China is ready to work with the United States to bring bilateral relations back on the right track, State Councilor and Foreign Minister Wang Yi said Sunday. Making the remarks at a press conference, Wang said the two sides should follow through on the outcomes of the phone conversation between Chinese President Xi Jinping and […]
China has set a sound growth target for 2021, leaving room for policymakers to carry out arduous reforms to tackle bottlenecks constraining sustainable development. “A target of over 6 percent (of economic growth) will enable all of us to devote full energy to promoting reform, innovation, and high-quality development,” Premier Li Keqiang said in the […]
More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday. The size of China’s exclusive billionaire’s club has almost doubled in the past five years as the world’s number two economy […]
Manufacturing activities outpaced expectations Manufacturing PMI was 50.6 in February and fell from 51.3 in January, but is still expanding. This signals some factory workers were still working during the Chinese New Year, where manufacturing activities sub PMI was 51.3 in the month, having fallen from 53.5 in the previous month. This should be the […]
When a plane carrying Thailand’s first batch of COVID-19 vaccines from China’s Sinovac landed at an airport here on Wednesday, people waiting on the tarmac cheered and applauded. “Thank you to the People’s Republic of China for delivering the first batch of vaccines this month and the following batches in the subsequent months,” said Thai […]
The Dutch House of Representatives recently passed a Xinjiang-related motion, after a similar move from the House of Commons of Canada — a smear campaign and gross interference with China’s internal affairs. The so-called “genocide” declared in the motion, the slander against China over affairs involving Xinjiang Uygur Autonomous Region, simply cannot be pinned to […]
Chinese telecoms giant Huawei is enjoying an extended honeymoon with oil-rich Gulf nations, despite being criticised in the United States and Europe as a potential security threat. Arab Gulf countries — strategic partners of Washington that are seeking to diversify their economies — are investing heavily in the sector as their appetite for technology grows. […]
Hong Kong hiked stamp duty on stock trades Wednesday in a step towards increased taxes, more regulation and an end to the business friendly city a record budget deficit, sending the local equity market tumbling. The business-friendly financial hub, which prides itself on low taxes and no capital gains tax, has been battered for two […]
Chinese State Councilor and Foreign Minister Wang Yi on Monday called on U.S. policymakers to abandon biases, give up unwarranted suspicions, and move to bring the China policy back to reason to ensure a healthy and steady development of China-U.S. relations. Wang made the remarks when delivering a speech at the opening of the Lanting […]
China’s consumer inflation eased while factory-gate prices rebounded in January, official data showed Wednesday. The country’s consumer price index (CPI), a main gauge of inflation, declined 0.3 percent year on year in January, compared with a 0.2-percent increase in December last year, the National Bureau of Statistics (NBS) said. Food prices increased 1.6 percent year […]
China’s securities regulator on Friday approved merging the Shenzhen Stock Exchange’s main board with the SME (small and medium-sized enterprises) board. The merger will follow the general principles of unifying business rules and unifying operation supervision modes, with issuance and listing conditions, investor thresholds, trading mechanisms, and stock codes and abbreviations remaining unchanged, said Pi […]
Factory activity in China slowed slightly in January, official data showed Sunday, as the country rushed to stamp out a recent coronavirus wave in northern China. The purchasing managers’ index (PMI), a key gauge of manufacturing activity, came in at 51.3 this month, as the world’s second-largest economy tightened Covid-19 precautions ahead of the Lunar […]
China recorded a steady increase in major industrial profits last year as market demand improved amid sustained economic recovery, according to the National Bureau of Statistics (NBS) on Wednesday. In 2020, the profits of major industrial firms with an annual business turnover of at least 20 million yuan (about 3.09 million U.S. dollars) rose 4.1 […]
#China #US #confident Mr. Biden now faces a very confident and determined Chinese leadership that could be further emboldened by his domestic troubles. But, will produce investment opportunities in the ‘middle kingdom‘. All of the chaos in the US gives China’s ruling Communist Party a boost as it pursues its long-running quest for national rejuvenation […]
China’s per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics. During the last 10 years, […]
China will surpass the United States to become the world’s largest Internet of Things (IoT) market in 2024, according to an industrial report. The global IoT market is expected to reach a value of USD 1256.1 billion by 2025 from USD 690 billion in 2019 at a CAGR of 10.53%, during the period 2020-2025. … […]
Reducing tariffs on China by even a “moderate” amount would benefit the US economy, according to a study by a business council and an economics firm. The report released Thursday came as the United States awaits the inauguration of President-elect Joe Biden on Wednesday, who is expected to detail his trade policy the following day. […]
PMI 1. Manufacturing Purchasing Managers Index In December 2020, China’s Manufacturing Purchasing Managers Index (PMI) was 51.9 percent, down by 0.2 percentage point from last month, which was above the threshold for ten consecutive months, indicating that the manufacturing industry continued to recovery steadily. In terms of enterprise scale, the PMI of large enterprises was […]
The year of 2021 will be critical for the whole world that is struggling to end the COVID-19 pandemic and committed to addressing its long-term impacts. The pandemic has taken a heavy toll on the world economy, disrupted globalization, amplified unilateralism and accelerated a crisis in international cooperation. To tackle those challenges will not be […]
#Alibaba #Tencent #PresidentTrump $BABA $TCEHY Shares in China’s two biggest companies Alibaba and Tencent tumbled in Hong Kong Thursday in response to the media reports that the Trump administration plans to press ahead with a ban on Americans investing in them. e-Commerce titan Alibaba sank more than four percent and internet powerhouse Tencent shed 3.3% […]
China’s central bank outlined key policies and tasks for 2021 during an annual work conference held in Beijing. The People’s Bank of China (PBOC) said Wednesday in an online statement released after the meeting that it would adhere to the general principle of pursuing progress while ensuring stability, and offer effective financial support in accelerating […]
China Thrives on Tax Cuts The epidemic-induced lockdowns loomed over China’s economy in the first half of 2020, but with quick emergency response and government-aided stimulus package, the country’s economy roared back. Massive tax cuts and increased government spending have helped the economy recover faster. The market is also closely watching over the country’s fiscal […]
China’s delayed carbon trading system will start operating in February, the environment ministry has said, as the world’s biggest polluter takes steps towards decarbonising its economy by 2060. The ministry issued rules on Tuesday allowing provincial governments to set pollution caps for big power businesses for the first time. Firms can buy the right to […]
#PresidentTrump #SecretaryMnuchin #NYSE #ChinaStocks #delisting $DIA $SPY $QQQ $RUTX $ICE $VXX Late Tuesday, the NYSE said it is now reconsidering proceeding in delisting 3 major Chinese telecoms after Treasury Secretary Steven Mnuchin criticized its decision 18 hrs ago to grant the companies a reprieve. The NYSE’s pivot follows 18 hrs in which the exchange caught […]
Since China made the development of the Yangtze River Economic Belt a national strategy, the country has shown firm determination in enhancing the ecological protection of its “mother river” and facilitating green, sustainable and high-quality development. The sprawling economic belt covers 11 provinces and municipalities from west to east, with Sichuan, Guizhou, Yunnan and Chongqing […]
China’s foreign trade, with its “dark horse” performance in 2020 amid a pandemic-induced global recession, is expected to further stabilize in 2021, Reuters said in a recent analysis. Quoting several economic experts, the British news outlet wrote in its Chinese online edition that China’s foreign trade is expected to sustain due to an early recovery […]
China and the European Union (EU) on Wednesday announced they have completed investment agreement negotiations as scheduled. The long-awaited result, which came after 35 rounds of negotiations in the course of seven years, is a milestone in EU-China relations and is expected to inject new vitality into the pandemic-battered global economy, European experts, officials and […]
The United States’ act of abusing national security to suppress Chinese enterprises is inconsistent with market rules and will weaken the confidence of all parties in the U.S. capital market, a spokesperson for China’s Ministry of Commerce said Saturday. The spokesperson made the remarks in response to the New York Stock Exchange’s announcement Thursday to […]
Chinese President Xi Jinping said Thursday that he stands ready to maintain close contact with his Russian counterpart, Vladimir Putin, in various forms in a bid to lead their countries towards deeper comprehensive strategic coordination and practical cooperation in various fields. Xi made the remarks when exchanging New Year congratulations with Putin, adding that in […]
2021, a year that marks the beginning of China’s new five-year plan period and the 100th founding anniversary of the Communist Party of China (CPC), is knocking at the door. What are Chinese President Xi Jinping’s expectations for 2021, especially after the country’s hard-won achievements in 2020? Clues can be found in his New Year address. 2021: ‘Striving […]
The European Union and China on Wednesday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record. EU chiefs Ursula von der Leyen and Charles Michel agreed with China’s President Xi Jinping to wrap up seven years of painstaking negotiations during a video conference […]
— China’s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure. — Unlike non-bank payment platforms that require users to link bank accounts, a digital wallet could be opened with any unique personal identification such as a driver’s license […]
An innovation center and Beijing Future Design Park were inaugurated on Thursday in Beijing’s Zhangjiawan Design Town, as part of the city’s efforts to create a highland for cultural creativity and design services in its sub center. Now the innovation center is home to 106 companies in the fields of innovative design and urban technology […]
China’s drive to open its futures markets to the outside world has gathered pace with an ultimate goal to serve the real economy amid the country’s efforts to seek high-quality development. China currently has seven kinds of commodity futures and options open to direct participation by international investors, after overseas investors were allowed to participate […]
European businesses in China are hopeful of an EU-China investment deal by end of the year, the head of the European Chamber of Commerce in China said on Saturday, although Beijing has declined to commit to a deadline. The China-EU Comprehensive Agreement on Investment has been in the works for seven years, and is expected […]
#PresidentTrump #Legacy One of the 1st things President Donald J. Trump when he moved into the Oval Office in Y 2017 was hang a heroic portrait of Andrew Jackson, the populist President who fought duels, hated the press, accused economic elites of corruption, and became a folk hero to the American working class American historians […]
#PresidentTrump #Republicans #Democrats #Chinese #stocks $BABA $PDD $PTR Friday, President Trump signed legislation that will kick Chinese companies off US stock exchanges unless they adhere to American auditing standards. The Holding Foreign Companies Accountable Act (The Act) bars securities of foreign companies from being listed on any US exchange if they have failed to comply with the US […]
Fifteen countries will on Sunday sign a sprawling Asian trade deal they hope will help them bounce back from the pandemic and which is seen as a huge coup for China in extending its influence. The Regional Comprehensive Economic Partnership (RCEP) — which includes 10 Southeast Asian economies along with China, Japan, South Korea, New […]
#China #Technology #investors #SellOff $DIA $SPY $QQQ $RUTX $VXX China has cast doubt on the future of its biggest internet companies and ignited a $290-B equity selloff. Investors are now gaming out how bad it might get for Alibaba Group Holding Ltd., Tencent Holdings Ltd. and other Chinese internet giants as Xi Jinping’s government prepares […]
#PresidentTrump #ChineseFirms #investments #crackdown Update: President Trump Thursday signed an executive order to block investment in Chinese businesses that the administration says benefit China’s military. The order prohibits such investments beginning 11 January 2021, but allows divestment from investments that include the Chinese securities through 11 November 2021. The Trump Administration is finalizing an executive order to prohibit US investments in […]
#joebiden #election #china If you are looking where to invest in the likely event Joe Biden is given the US Election via some very sketchy mail in voting, you don’t need to look past his employer. China is the big winner in this years US Election, the trade war will end, Chinese stocks will be […]
#AnthonyFauci #NIAID #NIH #WHO #WID #CCP #PLA #globalist #ChinaVirus #Democrat $GILD A report new reveals Dr. Anthony Fauci’s ties to the Chinese Communist Party (CCP) and globalists who have profited from The China Act of War Virus chaos measures promoted by him as the leader of the US Coronavirus Task Force Dr. Fauci, 79 anni, […]
#JoeBiden #CrimeFamily #debate #election ‘Ah come on‘ Joe Biden, 77 anni, shows no enthusiasm, makes lots of gaffes, smirks, and does not have the energy to be President. It is smart for him to hide much of what he intends to do as he did in Thursday night’s debate. And the MSM is not going to […]
#PresidentTrump #BidenCrimeFamily #JoeBiden #HunterBiden $FB $TWTR “Do we have 2 systems of justice, 1 for Democrats and 1 for Republicans?” — Paul Ebeling President Trump called out The Biden Family as corrupt and criminal and said it is only because US Attorney General Bill Barr is nice’ that his Democratic rival was not “locked up […]
China’s economy grew 4.9 percent on-year in the third quarter, sustaining its rebound from bruising virus lockdowns and moving closer to pre-pandemic levels, official data showed Monday. But the world’s second-largest economy grew slightly below expectations in the July-September period, National Bureau of Statistics (NBS) data showed, which warned of uncertainty ahead as “the international […]
As many business leaders look to close the skills gap and cultivate a sustainable workforce amid COVID-19, a new IBM Institute for Business Value (IBV) study reveals less than 4 in 10 human resources (HR) executives surveyed report they have the skills needed to achieve their enterprise strategy. Pre-pandemic IBM (NYSE: IBM) research in 2018 found as […]
China’s economic recovery gathered pace in the third quarter, according to an AFP poll of analysts, with consumer spending gradually picking up as coronavirus fears eased, helping a wider rebound spurred by investment and exports. Growth in July-September is expected to come in at 5.2 percent when official data is released Monday, bringing the world’s […]
$UAL #CHINA #COVID19 United Airlines today announced it will start nonstop service to China four-times weekly between San Francisco and Shanghai’s Pudong International Airport. Beginning Oct. 21, 2020, United will operate four weekly nonstop flights with Boeing 777-300ER aircraft from San Francisco to Shanghai on Wednesdays, Fridays, Saturdays and Sundays. Customers traveling from Shanghai will […]
#PresidentTrump #policies #economic #growth #security #liberty #vote #China The President’s primary responsibilities are to protect national security and enable prosperity. His record and Slow Joe Biden’s superficial vision make Donald Trump the better choice. China is more than an economic rival. China’s authoritarian approaches to economics and personal liberty permitted better containment of C-19 coronavirus […]
#CHINA #TIKTOK #HUAWEI China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as retaliation to US penalties against Chinese companies such as telecom giant Huawei. An announcement by the Ministry of Commerce did not mention any specific foreign entities, but broadly spelled out the factors that […]
Top Chinese and US negotiators spoke on the phone Tuesday and agreed to “push forward” their phase one economic deal, amid soaring tensions between the two sides on several fronts. The US and China signed the accord in January, bringing a partial truce in their lingering trade war and obliging Beijing to import an additional […]
#PresidentTrump #China #trade Thursday, White House economic adviser Larry Kudlow said The Trump Administration is satisfied with China’s progress in meeting commitments to purchase US goods in a Phase 1 trade deal, signaling that the pact will survive an initial review Saturday. China “is now really picking their imports of our commodities — which is a […]
Tensions between the United States and China have been rising over a range of issues from the handling of the coronavirus to national security, Hong Kong and trade. Washington ordered the closure of the Chinese consulate in Houston last month — accusing it of being a centre for spies — and China hit back by […]
London-based HSBC bank has denied Chinese media reports that it had “framed” telecom giant Huawei or “fabricated evidence” that led to the arrest of a top company official. Washington’s investigations into Huawei — for allegedly violating US sanctions on Iran — started before the bank’s involvement with the company in late 2016, the lender said […]
China saw forecast-beating economic growth in the second quarter after a record contraction in the previous three months, as businesses cautiously returned to normality after strict lockdowns across the country. The figures released Thursday follow a string of data showing the world’s number two economy slowly emerging from the outbreak, and should provide hope to […]
#President Trump #China #silentmajority #support #Hong Kong #Beijing #economy #C19cronavirus President Trump said at the White House Tuesday that he’s doing better than anyone realizes in his quest for reelection. President Trump criticized polls that currently show him an average of nearly 10 pts behind Joe Biden nationally and says there is a “silent majority” that backs […]
#TENCENT #BYTEDANCE #CHINA White House trade advisor Peter Navarro said Sunday he expected President Donald Trump to act firmly against the TikTok and WeChat applications, amid rising tensions between Washington and Beijing. Trump last week had said he is considering banning the wildly-popular TikTok app as a way to punish China over the coronavirus pandemic. […]
#PresidentTrump, #C19Coronavirus, #US #China #economy, #WhiteHouse, #NYSE $DIA $SPY $QQQ $RUTX $VXX Tuesday, President Trump publicly criticized Dr. Anthony ‘Doom’ Fauci for his comments on the C-19 coronavirus chaos, and said the US is in a “good place” despite a rise in virus cases. “Well, I think we are in a good place. I disagree […]
Hong Kong really does have a new normal, adjust your portfolio quickly as change is coming at a rapid rate. Hong Kongers are scrubbing their social media accounts, deleting chat histories and mugging up on cyber privacy as China’s newly imposed security law blankets the traditionally outspoken city in fear and self-censorship. China’s authoritarian leaders […]
#CHINA #ECONOMY #CORONAVIRUS China’s factory activity picked up pace in June, official data showed Tuesday, although analysts warned weak global demand and a potential coronavirus resurgence are weighing on its longer-term recovery. The world’s second-largest economy has been whirring back to life after the virus and sweeping lockdowns prompted a near-halt in activity at the […]
Welcome to World War III Despite increasing personal financial hardship, most people remain unaware of the economic war presently unfolding, many people are convinced a Race War is upon us, they are so terribly wrong. This is about the power of the State, their wealthy donors and their enforcers. George Floyd, Eric Garner and a […]
Trade adviser Peter Navarro says there will be “serious consequences” for China’s role in the spread of the C-19 coronavirus chaos around the globe. In an interview Mr. Navarro, who serves as director of trade and manufacturing policy, defended his accusation that China withheld information and personal protective equipment from the world community at the […]
The White House is “furious at what China has done in recent days, weeks, and months,” and President Trump will present ideas for holding the Asian nation accountable for its actions concerning the C-19 coronavirus chaos and with its aggressions against Hong Kong, Taiwan, and other countries, National Economic Council Director Larry Kudlow said Friday. […]
Investors in China seemed content with existing government measures to support the country’s slumping economy. But they are now calling for more stimulus. Judging by the lack of conviction in Chinese financial markets, the outcome of this month’s key policy meetings may be the deciding factor for investors. While volatility in stocks and the yuan […]
Trade negotiators from the United States and China will hold a phone call as early as next week, citing people familiar with the matter. The call will include Chinese Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer. The talks will be about progress in implementing a phase-one deal after U.S. President Donald Trump […]
Here is a list of things I think we should be demanding from our Governments after the Coronavirus. 1 Decriminalize Cash If Governments do have the power to lock us down, imagine what would happen if you are in that situation and your bank collapses, or the Government wants to restrict your financial transaction. This […]
The coronavirus pandemic caused manufacturing activity in the United States to post a historic decline in April, according to an industry survey Friday, and it may stay depressed for some time. The plunge in the Institute for Supply Management’s (ISM) manufacturing survey was not unexpected and actually slightly less severe than economists had anticipated, as […]
London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad memories of a damaging standoff between both countries over trade. The eurozone’s key equity markets were shut for a public holiday as were several exchanges in Asia. Investor nerves were tested […]
Politics in the modern era has descended into a war of sound bites and Tweets. No longer are there deep philosophical arguments exploring ideas and direction. There is just short, sharp jabs and while they are entertaining they are not moving humanity forward. Case in point, the Coronavirus China was wrong to cover it up, […]
The Chinese Communist regime is going to face “a day of reckoning” for the global coronavirus pandemic, not only killed Americans but damaging its economy. The Big Q that is being debated in Washington now about holding China financially responsible for America’s health crisis and corresponding economic impact. When we find evidence and we will find […]
Friday, President Trump accused the World Health Organization (WHO) of helping the Chinese communist regime to conceal the number of its citizens that have been infected by its latest virus. “I do believe they knew,” the president said at Friday’s briefing of the coronavirus task force, suggesting that the WHO was aware that President Xi […]
The Fog of War obscures much about the novel coronavirus pandemic. But 2 facts are certain, 1) China’s Communist authorities have lied, concealed and misled about the origins of the epidemic and the toll of the virus in China, and 2) the World Health Organization has acted as Beijing’s handmaid. The result: The global toll of this […]
$USO $BA In this time of global crisis and economic uncertainty, both Democrats and Republicans have been seeking to exploit the China Virus pandemic in pursuit of partisan policy objectives. Bad policy! The Washington Free Beacon has come up with 10 elements to fix and shield the US economy from the WHO/China Virus crisis. Congress should […]
The US and the West cannot be dependent upon China for Key pharmaceuticals, President Trump’s policies are changing that and bring the API and medical equipment manufacturing home. Thursday, Fred Fleitz, the President of the Center for Security Policy, told the press that the US must make “some very serious demands on China” regarding the […]
If any 1 country deserves to have the name “Chinese” attached to a pandemic, it’s China, which did all it could to conceal the outbreak rather than contain it. For weeks, China covered up the coronavirus pandemic. And in the days and weeks after the crisis became evident, China left its airports and borders open, […]
Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 US-China trade deal, although that could change as more data becomes available in coming weeks. Finance officials from the world’s 20 largest economies aka G-20, said Sunday they would keep a close watch […]
President Trump praised China for giving the death penalty to drug dealers. Answering a question about fentanyl crossing the US-Mexico border during a White House event Monday. President Trump invoked conversations he had with Chinese President Xi and his country’s crackdown on dealers of the powerful synthetic opioid. “I met with President Xi on the […]
Documents to be released Wednesday will show skeptics that a Phase 1 US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, USTreasury Secretary Steven Mnuchin said Tuesday. President Trump is due to sign the trade pact with Chinese Vice Premier Liu He at a ceremony at […]
2 of the “biggest and best trade deals ever in American history” could be signed within a week of each other, according to assistant to the President and Director of the Office of Trade and Manufacturing Policy Peter Navarro. The US-Mexico-Canada Agreement (USMCA) will likely pass the Senate, with a bipartisan vote, as early as this […]
President Trump said he will sign ‘Phase 1’ of a trade deal with China on 15 January sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. “The ceremony will take place at the White House,” he said on his Twitter account […]
China has unveiled a regulation on implementing the foreign investment law (FDI) to better protect the legitimate rights and interests of foreign investors. Premier Li Keqiang signed a State Council decree to publish the regulation. It takes effect on 1 January 2020, the same day when the law becomes effective. As a matching regulation to […]
The White House’s trade adviser Peter Navarro, said Monday that a preliminary trade deal with Beijing is completed. “That’s a done deal, put that one in the bag,” Mr. Navarro said on TV. He declined to confirm a report by the South China Morning Post that Chinese emissaries led by Vice Premier Liu He will […]
Friday, President Trump Tweeted Friday that he had “a very good talk” with President Xi Jinping of China on trade and that Beijing “has already started large scale purchases of agricultural products and more.” “Formal signing being arranged,” President Trump said in the post, in which he noted further that “progress” was being made because he and […]
Wider, deeper opening up to reshape China’s economic landscape Opening up has been among the major policy moves that underpinned China’s huge economic growth over the past decades, and even though protectionism is on the rise, the country has been steadily delivering its promise of opening its doors wider. At a Key economic conference earlier […]
Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. “They are… going to double our exports to China,” National Economic Council Director Larry Kudlow said on TV. The Big Q: What is in the […]
Monday, white House economic adviser Larry Kudlow said trade deals with China, Canada, and Mexico will strengthen the economy, adding that exports will double with China under the P-1 of President Trump’s new agreement. “These deals are both pro-growth and yeah, they do remove some uncertainty,” he said. “They also increase incentives to invest…I think […]
US Treasury Secretary Steven Mnuchin said Saturday a “P-1” trade deal between the United States and China was “very good” for global economic growth, and added that the 2nd phase could come in several steps. The United States and China cooled their trade dispute Friday, announcing a “P-1” agreement that reduces some US tariffs in […]
White House economic adviser Larry Kudlow predicts that Y 2020 “will be a very, very strong economic year” as the jobs market only stands to get stronger in the wake of Friday’s China-US trade deal. “I think it will be pro-growth. I think it will help business confidence and business investment,” Mr Kudlow said. Kudlow spoke […]
Larry Kudlow says a trade deal with China is close, but warned that President Trump is prepared to ”walk away” if some conditions are not met. He said in a TV interview that the US and China are close to a trade deal, “probably even closer than in mid-November.” He added, the President is not yet […]
Wednesday, President Trump signed a bill into law that expresses US support for Hong Kong protesters, a move that may strain relations with China and further complicate the president’s effort to wind down his trade war with Beijing. The legislation, S. 1838, requires annual reviews of Hong Kong’s special trade status under American law and […]
Despite Beijing’s strong and repeated opposition, the US Senate last Tuesday passed the so-called Hong Kong Human Rights and Democracy Act of 2019. By passing the bill, the Senate has not only shown indifference to the chaotic situation on the ground and the need to end violence and restore order, but also tried to embolden […]
China has invited Top US trade negotiators for a new round of face-to-face talks in Beijing in its continued efforts to strike a limited deal, the Wall Street Journal reported Thursday. The report said Chinese Vice Premier Liu He invited US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin for a meeting in Beijing, […]
The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]
Chinese President Xi Jinping said the most pressing task for Hong Kong at present is to bring violence and chaos to an end and restore order. Xi made this clear stance of the Chinese government on Hong Kong’s situation while he was attending the 11th BRICS Summit in Brasilia, capital of Brazil, Thursday. He said […]
It is not surprising that “stories are bouncing around” on the US-China trade deal, but the measure will be reached “in all likelihood,” Commerce Secretary Wilbur Ross said Friday. “This Phase 1 is relatively limited in its scope, and what’s really being debated is how many limitations will there be on the scope of Phase […]
Tuesday, President Trump on said the United States is close to signing a ‘Phase 1’ trade deal with China. President Trump added in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and US workers. For weeks Trump has said the countries are close to […]
The Trump Trade Policy is Working Collected a Record $7-B in Tariffs in September Tariff revenue rose 9% from August and was up more than 59% from a year earlier. The US collected a record $7-B in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other […]
Thursday, China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade dispute, the Chinese commerce ministry said. The interim US-China trade deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for 15 December on about $156-B worth of Chinese imports, including cell phones, […]
Tuesday, China Tuesday promised more improvements in conditions for foreign companies including an end to officials pressing them to hand over technology; a Key irritant in its tariff war with Washington. The announcement adds to a number of market-opening promises by the government, which is trying to make China’s cooling, state-dominated economy more productive. Beijing […]
The initial deal on US-China trade will include much of the scuttled May deal’s agreement regarding IP (intellectual property) and will target enforcement mechanisms, White House trade adviser Peter Navarro said early Thursday, adding that he hopes the Chinese negotiate in “good faith.” “The good news about this phase one … is it adopted virtually […]