Tag: China

Thursday, May 9th 2019 - 09:32 UTC
World markets on the edge waiting for Friday's China/US trade talks outcome

Asian markets once again fell into the red on Thursday as investors anxiously await the start of high-stakes trade talks between China and the United States. After several rounds of negotiations, the two-day meeting in Washington, which kicks off later in the day, has taken on huge significance after Donald Trump threatened to ramp up tariffs on Chinese goods from Friday blaming backsliding by Beijing.
Wednesday, May 8th 2019 - 09:25 UTC
China opening its mutual fund business to a foreign majority stake: JPMorgan could be the first

JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2% of the business up for sale that analysts expect the Wall Street bank to lap up.
Wednesday, May 8th 2019 - 09:19 UTC
World consumes more alcohol largely because of heavier drinking in China and India

The world consumed 10% more alcohol per adult in 2017 than in 1990, due in large part to heavier and more widespread drinking in China and India, researchers said on Wednesday. On current trends, global consumption per capita will rise another 17% over the next decade, they reported in The Lancet.
Wednesday, May 8th 2019 - 09:14 UTC
Extradition hearings for Huawei's owner daughter complicates US/China/Canada dealings

Huawei Technologies' chief financial officer is set to return to a Vancouver courtroom this Wednesday ahead of planned extradition hearings as deteriorating relations with China over her arrest exact a growing toll on Canada.
Tuesday, May 7th 2019 - 09:47 UTC
Chinese backtrack prompted Trump to announce raising tariffs next Friday

Top US trade officials said on Monday that China had backtracked on previous commitments made in talks, and that this reversal was what prompted President Donald Trump’s earlier announcement that the United States would raise tariffs on billions of Chinese goods next Friday.
Monday, May 6th 2019 - 09:54 UTC
US-China trade talks moving “too slowly” Trump warns and announces a Friday deadline

Donald Trump has said he will raise tariffs on US$ 200bn of Chinese goods because talks on a US-China trade deal are moving “too slowly”. The US president tweeted that tariffs of 10% on certain goods would rise to 25% on Friday, and US$ 325bn of untaxed goods could face 25% duties “shortly”.
Monday, May 6th 2019 - 09:23 UTC
China might cancel next round of trade talks with US, says the Wall Street Journal

China is considering cancelling a planned Washington trip this week by the country's top trade negotiator, the Wall Street Journal reported on Sunday. Beijing was surprised by US President Donald Trump's threat to levy new tariffs on trade with the country, the Journal reported, citing a person it didn't identify. The country doesn't want to negotiate under threat, the newspaper said.
Monday, May 6th 2019 - 09:04 UTC
Arctic countries meet in Finland, but not all participants are happy with China's presence

Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth.
Friday, May 3rd 2019 - 09:59 UTC
A defiant Maduro appears with the military at an army base in Caracas and calls to defeat coup plotters

Venezuelan President Nicolás Maduro appeared on Thursday flanked by soldiers at an army base in Caracas, in a show of defiance towards his opponents. Maduro called on the armed forces to defeat “any coup plotter”, following two days of clashes between opposition and pro-government forces.
Friday, May 3rd 2019 - 09:54 UTC
Pentagon claims China plans to add military bases around the world

The US Defense Department expects China to add military bases around the world to protect its investments in its ambitious One Belt One Road global infrastructure program, according to an official report released on Thursday.