QUESTION: You commented that the central banks had a difficult position when they were on the gold standard compared to post-1971. Could you explain that difference? Thank you for the education. Its better than any classroom. EJ ANSWER: The United States created the Federal Reserve in 1913. Prior to World War I, central banks were […]
ASIA: China and the US seem to have struck an agreement on how to proceed with the trade deal. Both countries acknowledge that continuing the trade war would not be beneficial to anyone. Over the weekend, Vice Premier Liu He said that the US and China were working at addressing each other’s core concerns – […]
ASIA: There is some concern over the latest figures of Chinese unemployment, which shows that 10.97 million new jobs were created. This is very close to the full-year government target of 11 million. US President Trump often bashes China and suggests that the trade war is costing them dearly, with more than “3 million jobs” […]
ASIA: The US and China seem to have different understandings regarding phase 1 of the trade deal. US President Trump was proud to suggest that China will be purchasing 50 billion USD worth of agricultural products. However, the Chinese Commerce Ministry did not mention a figure, but stated they will purchase according to the Chinese […]
ASIA: The US-China trade deal has been split up in two phases. Phase 1 is expected to be passed soon and entails pushing back the December 15th tariffs on Chinese goods. Phase 1 will introduce China to promises to protect US intellectual property rights, as well as increased purchases of US agricultural products between 40-50 billion […]
ASIA: China talked positively about trade with the US, saying they will step up purchases of US agricultural products. Chinese foreign minister Geng Shuang stated that the US and China are on the same page to reach a deal. He mentioned how a deal will have an importing meaning to world and will be beneficial […]
ASIA: According to Bloomberg, China wants to hold out for more talks before agreeing to “phase one” of the trade deal. Meanwhile, US Treasury Secretary Steven Mnuchin told the media that he would assume that more tariffs will be applied to China around December if no deal takes place before then. The breakthrough for the […]
ASIA: US President Donald Trump expressed an optimistic note at the end of the first day of trade talks in Washington DC. “We had a very, very good negotiation with China,” Trump told the media. Meanwhile, foreign firms in China have a clear road map for full ownership of financial services companies. By 2020, overseas […]
ASIA: Today top officials from China will be meeting their US counterparts to kick off the well anticipated trade negotiations. Tomorrow President Trump with meet with Chinese Vice Premier Liu He at the end of the talks. US President Trump tweeted, “Big day of negotiations with China. They want to make a deal, but do I?” […]
ASIA: A Chinese official has told Bloomberg that China is not expecting an agreement with the US this week although talks are due to start tomorrow. However, there is an idea floating around for a partial deal, which would see some of the tariffs lifted, but they stressed that this would not be possible if […]
