ASIA: Export figures were released from China this weekend and show that the situation between the two largest economies is getting worse. The exports to the US showed a twelfth consecutive decline. A further round of Chinese tariffs set by the US is also expected to be set by the 15th of December, further adding […]
ASIA: More ups and downs regarding the US-China trade deal, with China suggesting they will remove tariffs on soybeans and pork as a gesture of goodwill. Meanwhile, US advisor to the White House Kudlow stated that the trade deal is in a better place than where they were mid-November, but also hinted that US President […]
ASIA: China warned the US that a “price must be paid” for the latest sanctions imposed due to the China’s oppression of the people of Uighur decent. It seems this is a step back in the long discussions over the trade war. Japan, under Prime Minister Abe, has approved a stimulus package worth in excess […]
ASIA: US President Donald Trump sounded a little more optimistic over the trade deal with China today, having stated that current talks are going very well. Yesterday, President Trump sent the market into a slight frenzy suggesting that perhaps it would be better to wait until after the elections in November next year to […]
ASIA: US President Trump has suggested that the trade deal with China might have to wait until after the 2020 election in November. “I have no deadline, no. In some ways, I think I think it’s better to wait until after the election with China,” Trump told reporters at a NATO meeting in London. This caused […]
ASIA: China has suspended a visit from the US Navy in Hong Kong after last week’s passing of the bill which requires the US to annually monitor Chinas compliance with human rights issues. China did manage to retaliate by placing sanctions on a few US human rights groups. “We urge the US to correct the […]
ASIA: The US signed the Human Rights and Democracy Act into law, which requires the US to continue to monitor Chinese actions regarding Hong Kong citizen’s rights and freedoms. China issued the US a stern warning that if it continues to support a pro-democracy movement in Hong Kong, they will take “firm counter-measures.” The Chinese […]
ASIA: Chinese economic news today showed that industrial profits have had the biggest fall since 2011 in October. The trade war is the obvious culprit here with the global economy turning down. The industrial profits are down 9.9% year-over-year, and down 5.3% from September alone. US President Trump announced that he and President Xi of […]
ASIA: Top US and Chinese negotiators held an agreement this morning regarding the trade war. The Chinese commerce ministry said they have reached a “common understanding.” They also jointly stressed that they are working on resolving core issues of common concern, and that communication will be open for the remaining issues related to “phase one.” […]
ASIA: The recent elections in Hong Kong have given a landslide victory to pro-democratic parties. However, Beijing reiterated that Hong Kong will always be ruled by China. The foreign minister said at a G20 meeting in Tokyo, “No matter how the situation in Hong Kong changes, it is very clear that Hong Kong is a […]
