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 […]

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 […]

ASIA: The US and China have agreed to go back to the negotiating table in the coming days to review the progress of their “phase one” trade deal, the Chinese commerce ministry said in a statement. Both sides will hold the “discussion over the phone,” the ministry said. It comes after talks scheduled for last […]

ASIA: US President Donald Trump on Tuesday said he postponed trade talks with China, adding that he does not want to talk to China right now. Representatives from the United States and China had been scheduled to discuss the implementation of their so-called Phase 1 trade deal on Saturday, but those talks were canceled. India’s […]

ASIA: The Trump administration on Monday announced it would further tighten restrictions on Huawei Technologies Co, aimed at cracking down on its access to commercially available chips. The US Commerce Department’s actions expanded limits announced in May were aimed at preventing the Chinese telecommunications giant from obtaining semiconductors without a special license — including chips […]

ASIA: The website of Notepad++ is banned in China as of Monday due to its release of editions named “Free Uyghur” and “Stand with Hong Kong,” the source code and text editor announced on Twitter. Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, Reuters reported, as […]

ASIA: China’s retail sales slipped in July, dashing expectations for a modest rise as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory sector’s recovery struggled to pick up pace. Retail sales dropped 1.1% year on year, missing predictions for a 0.1% rise and following June’s 1.8% […]