Shanghai: SSE Composite Index (.SSEC) Extend Losing Streak The dollar retreated from a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell’s two-day testimony reinforced a strong economic outlook. The trade war fears between the United States and China kept the offshore yuan to 6.7650 per […]
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 […]
Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data Chinese mainland stocks started the week on a soft note, after data showed the country’s economy expanded at a slower pace in the second quarter, while the heated trade war with the US threatened to knock exports. The blue-chip CSI300 index dropped 0.59 percent […]
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 […]
Shanghai: SSE Composite Index (.SSEC) rebound from trade fears Global stock markets rose Thursday following Wall Street’s decline amid U.S.-Chinese trade tensions and oil prices recovered some of the previous day’s steep losses. In early trading, London’s FTSE 100 rose 0.4 percent to 7,625.79 and Germany’s DAX added 0.2 percent to 12,448.09. France’s CAC 40 […]
Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Trade worries between US and China fade, earnings the focus. PE Note: Some dips seen in the stock indices Thursday. Overall the indices look Bullish long term to me. DJIA 24700.45, -0.88% came off from the Psych mark at 25000, while 25000 holds, DIA could test 24500 before another run […]
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: SSE Composite Index (.SSEC) higher at close of trade; Shanghai Composite up 0.44% China stocks were higher after the close on Tuesday, as gains in the Travel & Leisure, Telecoms and Mobile sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 0.44%, while the SZSE Component index added 0.49%. The […]
Chinese Yuan (CNY=X) Poised For Further Fall As Reserves Rise The value of the Chinese Yuan has come under pressure amid rising fears of a trade war. Recent data has noted that FX reserves have increased in China, which is possibly driving speculation that the Yuan could be set for a deeper fall. FX analysts […]
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 […]
Chinese Yuan: USD/CNY (CNY=X) Focus On Chinese Yuan Now Near-term dollar weakness is being confirmed by USD/CNH returning to a lower trading range. This dynamic is being supported by China equities which started the week on a positive note, partly on relief that Donald Trump didn’t further escalate the tit-for-tat with China. In the short-term, […]
Shanghai: SSE Composite Index (.SSEC) Rebound with Biggest Gains Since 2016 Chinese large cap stocks climbed the most in two years, bouncing back from a bruising run of losses in the lead up to the imposition of U.S. tariffs last Friday. The yuan also rose after retreating for four weeks straight. Market sentiment improved on […]
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 […]
Shanghai: SSE Composite Index (.SSEC) investors cautious as a first wave of tariffs looms Asian stocks deepened their losses on Thursday, with major markets finishing the session lower as investors remained cautious the day before tariffs from the U.S. and China are due to be implemented. On the mainland, losses on the Shanghai composite slid […]
USD/CNY (CNY=X) Yuan steadies after Chinese central bank moves Today’s chart shows the USDCNY exchange rate against the monetary policy interest rate differential for China (People’s Bank of China) and the USA (US Federal Reserve). The key point with this chart is that policy rate differentials point to a weakening CNY relative to USD. Indeed, […]
SSE Composite Index (.SSEC) still under pressure China stocks were lower after the close on Wednesday, as losses in the Software & Computer Services, Retailers and Technology sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.94% to hit a new 52-week low, while the SZSE Component index lost 2.02%. The […]
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 […]
Shanghai: SSE Composite Index (.SSEC) composite index falls to lowest since March 2016 Asian stocks declined sharply in June amid higher global bond yields and mounting China-U.S. trade friction that threatened global economic growth. In the first half of 2018, the MSCI Asia-ex-Japan index fell 5.4 percent, marking its biggest drop in five years. The Asian […]
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 […]
Singapore: STI Index (.STI) Clash of the Trade Titans Japan’s Prime Minister Shinzo Abe on Sunday called for an early conclusion of a regional trade pact that ensures free and rules-based commerce in the face of an increasingly protectionist United States under President Donald Trump. At a meeting of the Regional Comprehensive Economic Partnership, or […]
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 […]
Belt & Road Global Forum The Belt and Road Global Forum held its inauguration ceremony and its first annual roundtable today at the Hong Kong Convention and Exhibition Centre (HKCEC). Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), officiated the ceremony and delivered the opening remarks. The Forum is an alliance […]
President Trump, “Remove your trade barriers or be met with more than Reciprocity by the USA” Sunday, US President Donald Trump warned other nations about their trade policies with the United States. The President’s statement comes days after he threatened to place a 20% tariff on all European automobiles entering the US and after Commerce […]
Trade Negotiations: Investors Agree, the US Will Win $DIA, $SPY, $QQQ, $RUTX, $N300, $VXX Trade disputes are good and easy to win. Chinese stocks weak American stocks stronger. That is the view from financial markets as the tariff dust-up between China and the US shows increasing signs of impacting stock prices. While broad measures of […]
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 […]
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 […]
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 […]
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, […]
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 […]
Thailand Asserts Financial Leadership in Southeast Asia Thailand is forming and leading a new Southeast Asian fund for infrastructure and development projects, Thai Prime Minister Prayuth Chan-ocha told a Summit in Bangkok Saturday to counter reliance on China and the other Asian giants. The fund, which Thailand will jointly manage with 4 countries in the […]
President Trump’s Tariffs Having Minimal Effect on US Economy $DIA, $SPY, $QQQ, $RUTX, $VXX US President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off US growth and add a similar amount to inflation, small stuff for a $19-T economy that is experiencing its 2nd longest […]
Responding to US President Donald Trump’s decision to impose tariffs on $50 billion worth of Chinese imports, Beijing has adopted a 25 percent tariff on 659 American products worth the same amount. US agricultural products, fish and automobiles worth some $34 billion worth of US goods will kick in on July 6, with another $16 […]
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) […]
President Trump ‘Suspended Indefinitely’ Major US Military Exercises with SKorea As of Thursday, the US military has indefinitely postponed major joint exercises with SKorea acting on US President Donald Trump’s pledge to halt the “provocative” military drills following his summit with NKorea’s Chairman Kim Jong Un. The move, a significant break in how the US and […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
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 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 […]
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 […]
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 […]
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 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 […]
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 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 […]
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 […]
President Trump Cancelled NKorea Summit, Door Left Open President Donald Trump has canceled his planned summit with North Korea’s Kim Jong Un, citing the “tremendous anger and open hostility” in recent statements from Pyongyang. The White House used Twitter to announce Trump’s decision to call off the 12 June meeting, releasing his letter to Kim. The […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ Looking at the major US stock market indexes in light of no US-China trade war. The Major Market Futures as of this writing S&P 500 SPC1 Jun 18 $2,728.80 +15.80 +0.58% NAS 100 Future NQC1 Jun 18 $6,923.75 +49.75 +0.72% Last Friday, the major US stock market indices were […]
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 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, […]
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 […]
Researchers, entrepreneurs, and policymakers gathered at the second World Intelligence Congress in north China’s Tianjin Municipality on Wednesday to explore the field of artificial intelligence (AI). The three-day conference, which kicked off on Wednesday, focuses on new development and policies in AI and gathers participants including tech firms like Baidu, Alibaba, JD.com, Microsoft, Huawei, and […]
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 […]
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 […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: DJIA is set up to rally PE DJIA at 24831.17, +0.37% is rising and could test 25000-25200 in here. But, 25200 may act as 1st resistance as I see it on the daily. A break above 25200 indicates more Bullishness medium term. DAX at 13001.24, -0.17% looks Bullish near […]
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 […]
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 […]
Bitcoin Moved to Test Key Support Near $9,000 $BTCUSD Thursday, after a quiet start to cryptocurrencies came under selling pressure, with market participants speculating about large blocks of cryptos being offloaded, pushing Bitcoin’s value lower. Bitcoin, the world’s #1 digital currency traded in a $200 range Thursday before giving up $220, or 2.3% quickly. Currently, […]
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 […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Japan is off it’s holidays, and back in the action. PE DJIA at 24262.51, +1.39% moved up from support at 23500, while that holds, there is room for DIA to rise to 24400 now. The overall range is within 24400-23500, and expect it to hold medium term. DAX at […]
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 […]
President Trump, “The main thing, I want to get is peace.” Monday, SKorea’s President Moon said that US President Trump should receive the Nobel for trying to end the War with Pyongyang. Tuesday in the Oval Office President Donald Trump said that SKorean President Moon Jae-in was “very nice” to say he deserved the Nobel […]
US Seeks Broad Market Openings in China $AAPL The cover of the Chinese magazine pictured states “Why Did Trump Win” Senior Trump administration officials will push China to address a wide range of trade irritants when they visit the Asian nation next week. “It’s going to cover a broad area. All of the disputes will […]
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, […]
President Trump, ‘Very Good Chance’ of a US-China Trade Deal Tuesday, US President Donald Trump said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it will welcome a visit by US Treasury Secretary Steven […]
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 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 […]
Do Not See a Trade War With China Ahead US Treasury Secretary Steven Mnuchin said on the sidelines of the International Monetary Fund (IMF) and World Bank (WB) Spring meetings in Washington that a trip to China to discuss trade is in the offing. “I am not going to make any comment on timing, nor […]
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 […]
NKorea’s Economy is the Focus Now President Kim shifts to Economy, ditches Nuclear testing President Kim Jong Un’s suspension of NKorean nuclear tests has economic focus. Kim’s statement at a ruling party meeting Friday includes a pledge to seek a “favorable” international environment for economic development so that he can put the economy “on an […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Still see more Northside coming for DJIA after a pause to refresh. PE DJIA at 24748.07,-0.16% looks like it has paused in here. But, it will likely test at 25000-25500 medium term while it holds above Key support at 24500 support. Overall medium term looks Bullish for DJIA […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Still see more Northside coming for DJIA in here. PE DJIA at 24786.63, +0.87% continued to rise as expected, while it trades above 24500 there is room to rise to 25000-25200 into the end of this week or early next. We wait, we see. DAX at 12585.57, […]
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 […]
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 […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE DJIA at 24360.14, -0.50% and DAX at 12442.40, +0.22%) saw highs above 1st resistances on daily candles Friday. A clear break of those resistances could lead to 25000 and 12800-12900 respectively. But, if […]
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 […]
F1: Ferrari (NYSE:RACE) Favored to Win Shanghai Grand Prix $RACE Ferrari’s (NYSE:RACE) Sebastian Vettel followed up his win at Melbourne with another victory at Bahrain last weekend, and he is favored to take the Chequered Flag at Shanghai this weekend. MercedesAMG’s Lewis Hamilton said that he believes it will be difficult to halt Ferrari’s winning […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE DJIA at 24189.45, -0.90% is trading below 24500 as expected and continues ranged for now with support at 23500. No major movement expected at least in the next 2-3 sessions. DAX at […]
F1: Ferrari (NYSE:RACE) Brought its A-Game to Shanghai $RACE After pre-season testing prior to the start of the 2018 F1 season, pundits said MercedesAMG was expected to run away with both the Drivers’ and Constructors’ titles for the 5th year running after they proved to be well ahead of their main rivals Ferrari (NYSE:RACE) and […]
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Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways for sometime. PE DJIA at 24408, +1.79% rose sharply to close on the highs. Sideways consolidation is likely to continue for some more sessions with a possible test to 1st support […]
F1: Ferrari’s (NYSE:RACE) Vettel Focused on Winning a Shanghai $RACE Ferrari’s (NYSE:RACE) Sebastian Vettel’s winning form may face its biggest challenge at Shanghai, where he has not won since Y 2009. Mr. Vettel was not the winner at the Shanghai International Circuit during any of his 4 championship-winning campaigns, only making the podium once in […]
President Trump Posts ‘Big Win’, Xi Aligns $SPY Tuesday, Chinese President Xi Jinping promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen deescalating trade dispute with the United States. Xi’s comments sent global stock markets higher on hopes that a trade war is averted. Xi […]
Xi’s Comments on ‘Opening Up’ China Driving Broad Rally $DIA, $SPY, $QQQ, $VXX Wall Street’s major stock indexes hit session highs Tuesday as investors concerns about rising US-China trade tension receded after Chinese President Xi Jinping promised to cut import tariffs. Fully 10 of the 11 major S&P sectors were higher, with the energy index […]
Chinese President Xi Jinping unveiled new measures for expanding reform and opening up Tuesday as China marks the 40th anniversary of the policy this year, heralding “a new phase of opening up” for common prosperity of both China and the world. “China’s reform and opening up meets its people’s aspiration for development, innovation and a […]
Atlantis Sanya, the first Atlantis resort in China, will fully open to the public on April 28, 2018. The grand opening of this ocean-themed integrated entertainment destination will coincide with the festivities of Hainan Province Special Economic Zone 30th Anniversary. Located on the Haitang Bay National Coast in Hainan province, Atlantis Sanya joins the flagship […]
Escalating trade tensions between China and the US is one of the most closely followed issues during this year’s Boao Forum. Some are worried that Chinese tech companies, fintech in particular, will be hurt by Trump’s actions but Dong Qi, founder and CEO of Finup Fintech Group, does not think that the trade conflict will […]
F1: Ferrari (NYSE:RACE) Focused on Ending MercedesAMG’s Dominance $RACE Ferrari’s (NYSE:RACE) Sebastian Vettel has won the 1st 2 races of the new F1 season. Mr. Vettel’s victories has him with a 17-pt lead over MercedesAMG’s Lewis Hamilton in the Drivers’ Championship. Ferrari are also ahead of Mercedes in the Constructors’ standings, although 2 Silver Arrows on […]
President Trump, “China will take down its trade barriers” Sunday, US President Donald Trump said he sees an end to the so-called trade dispute with China, after tit-for-tat retaliatory tariffs and threats that rattled markets. “China will take down its trade barriers because it is the right thing to do,” President Trump said in a […]
Strong Economic Development Seen in the USA $DIA, $SPY, $QQQ US stocks were up and down last week, seeming driven by shifting headlines on US-China trade tensions. When in fact the market is consolidating the huge gainer since Donald Trump was elected US President. Now, is very important to distinguish between tariffs that we already […]
The Costs of a Full Blown Trade War, Should One Happen The US and China have announced tariffs on each other’s goods recently, and have threatened to impose more. Assuming they take effect, the tariffs that China has announced so far on American goods will focus on agricultural products, automobiles, aircraft and chemicals. Although exports […]
Talks Underway in Secret to Prepare for Coming US-NKorea Summit The US and NKorea are engaged in secret and direct talks to prepare for a summit between President Donald Trump and NKorean leader Kim Jong Un. Central Intelligence Agency (CIA) Director Mike Pompeo, who President Trump has tapped to be his Secretary of the State, […]
President Trump Staking US Trade Position Vs China and the World The US trade figures for February that were released this week and showed a widening deficit. President Donald Trump’s policies over the past year have been calculated to increase the size of the US trade and current account deficits. One could easily say that the […]
Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on […]
Baidu, Inc. (NASDAQ: BIDU) (“Baidu”), the leading Chinese language Internet search provider, today announced the pricing of the initial public offering by its subsidiary iQIYI, Inc. (“iQIYI”) of 125,000,000 American Depositary Shares (“ADSs”), each representing seven Class A Ordinary Shares of iQIYI, at a price of US$18.00 per ADS for a total offering size of […]
China will cut value-added tax (VAT) rates as part of a tax reduction package amounting to 400 billion yuan (about 63 billion U.S. dollars) this year. The decision was made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday. It is expected to boost high-quality development. The tax rate, starting from […]
China Horse Racing: Chengdu Dubai International Cup The 2018 edition of the Chengdu Dubai International Cup will be held on Saturday, April 7, 2018, and marks the fifth running of this highly successful partnership between Meydan Group, the Chengdu Municipal Government, the Chengdu Sports Bureau, the Wenjiang District Government and China Guangsha Group. The venue […]
The historic launch of the long-awaited trading of Chinese crude futures this week has stirred up a heated debate among analysts as to whether the new commodity product will prosper or flop. Some market analysts expressed doubts over the success of the petro-yuan, citing Beijing’s yearning for total control over trading as one of the […]
Chengdu Hi-Tech Zone On March 27th, Chengdu Hi-Tech Zone, Silicon Valley city clusters (Dublin, Mountain View, and Menlo Park), and Him Group, a management consulting company in Silicon Valley, signed a Memorandum of Understanding on cooperating to set up the “Chengdu-Silicon Valley Technology & Finance Centers” both in Chengdu Hi-tech Zone and Silicon Valley, aiming […]
The “Unicorn” has become a much chased creature in China’s investment world. In recent weeks, the country’s regulators signaled that they would fast-track new listings by “unicorn companies” — startups valued at more than 1 billion U.S. dollars — to “invigorate the country’s capital market and foster the new economy.” The Shanghai Stock Exchange, for […]