China Focused on Improving Economy

China Focused on Improving Economy

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 China and the UAE

Chinese President Xi Jinping on China and the UAE

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 Building a Free Trade Network

China Building a Free Trade Network

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

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

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 […]

China Moves for EU Deal

China Moves for EU Deal

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

Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data

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

China Horse Racing: HKJC’s Conghua Training Centre

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

China and Russia back Iran

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

China and the Trade War

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

Trade War: It’s Still Boom Time in China

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

Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks

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

China’s Trade Grows in June Despite Dust-up with US

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

British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War

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

Trade War: China Responds

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”

China Officially says, “Keep calm, do not inflame trade row with US”

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

Shanghai: China Shares Drop, Yuan Falls on New USA Tariff

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

Tesla, Inc. (NASDAQ:TSLA) rises as carmaker plans massive China factory

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

China’s Ban on Cryptocurrency ‘Killed’ Bitcoin Trading

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: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates

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

China Beats Tesla (NASDAQ:TSLA) to Europe

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 […]

2018 China Internet Report

2018 China Internet Report

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 2018

China Wealth Forum 2018

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

Hong Kong: HANG SENG INDEX (.HSI) stumbled in June amid intensifying U.S.-China trade frictions

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 […]

China Switches Focus Away from USA

China Switches Focus Away from USA

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

President Trump’s $500-B Trade Threat Hammering China Investors

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

Hong Kong: HANG SENG INDEX (.HSI) markets end mostly lower as China’s tech stocks slump

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

Shanghai: SSE Composite Index (.SSEC) China moves again to curb market panic

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

Hong Kong: HANG SENG CHINA ENTERPRISES IND (.HSCE) stocks fall to near 7-month low as yuan’s slide adds to China growth fears

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

Shanghai: SSE Composite Index (.SSEC) fears haunting China’s markets

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 […]

China Already Feeling the Pain from President Trump on Trade

China Already Feeling the Pain from President Trump on Trade

China Already Feeling the Pain from President Trump on Trade China’s manufacturing activity decelerated in June as US-Chinese trade tensions added to concern the economy is cooling due to tighter government controls on lending, a survey showed Saturday. The National Statistics Bureau’s (NBS) purchasing managers’ index declined to 51.5 from May’s 51.9 on a 100-point […]

China Reacts to Trade War

China Reacts to Trade War

China has announced sectors of the economy where it will ease foreign investment rules, with leaders stepping up efforts to portray the country as opening up as they prepare for a possible trade war with the United States. The new “negative list” outlines key reforms in the financial sector while dropping restrictions in areas including […]

Dow Jones Industrial Average (.DJI) renewed U.S.-China trade jitters

Dow Jones Industrial Average (.DJI) renewed U.S.-China trade jitters

Dow Jones Industrial Average (.DJI) renewed U.S.-China trade jitters U.S. stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session. At the market open, stocks rose as President Donald Trump said he will use a strengthened national security review panel — […]

Hong Kong: HANG SENG INDEX (.HSI) stocks fall to near 7-month low as yuan’s slide adds to China growth fears

Hong Kong: HANG SENG INDEX (.HSI) stocks fall to near 7-month low as yuan’s slide adds to China growth fears

Hong Kong: HANG SENG INDEX (.HSI) stocks fall to near 7-month low as yuan’s slide adds to China growth fears Hang Seng index ends down 1.8 percent China Enterprises index HSCE falls 2.2 percent HSI financial sector sub-index 1.9 pct lower; property down 2.3 pct Hong Kong stocks slid to nearly a seven-month low on […]

Shanghai: SSE Composite Index (.SSEC) China, Hong Kong stocks track global sell-off amid trade fears

Shanghai:  SSE Composite Index (.SSEC) China, Hong Kong stocks track global sell-off amid trade fears

Shanghai: SSE Composite Index (.SSEC) China, Hong Kong stocks track global sell-off amid trade fears SSEC -0.8 pct, CSI300 -1.1 pct, HSI -0.2 pct HK Shanghai Connect daily quota used 1.9 pct, Shanghai->HK daily quota used -0.3 pct FTSE China A50 -1.7 pct, BNY Mellon ADR China Select Index -3.9 pct China and Hong Kong […]

Trade War: China Opens as America Closes

Trade War: China Opens as America Closes

Trade War: China Opens as America Closes When one door closes, another one opens, that is what is happening now in Asia China has taken solid steps in promoting its opening-up by lowering import tariffs and easing market access, while new measures on intellectual property protection and a new negative list for market access of […]

Alphabet Inc. (NASDAQ:GOOG) Surprises lurk in Trump’s China tariff list

Alphabet Inc. (NASDAQ:GOOG) Surprises lurk in Trump’s China tariff list

Alphabet Inc. (NASDAQ:GOOG) Surprises lurk in Trump’s China tariff list Nest thermostat set to be caught in U.S.-China trade war Music equipment and vaping devices also on target list U.S. moves aim to hit intermediate goods, spare direct rises Almost all consumers will be affected if tariffs escalate U.S. President Donald Trump’s tariffs on Chinese […]

Shanghai: SSE Composite Index (.SSEC) China stocks reverse gains to end lower; real estate, airline shares slump

Shanghai: SSE Composite Index (.SSEC) China stocks reverse gains to end lower; real estate, airline shares slump

Shanghai: SSE Composite Index (.SSEC) China stocks reverse gains to end lower; real estate, airline shares slump Shanghai stocks lower, blue-chip CSI300 index down Gains in Shanghai stocks led by Shandong Daye and losses by NINGBO BIRD China’s A-shares at 20.21 percent premium over H-shares China stocks gave up early gains to close lower on […]

Hong Kong: HANG SENG INDEX (.HSI) in bear’s grasp, if China ETF any indication

Hong Kong: HANG SENG INDEX (.HSI) in bear’s grasp, if China ETF any indication

Hong Kong: HANG SENG INDEX (.HSI) in bear’s grasp, if China ETF any indication Chinese stocks are in a bear market if the iShares China Large-Cap ETF FXI.P is any indication The ETF, which was down 2.2 pct at $43.21 Mon afternoon, fell to as low as $42.87, following an escalating trade dispute between the […]

Meituan-Dianping Massive China IPO

Meituan-Dianping Massive China IPO

Meituan-Dianping Massive China IPO Meituan-Dianping is a Chinese group buying website for locally found consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. CEO: Wang Xing (Nov 10, 2015–) Founder: Wang Xing Revenue: 6.42 billion USD Headquarters: Beijing, China No. of locations: 1000+ Subsidiaries: Mobike, […]

Hong Kong Horses Making the Move to China

Hong Kong Horses Making the Move to China

Following the two successful shipments of a total of 35 Racing Development Board (RDB) horses from Hong Kong to the Conghua Training Centre (CTC) on 12 June (Tuesday) and 14 June (Thursday), all horses have been settling extremely well in the Club’s state-of-the-art training centre. Mr. William A Nader, Director of Racing Business and Operations, […]

China to Help Small Business

China to Help Small Business

China to Help Small Business The Chinese government will roll out a series of incentives to make financing more accessible and affordable for small and micro businesses to promote cost-cutting in the real economy, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. It was pointed out at the meeting that […]

North Korea China Talks

North Korea China Talks

China will link easing or removing sanctions on North Korea with progress in denuclearization, a Chinese government official said Wednesday, as the North’s leader Kim Jong-un made another visit to Beijing this week. In their talks Tuesday, Kim and President Xi Jinping focused on improving bilateral relations and ridding the Korean Peninsula of nuclear weapons, […]

China Investment in USA on Hold

China Investment in USA on Hold

The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies. Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in […]

Alphabet Inc. (NASDAQ:GOOG) Buys a Way Into China

Alphabet Inc. (NASDAQ:GOOG) Buys a Way Into China

Alphabet Inc. (NASDAQ:GOOG) Buys a Way Into China Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) invested some $550 million into Chinese e-commerce giant JD.com (NASDAQ:JD), which should allow for plenty of long-term tech investment. While Alphabet’s (GOOGL) Google search engine and Play Store have been blocked in China for years now, Google has slowly been increasing its footprint in […]

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’

The Trump Effect: China’s Stock Markets Feeling ‘Extreme Pain’ $DIA, $SPY, $QQQ, $RUTX, $DJSH, $VXX Tuesday’s stock market plunge shocking Chinese investors. China’s benchmark equity gauge sank almost 5% at one point and by the close, the escalating tensions with the US pushed 1,023 stocks ‘lock limit’ down by 10% on the day, that is […]

China ‘Underestimated’ President Trump

China ‘Underestimated’ President Trump

China ‘Underestimated’ President Trump The Top White House trade adviser, Peter Navarro, says Beijing “may have underestimated the resolve of President Donald J. Trump” by refusing to meet US demands on trade and by threatening to retaliate against American trade sanctions. Mr. Navarro, known for his hard-line approach to China, still says the US is […]

Dow Jones Industrial Average (.DJI) fall more than 220 points after Trump ramps up tariff threats against China

Dow Jones Industrial Average (.DJI) fall more than 220 points after Trump ramps up tariff threats against China

Dow Jones Industrial Average (.DJI) fall more than 220 points after Trump ramps up tariff threats against China U.S. futures fell on Monday after U.S. President Donald Trump requested for $200 billion in Chinese goods be identified for potential additional tariffs. The implied open for the Dow Jones industrial average was more than 220 points […]

President Trump to China, “$200-B US Tariffs Coming”

President Trump to China, “$200-B US Tariffs Coming”

President Trump to China, “$200-B US Tariffs Coming US Vs China, bet on the US. Monday, US President Donald Trump told China that he is ready to impose a 10% tariff on $200-B of Chinese goods.In his statement, President Trump said he had asked the US trade representative to identify the Chinese products to be […]

US Economy Can Absorb Hit From China Tensions

US Economy Can Absorb Hit From China Tensions

US Economy Can Absorb Hit From China Tensions $DIA, $SPY, $QQQ, $RUTX, $VXX Now is the right time to pressure China on its trade policies because the US economy is strong enough to absorb uncertainty arising from bi-lateral tensions, White House Council of Economic Advisers Chairman Kevin Hassett said Monday. Mr. Hassett spoke after President […]

ASEAN to Grow as China Boosts Imports

ASEAN to Grow as China Boosts Imports

ASEAN to Grow as China Boosts Imports China has reassured the world that its stance on encouraging imports will not change, a major development strategy that will not only help domestic industrial upgrades but also stimulate global economic growth. A slew of incentives will be taken to further boost imports, the State Council, China’s cabinet, […]

China Economic Update

China Economic Update

While China’s May economic data suggested overall economic resilience, a glimpse into the physical indicators may provide more details of the positive changes taking place in the economic picture. Growth in energy consumption, freight traffic, and producer prices all picked up last month, pointing to a firming real economy and progress in structural transformation. In […]

China Real Estate: Prices Under Control

China Real Estate: Prices Under Control

Home prices in major Chinese cities largely remained stable in May as local governments toughened up restrictions to prevent speculation, official data showed Friday. On a yearly basis, new residential housing prices in four first-tier cities declined 0.6 percent from a year ago last month, the fourth straight decline, the National Bureau of Statistics (NBS) […]

Trump Wins Again: China to Buy More

Trump Wins Again: China to Buy More

China will take a slew of incentives to further boost imports so as to drive domestic industrial upgrading and better meet the increasingly diversified consumption demands of people, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday. These measures are expected to advance China’s win-win strategy of opening up. […]

China and ASEAN Move Closer

China and ASEAN Move Closer

China and the Association of Southeast Asian Nations (ASEAN) will expand cooperation in various fields and forge a closer community with a shared future, said Chinese State Councilor and Foreign Minister Wang Yi on Tuesday. He made the remarks while holding talks with Secretary-General of ASEAN Lim Jock Hoi in Beijing. China and ASEAN would […]

Expect China to Grow Faster

Expect China to Grow Faster

China should speed up economic upgrade and push industrial transfers in a reasonable and orderly manner, Chinese Premier Li Keqiang has stressed. Good business environment, rather than favorable policies, should be the key to win businesses in industrial transfers, Li said during a two-day inspection trip to central China’s Hunan Province, which ended Tuesday. He […]

SSE Composite Index (.SSEC) China Stocks Close Higher

SSE Composite Index (.SSEC) China Stocks Close Higher

SSE Composite Index (.SSEC) China Stocks Close Higher China stocks were higher after the close on Tuesday, as gains in the Telecoms, Mobile and Travel & Leisure sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 0.91%, while the SZSE Component index added 1.38%. The best performers of the session on […]

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged Chinese banks extended 1.15 trillion yuan (about 179.7 billion U.S. dollars) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in April, central bank data showed Tuesday. The figure was 40.5 billion yuan more than the same period last year, the People’s […]

China Leads the Way Developing Global Trade

China Leads the Way Developing Global Trade

Officials from around the world have been speaking highly of Chinese President Xi Jinping’s keynote speech delivered Sunday at the Shanghai Cooperation Organization (SCO) summit in the eastern Chinese seaside city of Qingdao. In the speech, Xi called on countries involved in the regional bloc to work closely to build an SCO community with a […]

China Russia Trade to hit $100b

China Russia Trade to hit $100b

Trade between Moscow and Beijing has grown 31 percent this year and is projected to reach the $100 billion target, said Russian President Vladimir Putin during a meeting with China’s President Xi Jinping in Beijing. Energy is the key sector of cooperation between the two countries, according to Putin. “Russia remains the largest supplier of […]

China and Russia Creating a Trade Powerhouse

China and Russia Creating a Trade Powerhouse

President Xi Jinping and his Russian counterpart Vladimir Putin on Friday agreed to promote greater development of China-Russia relations at a high level. The two leaders reached the consensus during talks in Beijing. Putin is on a state visit to China, and he will also attend the 18th Shanghai Cooperation Organization (SCO) summit in the […]

China: RMB to Dominate USD

China: RMB to Dominate USD

China is ramping up efforts to promote yuan as a global currency. After the crackdown on outflows and devaluation in 2015, the renminbi is once again gaining momentum. The record share of yuan in global trade was at 2.8 percent three years ago, according to Bloomberg. Its share shrank to 1.7 percent in April, but […]

Trade War: China takes on the EU

Trade War: China takes on the EU

China voiced regret over the European Union’s decision to lodge an intellectual property rights complaint at the World Trade Organization, just as Beijing is embroiled in a similar dispute with Washington. The EU brought the challenge to the WTO on Friday, accusing Beijing of unfairly requiring foreign firms to hand over their technology to Chinese […]

China Warns US on Protectionism

China Warns US on Protectionism

China warned the US that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing tariffs on Chinese goods, as the latest round of negotiations ended on Sunday in Beijing. The third round of trade talks between the world’s two largest economies appeared to fall short of bridging the […]

Putin Heading to China

Putin Heading to China

Russian President Vladimir Putin’s upcoming state visit to China is of great significance to the planning of the next-phase growth of China-Russia relations, said China’s top diplomat Wang Yi on Sunday. Chinese State Councilor and Foreign Minister Wang Yi made the remarks while meeting with Russian Foreign Minister Sergei Lavrov on the sidelines of the […]

Majority Ownership Key to US in Trade Talks With China

Majority Ownership Key to US in Trade Talks With China

Majority Ownership Key to US in Trade Talks With China The United States hopes to convince China into letting American investors hold a majority stake in Chinese ventures, Larry Kudlow, President Donald Trump’s top economic adviser, said Thursday. The demand will be part of formal trade talks between the US and China to begin Saturday […]

China to Open More Markets

China to Open More Markets

China will further cut import tariffs for daily consumer goods starting July 1, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday. The average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced from 15.9 percent to 7.1 percent, and that for […]

Stocks Run as Possible US-China Trade War Put ‘On Hold’

Stocks Run as Possible US-China Trade War Put ‘On Hold’

Stocks Run as Possible US-China Trade War Put ‘On Hold’ $DIA, $SPY, $QQQ, $RUTX The small-cap Russell 2000 (+0.7%) advanced to a new record high for the 4th session running. US stocks spiked Monday after the US and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also […]

Markets Love the USA China Deal

Markets Love the USA China Deal

Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of tension that have sent financial markets into […]

US-China Tariff ‘Threats’ Have Ended, No Trade War Looming

US-China Tariff ‘Threats’ Have Ended, No Trade War Looming

US-China Tariff ‘Threats’ Have Ended, No Trade War Looming The US trade war with China is “on hold” after the world’s 2 largest economies agreed to drop their tariff threats while they work on a wider trade agreement, US Treasury Secretary Steven Mnuchin said Sunday. Secretary Mnuchin and US President Donald Trump’s top economic adviser, […]

There is No USA China Trade War

There is No USA China Trade War

Chinese President Xi Jinping’s special envoy and Vice Premier Liu He said here Saturday that China and the United States have reached consensuses on economic and trade issues, pledging not to engage in a trade war. Liu arrived in Washington on Tuesday afternoon for economic and trade consultations with the U.S. side at the invitation […]

China Buying Major Soybean Tonnage from Russia 

China Buying Major Soybean Tonnage from Russia 

China Buying Major Soybean Tonnage from Russia $SOY China, the world’s biggest Soybean importer, almost 3X’s purchases from Russia during this current  trade dispute with the US, the world’s biggest producer of the Oil seed. Russia sold about 850,000 tonnes of Soybeans to China in MY 2016-2017, according to Russia’s agriculture agency. That is more […]

Philippines Develops Close Ties to China

Philippines Develops Close Ties to China

Philippines Develops Close Ties to China Chinese leader Xi Jinping once offered Rodrigo Duterte personal assurances his country “won’t go to the dogs,” the Philippines president said, noting that the former colony won’t become Washington’s “vassal” ever again. “’We will be there if you need us,’” Duterte said on Tuesday, recalling a conversation with the […]

Singapore: China Taisan Technology Group Holdings Ltd (CTTG:SI) Stock Technicals

Singapore: China Taisan Technology Group Holdings Ltd (CTTG:SI) Stock Technicals

Singapore: China Taisan Technology Group Holdings Ltd (CTTG:SI) Stock Technicals Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.05. The projected lower bound is: 0.02. The projected closing price is: 0.04. Candlesticks A big white candle occurred. This is generally considered […]

China’s Industrial Growth Tops Analysts Expectations

China’s Industrial Growth Tops Analysts Expectations

China’s Industrial Growth Tops Analysts Expectations China’s industrial output grew 7.0% in April from a year earlier, much more than expected, but fixed-asset investment growth slowed to 7.0% in the 1st 4 months, below forecasts, official data showed Tuesday. Analysts polled by Reuters had predicted industrial output growth would rise to 6.3%, bouncing back from […]

China Will Dominate Trade in Europe as Rail Link Opens

China Will Dominate Trade in Europe as Rail Link Opens

After travelling 16 days and covering a distance of 11,000 km, the first China-Belgium freight train from China’s Tangshan port has arrived in the Belgian port of Antwerp. The train with 41 containers which left Tangshan on April 26, was officially welcomed on Saturday in Antwerp. The direct railway link between China and Belgium is […]

One Belt, One Road: China is Changing the World

One Belt, One Road: China is Changing the World

The ambitious multi-trillion-dollar Belt and Road Initiative (BRI) by China could become a great opportunity for the Gulf nations, according to Bahrain’s Minister for Transportation and Telecommunications Kamal bin Ahmed Mohammed. The Gulf region, which is a central location of the BRI, is a prime market for China and vice versa, he told the Gateway […]

China Reforms Continue

China Reforms Continue

Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC), called for coordinated efforts and orderly progress in the planning and implementation of institutional reform at the central and local levels to ensure complete victory in the area. Xi, also Chinese President, Chairman of the Central Military Commission, and head […]

US Has an “Agreement in Principle” with China to Reduce Trade Deficit

US Has an “Agreement in Principle” with China to Reduce Trade Deficit

US Has an “Agreement in Principle” with China to Reduce Trade Deficit Thursday, US Commerce Secretary Wilbur Ross said that China looks to be open to reducing its trade deficit with the US by as much as $200-B within 2years, along with other White House demands. “I think they agreed to the concept of a […]

North Korea Moves Closer to China

North Korea Moves Closer to China

Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, met Kim Jong Un, chairman of the Workers’ Party of Korea (WPK) and chairman of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK), in Dalian, northeast China’s Liaoning Province, on May 7-8. Wang […]

China Still Out-Trades USA

China Still Out-Trades USA

China’s surplus with the United States widened in April, underlining an imbalance between the economic titans as they struggle to reach an agreement on averting a potentially damaging trade war. The figures Tuesday will likely reinforce Washington’s determination after high-level talks in Beijing last week ended with both sides admitting there were big differences to […]

China and Indonesia Deal Helps ASEAN

China and Indonesia Deal Helps ASEAN

China and Indonesia Deal Helps ASEAN Ahead of Chinese Premier Li Keqiang’s official visit to Indonesia next week, experts said stable ties between the two major developing economies will also enhance China’s cooperation with the Association of Southeast Asian Nations (ASEAN). In recent years, China and Indonesia have seen frequent high-level exchanges, enhancing political mutual […]

Owners China Horse Club and Winstar Farm Celebrate Kentucky Derby Success

Owners China Horse Club and Winstar Farm Celebrate Kentucky Derby Success

Kentucky Derby Post-Race News Conference Transcript JOHN ASHER: Ladies and gentlemen, we will go through the list at the podium. Mike Smith, again, two‑time Kentucky Derby winner. (Applause) Bob Baffert, the Kentucky Derby‑winning trainer. (Applause) I’m going to go to Elliott and make sure I get everybody right in this group here as we go […]

As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi

As Trade Talks With China Open, President Trump Praises President Xi Thursday, US President Donald Trump praised his relationship with Chinese President Xi Jinping as officials from the world’s 2 largest economies began trade talks in Beijing. A deal to fundamentally change China’s economic policies is viewed possible during the 2 days of talks, though […]

A New Round of Growth is Coming to China

A New Round of Growth is Coming to China

China has moved to support the issuance of rental properties-backed securities to help finance a burgeoning rental housing market, a crucial part of its planned policy package that aims to stabilize the real estate sector. The real estate investment trust (REIT), a means of property asset securitization, will be piloted for developers to raise funds, […]

Tax Cuts Power Up Economy in China

Tax Cuts Power Up Economy in China

China will make further tax cuts worth over 60 billion yuan (about 9.5 billion U.S. dollars) to drive innovation and entrepreneurship and boost the development of small and micro businesses, a State Council executive meeting presided over by Premier Li Keqiang decided on Wednesday. The move aims to reduce the cost for innovation and entrepreneurship, […]

US Treasury Secretary Mnuchin to Travel to China for Trade Talks Next Week

US Treasury Secretary Mnuchin to Travel to China for Trade Talks Next Week

US Treasury Secretary Mnuchin to Travel to China for Trade Talks Next Week Treasury Secretary Steven Mnuchin will head to China next week to settle any trade disputes after The Trump Administration levied steep tariffs on China over its steel and aluminum exports to the US. “I think we’ve got a very good chance of […]

China on a Growth Path

China on a Growth Path

China has seen a good start to its high-quality development, the Political Bureau of the Communist Party of China (CPC) Central Committee said Monday. The Chinese economy has maintained its steady growth momentum in the first quarter of this year, as major economic indicators pointed to stronger domestic demand and good coordination between the growth […]

China Trade Truce in the Making

China Trade Truce in the Making

China Trade Truce in the Making The words in the air are that US Treasury Secretary Steven Mnuchin is considering a trip to China to moderate/mitigate a trade dispute with Beijing. Secretary Mnuchin said he is “cautiously optimistic” of reaching an agreement with China that bridges their differences on trade. “A trip is under consideration.” Secretary […]

China Keeps Investing at a Global Level

China Keeps Investing at a Global Level

China’s non-financial outbound direct investment (ODI) continued to see double-digit growth in the first quarter of the year, official data showed Monday. Domestic investors made 25.5 billion U.S. dollars of non-financial ODI in 2,023 overseas enterprises in 140 countries and regions for January-March, the Ministry of Commerce (MOC) said. The figure was up 24.1 percent […]

Private Business Powers China

Private Business Powers China

The private sector has played a significant part in the long-term rapid development of the Chinese economy, the statistics authority has said. The number of private industrial businesses with annual turnover over 20 million yuan (3.18 million U.S. dollars) stood at 222,000 in 2017, up 17.5 percent from five years ago and accounting for 57.7 […]

People are Asking, “Is there more trade pressure coming against China?”

People are Asking, “Is there more trade pressure coming against China?”

People are Asking, “Is there more trade pressure coming against China?” Clearly, US President Trump believes that his Administration’s trade threats against China are working and now there is talk of plans to focus on new tariffs and possible blocks to Chinese tech investment in the US. According to an article Thursday in the WS-J, siting […]

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