ASIA: US trade representative Robert Lighthizer has accused China of backtracking on agreement within trade talks but has insisted a deal with China is still possible. Vice Premier Liu will be visiting Washington this week. More in US section below. In other news, China will not take part in three-way nuclear talks with the US […]
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ASIA: China today sentences a second Canadian to death for drug smuggling, earlier in the year the two countries had a tense relationship due to the handover of Huawei’s CEO daughter to the US. Washington commented on the Chinese Belt and Road initiative as a huge strategic mistake by allowing China to be at the […]
ASIA: A large rally (people, not stocks) took place in Hong Kong today appealing against the countries extradition law. The proposed law will allow suspect to be sent to mainland China for trail. It is believed over 100 thousand people took part in the protests. Regarding US and China relations the US Treasury Secretary Mnuchin […]
ASIA: Japanese PM Abe has been in advanced talks since the beginning of the week with European Leaders, discussions about protectionism and free trade agreements were at the forefront of the conversation. Due to current trade agreements savings in excess of 1.1billion Euros for European businesses exporting to Japan. The backdrop of the conversation was […]
ASIA: The bank of Japan announced they plan on keeping interest rates low until the spring of 2020, as weaker global demand and Chinese-US relations were taking a toll on the export reliant economy. China today announced that a French warship had entered the Taiwanese strait earlier this month. In a surprising move by the […]
ASIA: The North Korean leader Kim Jong-un visits Russia for the first time near the city of Vladivostok. Talks are due to commence tomorrow between the two nations as Russia wishes to discuss North Korea’s nuclear problem. This, along with continued efforts to engage with China, is a continued effort for North Korea to hedge […]
Asia: Chinese coffee company Luckin filed papers for an IPO in the U.S. This is a big move for the Starbucks competitor, and follows other China-based companies who have listed in United States (Alibaba, Baidu, etc). The company is only 18 months old and has demonstrated fantastic growth with plans to open 2,500 additional shops […]
Asia: The somewhat controversial Chinese company Huawei posted a 39% increase in first quarter revenue, despite pressure from the US government. Huawei is investing heavily in the realm of 5G networks, which offer speeds of up to ten times that of the current 4G technology. There are currently many scientists who are against the new […]
Asia: Amazon announced they will shut down its China marketplace business, effectively ceding the market to Alibaba and JD.com. The business will wind down in July, giving ample time for sellers using the services to transfer to other providers. Amazon does plan to continue to support “cross-border” business – that is, importing goods into China […]
