After almost a decade in the making, a mammoth trade deal is to be signed by Asian leaders this weekend. The deal would have in its fold ten member countries of the Association of Southeast Asian Nations (Asean), as well… Read More ›
Day: November 13, 2020
US-China Trade Tensions To Remain Even Under Biden, Says Former China Finance Minister
According to former Chinese finance minister Lou Jiwei, even if Joe Biden becomes president of the United States replacing Donald Trump, there would likely be no easing of the trade war between the US and China at least in the… Read More ›
US Bans American Investment In Chinese Firms With Links To The PLA
All American investment in Chinese companies that the United States government deems to have relationship with the Chinese military will not be prevented under and order issued by the US President Donald Trump. China was accused in the order by… Read More ›
Chinese President Xi Jinping halted Ant Group’s IPO
According to a report from the Wall Street Journal which cites Chinese officials with knowledge of the matter at hand, Chinese President Xi Jinping had personally decided to pull the plug on Ant Group’s $37-billion initial public offering. The decision… Read More ›
Trump Administration bans U.S. investments in Chinese companies owned/controlled by Chinese military
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
UK weighs economic sanctions against China over Beijing continued breach of Hong Kong treaty
Following China breaking its bilateral treaty with Britain with the imposition of its draconian measures garbed through its new security laws on Hong Kong, Britain stated it is considering the imposition of sanctions against it as part of its response… Read More ›
BMW-Toyota alliance should go beyond 2025: BMW CEO
In a statement, BMW’s Chief Executive Oliver Zipse stated, he aims to further strengthen the carmaker’s alliance with Toyota and wants it to go beyond 2025. The current alliance revolves around fuel cells and convertibles vehicles. “In the next decades,… Read More ›
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