ASIA: After more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much economic relief from their trade war it will offer. Tariffs will largely remain in place. Analysts say it’s unlikely that the deal […]
ASIA: President Trump’s trade war with Beijing reduced the US’ trade deficit with China last year, although Chinese manufacturers still export far more to the US than vice versa. China’s widening surplus provided ready ammunition to the Trump administration as it placed round after round of tariffs on the country’s goods to get Beijing to […]
ASIA: All eyes will be on the signing of the US and China trade deal that is due to occur on Wednesday when Vice Premier Liu will be heading with his entourage to Washington. It seems previous tensions are easing ahead of the talks. The US today removed China off the currency manipulator list […]
ASIA: Apple saw a huge boost in iPhone sales in China last month, but embattled tech giant Huawei won’t giving up the top spot anytime soon. Sales for the iPhone jumped 18% in December compared to the same month a year earlier, according to data from the China Academy of Information and Communication Technology. The […]
QUESTION: Mr. Armstrong; I was told that you were indeed the largest forecaster in foreign exchange. The story in London is you advised nearly all the Middle East and were the most important adviser on currency to BCCI, the bank the governments took down back in 1991 along with Salomon Brothers. They made a movie […]
ASIA: The United States and China continued trade talks in Beijing for an unscheduled third day, US officials said. There are signs of progress on issues including purchases of US farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest economies were further apart on […]
Many people continually talk about the dollar crashing. They say the dollar is supposed to crumble to dust and be dispersed into the wind. The bias against the dollar has been turned into a religion primarily propagated by the gold promoters. Unfortunately, they fail to understand the relationship of the dollar to the world economy. […]
ASIA: China has announced they will ban all foreign materials from the classroom in order to keep students focused on the “Chinese” way. The Ministry of Education said that they will insist that education materials promote Marxism and reflect the Chinese style. “All primary and secondary school teaching materials must reflect the will of the […]
ASIA: Tesla’s CEO Elon Musk announced they will start exporting cars from China and will build unique cars from the Chinese gigafactory.”Something that would be super cool … So we’re going to do it … is to try to create a China design and engineering center to actually design an original car in China for […]
ASIA: China has replaced their liaison officer with Hong Kong over the manner in which the protests were handled. The new liaison officer was quick to offer a way back to China by urging Hong Kong they must return to the “right path.” Luo Huining was confident he was able to stabilize the country and […]
