The US-China trade war will not end any time soon, because the cost to both sides is minimal and is roiling other economies more than anything else, a leading economist from Singapore’s Nanyang Technological University said on Thursday. Professor Tan Kong Yam, who is also the co-director of the Asia Competitiveness Institute research centre at […] Read more
China wants to draw a line between negotiations about trade and talks about other foreign affairs, the Wall Street Journal reported on Thursday. In order to streamline trade talks between Washington and Beijing, China is looking to weed out other topics of conversation that come up between the world’s two largest economies during negotiations, like […] Read more
Hong Kong Exchanges and Clearing Limited (HKEX) has made a surprise takeover bid for London Stock Exchange Group (LSE), taking its boldest step yet to expand into a global financial marketplace from its current status as China’s offshore fundraising hub. HKEX made an indicative offer to pay £83.61 per LSE share in cash and stock […] Read more
Embattled Hong Kong leader Carrie Lam Cheng Yuet-ngor dropped a bombshell on Wednesday, announcing she would formally withdraw the hated extradition bill that sparked the city’s protest crisis, but her dramatic U-turn drew more scepticism than hope for an end to nearly three months of turmoil. Even though Lam was finally acceding to one of […] Read more
Law enforcement officials in the US state of Virginia said on Thursday that they had taken down a multi-state drug ring and seized enough cheap fentanyl from China to kill 14 million people. The bust was announced in the wake of growing efforts to stem the flow of fentanyl from Chinese labs to the United […] Read more
China’s state media put up a brave front after the country’s trade war with the U.S. escalated sharply over the weekend. The latest round of the dispute kicked off on Friday evening in Beijing when China’s Ministry of Finance announced it will apply new tariffs of between 5% and 10% on $75 billion worth of […] Read more
When anti-government protesters held two men from mainland China virtual hostageat Hong Kong International Airport earlier this month, it was 33-year-old Leon Liang’s saddest and darkest day in the city since he arrived nine years ago. “What a shame for Hong Kong,” Liang, from Shanxi province in northern China, wrote in a social media post […] Read more
The United States has more to lose from a full-blown trade war with the EU than it does with its current conflict with China, experts have told CNBC. President Donald Trump has kept up his tough rhetoric against the European Union despite focusing on Chinese tariffs in recent months. But his administration is due to […] Read more
Secretary of State Mike Pompeo told a group of business executives and free-trade economists that he believes the trade war with China could come to an end by the 2020 presidential election, according to people who attended the gathering. At a private lunch in New York on Tuesday, Pompeo spoke in front of a crowd […] Read more
US President Donald Trump has said he has approved the proposed deal to sell 66 Lockheed Martin F-16V fighter jets to Taiwan – a move set to significantly boost the self-ruled island’s defences against mainland China. Taiwan’s defence ministry welcomed Trump’s announcement, saying that it would help to maintain security in the Taiwan Strait and […] Read more
