Tag: China

Friday, May 31st 2019 - 09:25 UTC
US Treasury monitoring list of countries with large trade surplus and possible currency manipulation

The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released this week, but again found that neither China nor any other trading partners was manipulating its currency. The treasury urged the Asian giant to avoid allowing the renminbi to weaken persistently - which would give its products a more competitive advantage.
Tuesday, May 28th 2019 - 09:35 UTC
IMF contradicts Trump: US companies and consumers are paying for the higher tariffs on Chinese imports

Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.
Monday, May 27th 2019 - 05:52 UTC
Trump announces US$ 16billion to help farmers caught in the US/China trade dispute

US President Donald Trump unveiled a new US$16 billion aid package to help farmers caught in the crossfire of his trade war with China. “The farmers have been attacked by China,” Trump told reporters at the White House. “We're going to help out our farmers and we're giving them that level playing field that is so important.”
Thursday, May 23rd 2019 - 09:57 UTC
Markets in the red on Wednesday over concerns with China-US trade dispute

US stocks fell back into the red on Wednesday, putting equities down for three of the last four sessions as investors reacted to reports of possible new US-China trade frictions.
Thursday, May 23rd 2019 - 08:49 UTC
President Xi tells China to prepare for increasingly complex and difficult times

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.
Tuesday, May 21st 2019 - 09:50 UTC
Trump says trade dispute with Beijing is making companies move out of China

President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal.
Tuesday, May 21st 2019 - 09:12 UTC
US eases some restrictions imposed on Huawei for 90 days

The US government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.
Saturday, May 18th 2019 - 08:26 UTC
Beijing replies to the US via the official media: Washington has “fragile nerves”

The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.
Saturday, May 18th 2019 - 08:17 UTC
Peru wants China to help finance a railway to the heart of South America

Peruvian President Martin Vizcarra told news agency Reuters on Friday that China could partner with Bolivia and Peru on a massive intercontinental railway project that Peru once dismissed as too costly when pitched by China nearly three years ago.
Friday, May 17th 2019 - 09:42 UTC
China not interested in trade talks; Beijing rekindles nationalist resilience during Korean War

China may have no interest in continuing trade negotiations with the United States now, as it sees little “sincerity” in US President Donald Trump's recent approach, according to commentaries run by state media outlets on Friday.