As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
China
U.S. to impose 10% additional tariffs on $300 billion Chinese goods
The move underscores Trump’s intent to not incentives Chinese strategy of tiring opponents through unproductive never ending negotiations. U.S. President Donald Trump made it lucidly clear to Chinese President Xi Jinping that the United States will not backdown from China’s… Read More ›
China launches anti-dumping probe of meta-Cresol from the U.S., EU and Japan
Meta-Cresol is an organic compound typically extracted from coal tar that is used to make pesticides and other chemical products. On Monday, China said it has launched an anti-dumping investigation into the import of meta-Cresol, an organic compound typically extracted… Read More ›
3M discloses potential violation of U.S. Foreign Corrupt Practices Act in regulatory filing
3M chanced on certain funding and marketing related efforts in business groups in China, in its own internal investigation. It is cooperating with the U.S. Department of Justice and the Securities and Exchange Commission. In a significant development, 3M Co… Read More ›
Trump target China’s ‘developing nation’ at the WTO
How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
Chinese automotive group BAIC purchases 5% stake in Germany’s Daimler
The development is aimed at reducing the cost of developing affordable electric self-driving cars. On Tuesday, in a development that marks Beijing Automotive Group Co Ltd (BAIC) further cementing its relationship with German carmaker Daimler, the Chinese company has purchased… Read More ›
China to impose anti-dumping tariffs on SS products from Japan, South Korea, Indonesia, and EU
The anti-dumping duties, ranging from 18.1% to 103.1% will be effective from July 23, 2019. On Monday, China stated, it will impose anti-dumping duties on select stainless steel products which it imports from Japan, South Korea, the EU and Indonesia…. Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
Bipartisan bill introduced in U.S. Congress targeting Huawei Technologies Co Ltd
The bipartisan legislation essentially boils down to Senator Tom Cotton’s notion that “American companies shouldn’t be in the business of selling our enemies the tools they’ll use to spy on Americans”. In a significant development, members of the U.S. Senate… Read More ›
Apple pushes to boost services business in China
Faced with sluggish iphones sales in China, Apple is now trying to replicate the success it met in Bengaluru, India, with China. Cupertino aims to start training Chinese developers to create apps in order to build its services business in… Read More ›
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