The growth of the Gross Domestic Product (GDP) in China stabilized 6.4% year-on-year in the first quarter of 2019, despite falling global demand and the trade war with the United States. The figure was announced on Wednesday by the National Bureau of Statistics (BNS), along with other rather optimistic indicators on the health of the world's second largest economy.Add your comment!
US Secretary of State Mike Pompeo held talks on Saturday with Paraguay's President Mario Abdo Benitez as part of a four-nation tour of Latin American allies focusing heavily on Venezuela and countering China's economic reach.Add your comment!
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.1 comment
President Donald Trump on Friday said talks with Beijing were making progress toward ending the trade war between the world's two top economies, but he again stopped short of predicting success.
Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating. Farmers on the Pampas arable belt have signed delayed-price contracts for almost three quarters of the 12.2 million metric tons they’ve sold to crushers and exporters so far, according to government data. That compares with 60% at the same stage last year.
Chinese telecoms giant Huawei said revenues topped US$ 100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018 hit 721.2bn yuan (US$ 107bn), while net profit jumped 25% to 59.3bn yuan.
United States Treasury Secretary Steven Mnuchin said on Friday he had a productive working dinner the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world's two largest economies.
US officials plan to travel to China next week to resume face-to-face talks aimed at ending a trade war between them, the White House has confirmed. And Chinese officials will travel to the US for further talks in Washington in early April.
US stocks have fallen after President Donald Trump said his administration was considering leaving tariffs on China for a substantial period. Mr. Trump said that a trade deal with Beijing was coming along nicely, but his comments dampened hopes a deal would be reached soon. US negotiators are due to visit China next week to resume talks.
China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States. The legislation aims to address long-running grievances from foreign businesses, but the US and European chambers of commerce have voiced concerns that they were not given enough time to give their input.