American and Chinese investors’ appetite to deploy capital into each other’s projects and deals has dropped to a five-year low as trade tensions propelled the decoupling of the two economies. Investment between the United States and China plunged 18 per cent to US$13 billion in the first six months of 2019 and reached the lowest […] Read more
US-China trade talks collapse was ‘not normal’, says veteran US negotiator, as focus turns political
The dramatic collapse in US-China talks in May suggested that Chinese negotiators did not have full political backing for the concessions they proposed to reach a deal to end the trade war, according to a veteran US trade official ahead of the resumption of face-to-face negotiations this week in Shanghai. China was reported to have […] Read more
Regional Comprehensive Economic Partnership (RCEP) involves the 10 Asean nations as well as China, Japan, South Korea, Australia, New Zealand and India Talks are ongoing in Zhengzhou, and will continue into next week when Chinese and American trade negotiators will resume their talks in Shanghai The Online Publishers “TOP” offers high quality translation and substance […] Read more
Alibaba Group opened its business-to-business (B2B) online marketplace to US companies on Tuesday, taking on its US rival Amazon.com as part of the Chinese e-commerce giant’s plan to grow its market share internationally. In a further push to grow its business outside China, the Alibaba.com platform will let US manufacturers, distributors and wholesalers sell their […] Read more
China will impose duties on stainless steel imports from the European Union, Japan, South Korea, and Indonesia this week in response to the damage caused to the domestic industry by products sold at below fair market prices, the Ministry of Commerce announced on Monday. Anti-dumping duties ranging from 18.1 per cent to 103.1 per cent […] Read more
China suddenly added a new member to its negotiating team — the country’s commerce minister, Zhong Shan, who is seen as a hard-liner by many officials in Washington. “The U.S. side has provoked economic and trade frictions against us and violated the principles of the WTO. It is typical of unilateralism and protectionism. … We […] Read more
The European Parliament voted on Thursday to adopt a resolution calling for the Hong Kong government to formally withdraw its highly unpopular extradition bill, just hours after Beijing accused the motion of being full of “ignorance and prejudice”. The legislative branch of the European Union said the bill had caused fear among the people of […] Read more
China’s state assets regulator has discussed the possibility of cooperation between US firms and state-owned enterprises in a meeting with the visiting head of an American multinational corporation. Hao Peng, who was appointed the director of the State-owned Assets Supervision and Administration Commission in May, met Larry Culp, the chief executive of General Electric, on […] Read more
China could learn a lesson for its possible digital currency issuance from the Hong Kong monetary system that allows “commercial entities” to issue banknotes backed by their own private currency assets, former central bank governor Zhou Xiaochuan said. Zhou, who served as the governor of the People’s Bank of China (PBOC) for over 15 years […] Read more
Over three quarters of 1,000 Singaporeans surveyed in June said they supported Hong Kong’s ongoing protests against a controversial extradition bill – a result political analysts suggested was a reflection of the close-knit ties between the “twin cities”. Still, the observers said the strong support level did not necessarily mean Hong Kong-style street politics would […] Read more
