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TRADE WARS

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Chinese family say they were scammed over $6.5mn Stanford payment
May 03, 2019 (AFP)
American academia has been rocked by a colossal bribery scandal run by William "Rick" Singer who has pleaded guilty to working with corrupt coaches, university ...
Pence: tariffs part of enforcement in a US-China trade deal
May 03, 2019 (AFP)
Pence told CNBC television that President Donald Trump remained "very hopeful" about the current round of trade talks, which officials have repeatedly said are ...
HSBC posts strong jump in pre-tax profit, reins in costs
May 03, 2019 (AFP)
The London-based behemoth also said it had reduced reported operating expenses by 12 percent as group chief executive John Flint embarks on a planned overhaul a...
UK's May sacks defence minister Williamson over Huawei leak
May 01, 2019 (AFP)
"The Prime Minister has this evening asked Gavin Williamson to leave the government, having lost confidence in his ability to serve in the role of Defence Secre...
'Good to see you': US, Chinese negotiators resume trade talks
May 01, 2019 (AFP)
Vice Premier Liu He, a close aide to President Xi Jinping, greeted US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin for discussio...
US, Chinese negotiators hold 'productive' trade talks
May 01, 2019 (AFP)
Chinese Vice Premier Liu He, a close aide to President Xi Jinping on economic matters, met with US Trade Representative Robert Lighthizer and Treasury Secretary...
US trade negotiators arrive in Beijing for more talks
Apr 30, 2019 (AFP)
The US side indicated before their trip that China's massive industrial subsidies would be a top issue as the world's two leading economies seek to resolve a di...
Chinese bank profits rise, but so do bad loans
Apr 30, 2019 (AFP)
Industrial & Commercial Bank of China (ICBC) -- the world's largest bank by assets and several other yardsticks -- posted a net profit of 82.0 billion yuan in t...
China factory activity softens despite stimulus
Apr 30, 2019 (AFP)
The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 50.1 for the month, down from 50.5 in March, the National Bureau of Statisti...
China police smash $30m fake Lego ring
Apr 27, 2019 (AFP)
Police earlier this week raided the premises of Lepin -- a Chinese toymaker manufacturing Lego knockoffs in the southern city of Shenzhen -- arresting four peop...
Xi says more nations joining Belt and Road, $64bn in deals
Apr 27, 2019 (AFP)
Xi and 37 world leaders wrapped up a three-day forum in Beijing with pledges to ensure that projects on the new Silk Road are green and financially sustainable ...
Xi asks for 'fair and friendly' treatment for Chinese
Apr 26, 2019 (AFP)
Beijing and Washington have been locked in a bruising trade war -- which negotiators have been working to resolve -- but there has also been a growing strategic...
China's Xi aims to soothe Belt and Road fears
Apr 26, 2019 (AFP)
Xi made his remarks at a summit on his signature foreign policy, which aims to reinvent the ancient Silk Road to connect Asia to Europe and Africa through massi...
Xi says will abolish anti-competitive subsidies to Chinese firms
Apr 26, 2019 (AFP)
Xi repeated past promises to lower tariffs, increase imports and open up more sectors of China's economy to foreign businesses. The pledge comes as top US negot...
FBI director lashes China over economic espionage
Apr 26, 2019 (AFP)
Wray, speaking at the Council on Foreign Relations (CFR) in Washington, said China poses a "multi-layered" threat to US interests. "Economic espionage dominates...
Caterpillar has Q1 bump in sales, revenues; decline in China seen
Apr 24, 2019 (AFP)
However, the company, a Dow member and bellwether for the global economy, faces declining market share in China as competitors lower their prices, a top executi...
Top US officials heading to Beijing for trade talks: White House
Apr 24, 2019 (AFP)
"United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Beijing for continued negotiations on the trad...
Divided Europe faces China Belt and Road test
Apr 24, 2019 (AFP)
The list of European leaders attending the showcase for China's global influence -- held Thursday through Saturday -- is dominated by eurosceptics and populists...
Luckin Coffee, Starbucks rival in China, files for US IPO
Apr 23, 2019 (AFP)
Luckin estimated its offering size at $100 million in its Monday filing with the US Securities and Exchange Commission but noted the figure was only set to calc...
China wins Belt and Road fans but criticism persists
Apr 23, 2019 (AFP)
The Belt and Road Initiative (BRI) envisages massive investments in maritime, road and rail projects across 65 countries from Asia to Europe and Africa that col...
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