China urges US to stop politicizing COVID-19
Beijing – China urged the United States to stop politicizing COVID-19 and stigmatizing China, Chinese Foreign Ministry Spokesperson Geng Shuang said Monday. Geng made the remarks at a press briefing in response to a question regarding recent allegations from the … Continue reading China urges US to stop politicizing COVID-19
Mnuchin hopes to close deal on coronavirus aid package
WASHINGTON – The U.S. Treasury secretary and the Senate Democratic leader voiced confidence late on Monday for a deal to be reached soon on a far-reaching coronavirus economic stimulus package that had been stalled in the U.S. Senate as lawmakers … Continue reading Mnuchin hopes to close deal on coronavirus aid package
Long-term Benefits for China and the World Economy
Shanghai– After almost two years of trade tensions and negotiations, the US and China have finally signed on the Phase One trade agreement. A key US demand is that China will increase imports from the US by at least USD … Continue reading Long-term Benefits for China and the World Economy
USA: Lawmakers request 2,5 billion USD to fight virus
WASHINGTON – The White House on Monday sent lawmakers an urgent $2.5 billion plan to address the deadly COVID-19 outbreak, whose rapid spread and threat to the global economy rocked financial markets.The White House budget office said the funds are … Continue reading USA: Lawmakers request 2,5 billion USD to fight virus
U.S. Agriculture: No need for more farm aid
AUSTIN, Texas – With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase 1 China trade deal, the U.S. Agriculture Secretary said on Monday there is no need for a third year of … Continue reading U.S. Agriculture: No need for more farm aid
China: Bilateral relationship with U.S. under pressure
Beijing – China said Friday its relationship with the United States had experienced serious difficulties, but they should work in accordance with the consensus reached by the two countries’ leaders to push forward a stable bilateral relationship. Chinese Vice Foreign … Continue reading China: Bilateral relationship with U.S. under pressure
Global investors undeterred by trade war
Shanghai/Hong Kong – Trade wars and softer growth are unlikely to dissuade global investors from diving into the world’s second-largest economy as they seek better returns, participants in the Reuters Global Investment Outlook 2020 Summit said this week. Although economic … Continue reading Global investors undeterred by trade war
Thailand: Trump snubs meeting with ASEAN leaders
Bangkok – US President Donald Trump is skipping a summit with leaders of the Association of Southeast Asian Nations (ASEAN) for the second year in a row, even as the regional grouping grapples with new economic and security challenges including China’s assertiveness in … Continue reading Thailand: Trump snubs meeting with ASEAN leaders
U.S. suspends first phase of China Tariff hike
Washington – U.S. President Donald Trump outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before … Continue reading U.S. suspends first phase of China Tariff hike
Singapore: World’s most competitive economy
Singapore – Singapore has climbed one notch to become the world’s most competitive economy, according to the World Economic Forum (WEF), overtaking the United States. Singapore scored 84.8 out of a 100 on WEF’s scale, beating other countries especially in terms of … Continue reading Singapore: World’s most competitive economy