Tag: China

Thursday, September 27th 2018 - 09:17 UTC
China unveils plan to cut tariffs on over 1.500 industrial products

China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.
Wednesday, September 26th 2018 - 09:11 UTC
Conciliatory message from Beijing to the Trump administration as bitter trade war increases

China and the United States can compete but should not view each other with a Cold War mentality and should avoid falling into a zero-sum game trap, the Chinese government's top diplomat said, amid deteriorating ties between the superpowers.
Wednesday, September 26th 2018 - 08:37 UTC
Pope says he will appoint Chinese bishops, following on the Beijing/Vatican accord

Pope Francis on Tuesday defended a landmark deal between the Vatican and China on the appointment of bishops, saying he, and not the Beijing government, will have the final say on who is named. In his first public comments on the deal signed in Beijing on Saturday, he told reporters on the plane returning from a trip to the Baltics that while he realizes not everyone will understand the logic behind the agreement, he was confident in the “great faith” of Chinese Catholics.
Friday, September 21st 2018 - 08:35 UTC
US/Beijing trade war: China plans to reduce tariff rates on imports next October, reports Bloomberg

China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.
Thursday, September 20th 2018 - 08:42 UTC
WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
Wednesday, September 19th 2018 - 08:50 UTC
Tit for tat: China adds US$ 60bn of US imports to its tariff retaliation list

China and the United States plunged deeper into a trade war on Tuesday after Beijing added US$60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.
Wednesday, September 19th 2018 - 08:11 UTC
China agreed to invest US$ 5bn in Venezuelan oil, alleges Maduro

Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.
Tuesday, September 18th 2018 - 08:58 UTC
Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
Saturday, September 15th 2018 - 08:42 UTC
Trump ready to move with a next round of tariffs on Chinese goods

United States President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about US$ 200bn worth of imports from China, including electronic parts and consumer goods such as handbags.
Friday, September 14th 2018 - 08:50 UTC
Maduro in China after more financial support to prop Venezuela's collapsing economy and oil output

Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.