the moment. The sell-off in the Chinese Yuan continued on Monday as the reversal seen on Friday was largely erased and USD/CNY continued its ascent […]
Trade War Fears Diminish as China Shows Sustainability Asian stocks made modest gains Wednesday, after a batch of generally solid US earnings and news of China’s stimulus plans helped drive markets up. Beijing on Tuesday signalled that it would shift to a looser fiscal policy in a bid to protect the world’s second largest economy […]
Shanghai: SSE Composite Index (.SSEC) China not manipulating yuan Lock-up shares worth about 57.47 billion yuan (about 8.5 billion U.S. dollars) will become eligible for trading on China’s bourses next week. Over 7.1 billion shares will become tradable on the Shanghai and Shenzhen stock exchanges from July 23 to 27. China is not manipulating its […]
The UAE and China have agreed to enhance cooperation in all fields to higher levels and forge overall strategic partnerships, which would contribute to cementing and intensifying cooperation, boost joint development and prosperity, which is consistent with the common interest of both countries and their peoples. The two countries in a joint statement issued today […]
President Trump, “China, EU ‘Manipulating Currencies’” President Donald Trump doubled down Friday morning on his plan to impose massive tariffs on China and the European Union, Tweeting that the United States should be on a “level playing field’’ with countries that have been “manipulating their currencies.” Trump also zeroed in on Canada in a 3rd […]
China will work to tackle the weak areas in its business environment to further improve overall competitiveness and sustain the sound momentum of steady economic performance, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. The Chinese government places high importance on improving the country’s business environment. Li has urged government […]
Chinese President Xi Jinping on Wednesday published a signed article titled “Working Hand in Hand for a Better Future” on Al Ittihad and The National, two mainstream newspapers in the United Arab Emirates (UAE), ahead of his state visit to the Middle East country. The following is the full text of the article: Working Hand […]
China’s First Lady Peng Liyuan is accompanying President Xi Jinping of the People’s Republic of China on his official visit to the UAE, as part of a high-level delegation to deepen bilateral trade, cultural and scientific cooperation between the two countries. The first lady represents a new image of China, where the President of the […]
China Building a Free Trade Network Amid a revival of unilateralism and protectionism across the globe, experts hail efforts to safeguard multilateralism and build an open world economy. China and the European Union (EU) on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was […]
Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]
Chinese President Xi Jinping met with European Council President Donald Tusk and European Commission President Jean-Claude Juncker on Monday, calling for closer partnership between China and the European Union (EU). “China and the EU are both builders of world peace, contributors to global development and defenders of the international order,” Xi said when meeting with […]
Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data Investors seek for clues from quarterly economic indicators of the initial economic impact from trade war and ongoing financial deleveraging In Hong Kong, the Hang Seng Index added 0.1 per cent, or 14.22 points, to 28,539.66. The Hang Seng China Enterprises Index, […]
China Horse Racing: HKJC’s Conghua Training Centre A momentous new era in Hong Kong racing began with the arrival of the first in-training horses at Conghua Training Centre (CTC) on the Chinese Mainland, marking the integration of CTC into the Hong Kong training system. The shipment of 21 horses – seven each from the Dennis […]
China and Russia back Iran The enemy of my enemy is my friend is an ancient proverb which suggests that two opposing parties can or should work together against a common enemy. Moscow and Tehran are expanding economic cooperation, with Russia planning multi-billion dollar investments in Iran’s energy sector. The move comes as major Western […]
China and the Trade War Beijing has filed a complaint with the World Trade Organization (WTO) against planned US duties on $200 billion worth of Chinese products, China’s Ministry of Commerce announced on Monday. Last week, the ministry said it would immediately file a complaint to the WTO against what it called US unilateralism. In […]
Trade War: It’s Still Boom Time in China China’s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday. In the second quarter, China’s GDP rose 6.7 percent year on year, […]
Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks A growing tidal wave of share buybacks, unrivaled in history, has hit the capital markets this year, while the latest escalation in a global trade storm sent China into bear market territory. A string of 84 listed companies at least, including blue chip companies and […]
China’s Trade Grows in June Despite Dust-up with US $ZTCOF ZTE Corp (OTCMKT:ZTCOF), China’s 2nd-largest telecommunications equipment maker to resume business. China’s trade grew by 2X digits in June despite mounting tensions with the US but the government warned it will face “rising instabilities and uncertainties.” Customs data Friday showed exports rose 11.3% over a […]
British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War If the US trade deficit is found to have widened on the month, this could see USD exchange rates extending their downtrend tonight. Once it becomes clear how China will retaliate to the latest proposed US tariffs worries over the outlook […]
Trade War: China Responds China will take necessary countermeasures to resolutely safeguard its rights and interests, a Chinese Foreign Ministry spokesperson said Wednesday after the United States announced a list of tariffs on 200 billion U.S. dollars of Chinese goods Tuesday. “The behavior of the U.S. is typical ‘trade bullying,” spokesperson Hua Chunying said at […]
China Officially says, “Keep calm, do not inflame trade row with US” $DIA, $SPY, $QQQ, $RUTX, $VXX China is not ‘happy’ about Washington’s hard line on trade, but has controlled coverage of the dust-up in its media, limiting open commentary and banning attacks on US President Donald Trump. Beijing has issued unusually strict rules limiting […]
Shanghai: China Shares Drop, Yuan Falls on New USA Tariff China’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest […]
Tesla, Inc. (NASDAQ:TSLA) rises as carmaker plans massive China factory Telsa is planning to build a large new plant in China, the company confirmed on Tuesday. Bloomberg first reported on Tesla’s plan to build a factory that will have a capacity to make 500,000 vehicles per year. Telsa is planning to build a large new […]
China’s Ban on Cryptocurrency ‘Killed’ Bitcoin Trading $BTCUSD China’s central bank has hailed it’s cryptocurrency crackdown a complete success. Declared by the People’s Bank of China (PBoC) and reported by state media, data apparently shows that the Chinese currency is now involved in less than 1% of all Bitcoin trades worldwide. The Big A: How did this happen? […]
Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates Hong Kong shares ended Tuesday roughly flat on Tuesday, as China’s June inflation accelerated, showing little impact from the escalating trade frictions with the United States, which threaten to hurt Chinese exports and dampen business sentiment. The Hang Seng index was unchanged at […]
China Beats Tesla (NASDAQ:TSLA) to Europe Chinese firm CATL will build a battery factory in central Germany to supply the country’s key auto industry in its transformation toward electric cars, an investment hailed Monday by Chancellor Angela Merkel as a “new step” in Sino-European cooperation. The factory will be the only such manufacturing site in […]
During the RISE international tech conference today, the 2018 China Internet Report [www.abacusnews.com/china-internet-report/] was released exclusively on Abacus, a new media platform from the South China Morning Post (SCMP). Covering twelve industries, this hundred-page report summarizes China’s dynamic internet industry for international readers. China’s internet is now ubiquitous across the country’s industries and population, and […]
China Wealth Forum, themed “Exploring New Models of Openness and Regulation”, was inaugurated at Crowne Plaza Qingdao Ocean Spring Resort. During the two-day event, participants discussed openness and innovation in the financial sector as well as financial regulations and financial services in the real economy, providing a diversified and open market of ideas for the […]
Hong Kong: HANG SENG INDEX (.HSI) stumbled in June amid intensifying U.S.-China trade frictions Asian equity markets stumbled in June amid intensifying U.S.-China trade frictions, a development that’s also made the outlook for regional stocks less rosy than at the beginning of this year, according to strategists. Apart from the souring of risk appetite among […]
Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […]
President Trump’s $500-B Trade Threat Hammering China Investors $DIA, $SPY, $QQQ, $RUTX, $VXX Now, with 6 months of wrangling over trade tariffs with the United States has wiped out 22% and counting of China’s stock market value and driven its currency down sharply. Those moves are just the beginning on what may be coming. Shanghai’s benchmark […]
Hong Kong: HANG SENG INDEX (.HSI) markets end mostly lower as China’s tech stocks slump Markets await U.S. trade tariff deadline this week Yuan likely to consolidate at current level – trader Stocks remain under pressure China’s yuan rose sharply against the dollar on Wednesday, a day after the central bank assured markets it would […]
Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic Beijing has ramped up efforts to curb panic selling after China’s stockmarket hit new two-year lows on growing concern about US trade tariffs, a slowing economy, a weaker currency and the risk of the country’s unregulated debt spiralling out of control. Policy changes […]
Hong Kong: HANG SENG CHINA ENTERPRISES IND (.HSCE) stocks fall to near 7-month low as yuan’s slide adds to China growth fears China Enterprises index HSCE rises 0.1 pct Hong Kong shares rose slightly on Tuesday, with sentiment aided by a private survey showing China’s services sector expanded at a steady pace in May. ** […]
Shanghai: SSE Composite Index (.SSEC) fears haunting China’s markets Fears about the stability of China’s economy in light of stock and currency fluctuations has prompted a Chinese government-backed think tank to warn of “potential financial panic”, according to a leaked document that began circulating late last week. In the document, the Beijing-based National Institution for […]