Although, this could be part of a retaliatory move, it is to be noted that central banks of export-oriented countries often sell their U.S. Treasury holdings in order to hedge their currencies from a sharp appreciation of the greenback. According… Read More ›
Chinese
China’s economic cools unexpectedly in April
The escalation in the U.S.-China trade war marks a stunning turning point in U.S.-China relations. With the impact of U.S. tariffs on the Chinese economy sinking in, Beijing will have to do a lot more to manage its public image…. Read More ›
Trump escalates trade war
A trade war is far better than a weak non-enforceable agreement given China’s history of reneging on its commitments. In order to be more effective, Trump will have to make manufacturing in China more expensive. That should perk up the… Read More ›
Chinese Vice Premier Liu He to travel to Washington on Thursday: South China Morning Post
Trump’s threat of adding additional tariffs ion $200 billion exports of Chinese goods to the U.S. is most likely seen as a negotiating tactics by Beijing. On Monday, in a move that essentially underscores the impact U.S. trade tariffs are… Read More ›
Trump likely to further hike U.S. tariffs on Chinese goods this week
The move signals U.S. resolve and intent that it means business. Systemic concerns it has put across to China have to be addressed and resolved. Dilly dallying delaying tactics will not be entertained. In a development that underscores the United… Read More ›
CIFIUS blocks China’s purchase of Toshiba’s U.S. liquefied natural gas (LNG) business
China’s bid to purchase Toshiba’s U.S. liquefied natural gas (LNG) business was blocked by CIFIUS. Analysts have warned, failure to find a buyer will significantly dent the chances of its recovery from bankruptcy. On Friday, Toshiba Corp’s shares fell by… Read More ›
Nickel supply shortfall propels Chinese EVs to look for join ventures
Analysts have warned if Chinese-led projects in Indonesia fail to deliver, the likely hood of a shortfall in nickel will increase. On Thursday, an executive from Chinese battery and electric car maker BYD CO Ltd disclosed, securing sufficient quantities of… Read More ›
Morgan Stanley becomes top shareholder in Chinese joint venture – Morgan Stanley Huaxin Fund Management Co
With China opening up its financial sector, worth trillions of dollars, foreign financial institutions can finally tap the Chinese market. In a deal that will result in Morgan Stanley becoming the top shareholder of Morgan Stanley Huaxin Fund Management Co,… Read More ›
China cuts VAT rate to boost slowing economy
China, the world’s second-largest economy, is growing at its weakest pace in almost 30 years. Its trade war with the U.S. is significantly having a deep impact on its economy. Consumer brands across China, including Apple Inc, have lowered their… Read More ›
New Zealand’s PM Jacinda Ardern likely to discuss Huawei on her 1-day China tour
Among the things she is likely to discuss with China’s President Xi Jinping and Premier Li Keqiang are, potential upgrade to the 2008 FTA and NZ’s transparency on blocking Huawei Technology’s bid to create a 5G network in the country…. Read More ›