The move will significantly impact the operations and earnings of dozens of Chinese companies including Megvii Technology Ltd, SenseTime Group Ltd and Chinese public security bureaus and sets the tone for U.S.-China trade negotiations.
Chinese
Vietnam imposes anti-dumping tariffs on Chinese aluminum products
Vietnam is also cracking down on Chinese export products that are mislabelled as “Made in Vietnam” in order to avoid U.S. tariffs on products made in China. Following an investigation which was launched in January 2019, which found that Chinese… Read More ›
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
China willing to negotiate trade dispute through dialog: Chinese Vice Premier Liu
Chinese Vice Premier Liu is China top trade negotiator. On Monday, Chinese Vice Premier Liu He stated, Beijing is willing to resolve its trade dispute with the Washington through negotiations. In what are likely to be signs that U.S. trade… Read More ›
China’s Renminbi falls off cliff with escalating trade war
Investors are flocking to sage havens assets including gold, Swiss franc and Japanese yen. On Monday, investors flocked to safe haven assets following a sharp re-escalation in the U.S.-China trade war. With reacting to U.S. tariffs and imposing its own,… Read More ›
China spent $85.20 billion in shantytown redevelopment projects for Jan-July period
China is boosting its spending levels in order to fight a growing slowdown in its economy, which has sunk to its 27-year low. On Monday, in a statement, China’s housing ministry stated, it has sunk in $85.20 billion (600 billion… Read More ›
U.S. lifts 10% tariffs on select Chinese imports
The bulk of the items excluded from the 10% tariffs hike, which will go into effect from September 1, includes household furniture, internet modems, routers and baby items. In a significant development, the Trump Administration has lifted import curbs on… Read More ›
China’s growth rate of industrial output for July touches 17-year low
On Wednesday, data from China’s National Bureau of Statistics showed that in July the country’s growth in terms of industrial output touched its 17-year low nadir, a pointer to growing cracks in its economy which comes at a time when… Read More ›
China-owned Smithfield Foods Inc launches plant-based meat alternative
Consumers are becoming increasingly environmentally conscious of the health hazzards of intensive animal farming as well as the benefits of adding more plant-based protein to their diet, there is growing trend towards alternative meat products. In a development that underscores… Read More ›
U.S. trade action hammer’s China’s producer price Index to lowest in 3 years
While China’s producer price index (PPI) fell to its 3 year low, the consumer price index (CPI) rose by 2.8% in July. On Friday, in a development that underscores the effectiveness of Washington’s trade action against Beijing, China’s factory gate… Read More ›
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