ASIA: The Trump administration is considering imposing export restrictions on China’s largest chip manufacturer Semiconductor Manufacturing International Corporation (SMIC). On Monday, SMIC Hong Kong listed shares plunged more than 20%. President Donald Trump said he intends to curb the US economic relationship with China, contrasting himself with Joe Biden by threatening to punish any American […]

ASIA: China may gradually cut its holdings of US Treasury bonds and notes, in light of rising tensions between Beijing and Washington, the Global Times reported. With China-US relations deteriorating over various issues including coronavirus, trade and technology, global financial markets are increasingly worried if China would sell the US government debt it holds as […]

ASIA: China’s population is projected to drop by half by 2100, calling into question the country’s future economic growth in the face of a sharp decline in its labor force. In contrast, America’s population and labor force is likely to be sustained if the Trump administration’s policy of reducing US immigration level is reversed. The […]

ASIA: The US Trade Representative’s office said on Tuesday it has extended China tariff exclusions for a wide range of goods, including smart watches and certain medical masks, through the end of 2020, rather than renewing the previous one-year extensions. The tariffs on some $125 billion worth of goods were set at 15%, then lowered […]

ASIA: China’s Alibaba Group has put on hold plans to invest in Indian companies, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border, Reuters reported. Alibaba, which has fuelled the growth of several Indian start-ups, will not put in fresh funds to expand its investments […]

  ASIA: Chinese financial technology group Ant has unveiled plans for a stock market debut that may raise a record $30bn. The company, affiliated with online retail giant Alibaba, says it will sell shares in Hong Kong and Shanghai. Ant, best known in China for the mobile payments powerhouse Alipay, was launched in 2004 by […]

The Phillips Curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. The Fed is actually recognizing that the Phillips Curve is dead. I have been warning that the Quantity Theory of Money is also dead because all the tremendous increases in the money supply […]

We have been battling in Europe over our report produced by Socrates on Bitcoin which the banks seem to be throwing into the same category as banned countries. Below is an excerpt from the clearing bank in Europe which is even banning Israel putting it in the same category as Iran and North Korea. The […]

ASIA: Top US and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday. China’s commerce ministry confirmed that the two sides had a “constructive dialogue” and agreed to continue pushing forward […]

ASIA: China’s e-commerce and food delivery giants are reaping the benefits of an increasing number of consumers shopping online and businesses trying to digitize, trends accelerated by the coronavirus outbreak. Chinese players have recently reported strong earnings for the second quarter as lockdown rules in the world’s second-largest economy relaxed. India is likely to see […]