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
Greece’s incoming Prime Minister Kyriakos Mitsotakis will have to decide whether to continue opening up the country to Chinese investment following his election victory on Sunday. Although the previous government led by Syriza signed up for the Belt and Road Initiative in 2018, earlier this year the leader of the centre-right New Democracy party told […] Read more
China insists US must remove all trade war tariffs as part of deal, says commerce ministry spokesman
China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached. […] Read more
DALIAN — Chinese Premier Li Keqiang on Tuesday pledged to an assembly of global business leaders and government representatives that Beijing will push to create an equal playing field in the country for all companies. As American and Chinese negotiators begin a renewed push at a trade deal, that rhetoric appeared to address many of […] Read more
The meeting between Chinese and American leaders in Osaka may have pressed the pause button on their escalating trade war, but pundits on both sides remain doubtful about how long a ceasefire can avert a looming showdown between the two economic superpowers. In a make-or-break meeting on Saturday that stole the limelight at the Group […] Read more
Stocks in Asia Pacific dipped on Friday as investors watched for developments from the G-20 summit in Osaka, Japan, where U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade standoff. In Japan, the Nikkei 225 slipped 0.29% to close at 21,275.92, with shares of index heavyweight and […] Read more
