On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
U.S. China
Apple unlikely to meet revenue guidance because of coronavirus
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
Commerce Department’ unveils new trade rule to slap countervailing duties on countries that undervalue currencies
In a significant development, the U.S. Commerce Department stated, it has finalized a new rule which it will apply to products from countries that it determines undervalues their currencies against the dollar. This could potentially impact China and be a… Read More ›
Taiwan’s Wistron Corp sets up second iPhone plant in India
In a development that marks Apple Inc’s push to expand its manufacturing in India – the world’s second biggest phone market, Taiwan’s Wistron Corp stated, it plans on assembling printed circuit boards (PCBs) for Apple’s iPhones at its new factories… Read More ›
Threat from Coronavirus puts China’s trade war recovery at serious risk
If ever there was a perfect time to book profits on China China, the time is now. Despite analysts’ estimate of the Chinese economy doubling in size in 2020 in comparison to where it was a decade ago, all of… Read More ›
Negotiations in EU-China investment agreement enters ‘critical stage’: EU’s ambassador to China Nicolas Chapuis
On Friday, a senior EU official stated, following six years of negotiations, EU-China negotiations on investment agreement have entered a “critical stage” and are progressing well. In a news briefing in Beijing, Nicolas Chapuis, EU’s ambassador to China, stated, progress… Read More ›
Financial sector optimistic on U.S.-China Phase 1 trade deal
Under the recent Phase 1 U.S.-China trade deal, China has agreed to expedite by nine months a previous December 2020 deadline for removing foreign ownership caps on securities firms, which includes investment banking, underwriting and brokerage operations. The Phase 1… Read More ›
Discussions on U.S.-China Phase 2 trade deal have already begun: U.S. Vice President Mike Pence
In an interview with Fox Business Network, U.S. Vice President Mike Pence disclosed, discussions on the “Phase 2” U.S.-China trade deal have already begun hours after signing the Phase 1 trade deal. The Phase 1 trade agreement has defused some… Read More ›
U.S. President Donald Trump signs U.S.-China Phase 1 trade deal
On Wednesday, U.S. President Donald Trump signed a trade deal with China at a White House event. The U.S.-China trade has been a centerpiece of Trump’s presidency, and the Phase 1 deal ceremony being held at the White House rather… Read More ›
China’s purchase of U.S. goods and services to touch $40 billion during next 2 years
According to a source briefed on the Phase 1 trade deal, China has pledged to purchase an additional $80 billion of manufactured goods from the United States over the next two years along with just over $50 billion more in… Read More ›
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