U.S. President Donald Trump stated, the United States and China would “very shortly” sign the so-called Phase One trade pact. “We just achieved a breakthrough on the trade deal and we will be signing it very shortly,” said Trump at… Read More ›
Chinese
China’s Big Fund trim stake in tech sector
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
China excludes U.S. chemicals from import tariffs
On Thursday, China unveiled a new list of U.S. imports which will be exempted from tariffs following the two countries announcing a Phase 1 trade deal. The waivers will be effective from December 26, and will apply for six items,… Read More ›
China’s Dongfeng Motor to have reduced stake following FCA’s merger with PSA
According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler. The board of both groups have approved a binding memorandum of understanding for a… Read More ›
Hong Kong saw capital outflows of $5 billion midst pro-democracy protests
Following China’s attempt to thwart the pro-democracy movement in Hong Kong, since April the Asian financial hub has seen capital outflows of nearly $5 billion, said the Bank of England. According to the central bank’s Financial Stability Report, the flight… Read More ›
China yet to respond to U.S. conditions for Phase 1 trade deal
According to U.S. sources, the United States is ready to suspend some tariffs provided China is willing to commit to purchasing more U.S. goods. As per a source briefed on the status of bilateral negotiations between Washington and Beijing, the… Read More ›
U.S. adds fortitude to U.S.-China relations with passage of Uighur Act of 2019
In a development that signals further delays towards resolving the U.S.-China trade war, the U.S. House of Representatives has overwhelmingly voted a bill that requires U.S. President Donald Trump to toughen its response to China’s genocide of its Muslim minorities…. Read More ›
Trade deal with China will have to wait till Nov. 2020
The U.S.-China trade war is likely to drag till at least the U.S. presidential election in November 2020. “I have no deadline, no,” said Trump to reporters in London, where he was due to attend a meeting of NATO leaders…. Read More ›
Measure of effectiveness of U.S. trade tariffs against China
In a development that underscores the measure of effectiveness of U.S sanctions on China’s economy, a Chinese newspaper the Global Times has reported citing sources with direct knowledge of the trade talks that Beijing’s top priority in the phase one… Read More ›
Germany takes steps to protect key industries from takeover by foreign powers
On Friday, in a significant development, German Economy Minister Peter Altmaier said, it is critical that Germany sets up a new government body which will have the power to quickly decide whether it should take stakes in strategic domestic companies… Read More ›
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