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September 11, 2019
ASIA: Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a […]
September 10, 2019
ASIA: In a strategy to open Chinese markets to the international investors, China scrapped the rule that limits international funds to purchase Chinese stocks and bonds. The State Administration of Foreign Exchange said today that it has removed the 300 billion USD cap on international purchases of the assets. This is a significant step in […]
September 9, 2019
ASIA: US Treasury Secretary Steven Mnuchin said today that the US and China has a “conceptual” agreement on enforcement concerns, stating positive progress has already been made. He did also mention an area of concern which is Chinese currency practices, and confirmed it will be a topic of focus when the two countries officials meet […]
September 6, 2019
ASIA: China took more action to boost its economy by reducing the amount of cash banks have in reserve. The PBC said it would reduce the reserve requirement ratio for most financial institutions by 50 basis points. The first in the over eight months. The step is expected to release nearly a trillion yuan into […]
September 5, 2019
ASIA: There was a somewhat successful call yesterday between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The call concluded that the US and China will resume trade talks in person at the beginning of October. In the run-up to the event, the two countries will hold a discussion in order to […]
September 4, 2019
ASIA: China today has officially filed a complaint with the World Trade Organization (WTO) as the US raised tariffs from 10 to 15 percent over the weekend on 300 billion USD worth of Chinese goods. China has asked for the WTO to act as a mediator to convince the US to reduce or end the […]
September 3, 2019
ASIA: Over the weekend the U.S. imposed a 15% tariff on a range of Chinese goods. Today, China returned the favor by imposing new charges on US. products. US President Trump tweeted today regarding the progress of the US-Chinese trade talks: “We are doing very well in our negotiations with China. While I am sure […]
August 30, 2019
ASIA: China today told Philippines President Duterte that the disputed area of the South China Sea was not up for negotiations as President Xi and Duterte met in Beijing. However, China was willing to work together to effectively manage the issue. With Duterte in his final term as presidency, critics back in his native country […]
August 29, 2019
ASIA: Chinese military vehicles today have been seen moving into Hong Kong according to reports. However, according to the state run news agency Xinhua, this was just an annual exercise to make a schedule rotation. Of course, due to the tensions this could be seen as Chinese steps to military control of the region. Chinese […]
August 28, 2019
ASIA: Tensions are rising between the US and China as one US Navy warship was denied to dock in the port city of Qingdao. This is the second event in the space of a month where China denied the US; the previous being when two naval ships denied permission to dock in Hong Kong. Little […]