Commerce Secretary Wilbur Ross told CNBC on Monday that U.S. tariffs are hurting China’s economy and Beijing’s ability to create jobs to stave off domestic disorder. The economic slowdown in China is a “big problem in their context of having a very big need to create millions of millions of jobs to hold down social […] Read more
A heavy-duty truck transports containers at a foreign trade container terminal in Qingdao, East China’s Shandong province By: EDITH MUTETHYA Panelists say they want to follow the country’s lead to build digital economy China, whose digital economy has experienced massive growth over the last decade, stands as a good model for Africa as the continent moves toward […] Read more
By Xinhua People’s Bank of China in Beijing, headquarters. China cuts banks’ reserve ratios by 1 percentage point People’s Bank of China (PBOC) decided Friday to cut the requirement reserve ratio (RRR) for RMB deposits by 1 percentage point. The PBOC will cut the RRR by 0.5 percentage points on Jan 15 and Jan 25, respectively, a PBOC […] Read more
China made its first major monetary policy easing announcement of 2019 on Friday as Beijing prepared to roll up its up sleeves to battle a year that is expected to be filled with economic hardship as well as numerous other challenges at home and abroad. The People’s Bank of China (PBOC), China’s central bank, will […] Read more
This story is part of an ongoing series on US-China relations produced jointly by the South China Morning Post and POLITICO, with reporting from Asia and the United States. China’s Vice-President Wang Qishan will lead the Chinese delegation at the World Economic Forum’s annual meeting from January 22-25 in Davos, Switzerland, according to two separate […] Read more
Shanghai’s stock benchmark ended 2018 as the world’s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city’s key stock index closed the year at 2,493.90, while the benchmark […] Read more
A trade war between the world’s two largest economies is likely to evolve into a dispute over intellectual property rights over the coming months, one analyst told CNBC Friday, with Apple set to bear the brunt of any further fallout. A long-running trade dispute between the U.S. and China has rattled financial markets in recent […] Read more
China plays a significant role in the supply of military drones to Middle East countries, especially those that are barred from importing them from the United States, a British think tank has said. The Royal United Services Institute said in a report that China has filled a void left by the US, which has become […] Read more
An offer to import more American goods as a means of defusing the trade war with China should be rejected by US officials, said the former head of trade negotiations with the mainland, who dismissed such diplomacy as “nonsense”. After the meeting between US President Donald Trump and Chinese counterpart Xi Jinping during the G20 […] Read more
The arrest of Huawei’s chief financial officer Sabrina Meng Wanzhou will add to uncertainties in trade negotiations between China and the United States, and Washington may use the case to pressure Beijing, analysts say. Meng, who is also the daughter of the Chinese telecom equipment giant’s founder, Ren Zhengfei, was detained by Canadian authorities at […] Read more
