President Donald Trump was clearly surprised Monday — and asked “why?” — when Treasury Secretary Steven Mnuchin said U.S. officials asked members of China’s trade delegation to cancel a scheduled farm tour in the United States last week. American stock market indices plunged Friday on the news of the cancellation of the visit with farmers in […] Read more
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
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
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
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
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
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
