China’s producer prices stall, fuel deflation worries
Beijing – China’s producer prices flatlined in June on lower oil prices and weak global demand, fuelling concerns that a slowdown in manufacturing from a bruising trade war will further drag on growth in the world’s second-biggest economy. The producer … Continue reading China’s producer prices stall, fuel deflation worries
Indonesia: President vows to invest in tech skills
Jakarta — Indonesian President Joko Widodo appeared at ease as he rode Jakarta’s new MRT alongside the Japanese ambassador on June 25, stopping to pose for selfies with passengers. Riding the MRT has become a signature publicity stunt for “Jokowi,” … Continue reading Indonesia: President vows to invest in tech skills
China opens industries to foreign investment
Beijing – China’s state planning agency on Sunday said it had cut the number of sectors subject to foreign investment restrictions, as Beijing moved to fulfil its promise to open major industries. The loosening in curbs, though widely anticipated, comes … Continue reading China opens industries to foreign investment
Trade war wake-up call for Chinese companies
Dalian – China’s economy is faring relatively well despite the difficulties brought by the China-US trade war, executives and experts said at the ongoing Summer Davos 2019 in Dalian, Northeast China’s Liaoning Province on Monday. One outcome of the trade war could … Continue reading Trade war wake-up call for Chinese companies
Counting the Global Cost of the U.S.-China Trade War
Washington/Beijing – The U.S.-China trade war has entered a dangerous new phase. Tariffs are up and there’s the threat of more to come. A quick fix is still possible, with Presidents Donald Trump and Xi Jinping set to meet at the G-20 … Continue reading Counting the Global Cost of the U.S.-China Trade War
China capable of keeping RMB exchange rate stable
Beijing – A senior central bank official on Thursday reiterated that China is “capable and confident” of keeping the renminbi exchange rate generally stable on a reasonable and balanced level. China has gained much experience in dealing with exchange rate … Continue reading China capable of keeping RMB exchange rate stable
China banks show modest profit growth
Beijing – China’s five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown.Net profits at the country’s … Continue reading China banks show modest profit growth
The Trade Wars: The Pain and the Gain
Geneva – Neither protagonist in the U.S.-China trade war stands to benefit from their standoff, the U.N. said Monday, suggesting others could cash in instead, with the EU possibly winning big. In a report, the U.N. Conference on Trade and … Continue reading The Trade Wars: The Pain and the Gain
More Chinese provinces cut growth targets
Beijing – More Chinese provinces have cut their annual growth targets in 2019 than the year before, a sign of deepening pessimism among local governments amid weakening domestic demand and an prolonged trade dispute with the United States. The lower … Continue reading More Chinese provinces cut growth targets
ASEAN: China promotes use of yuan
Shanghai – China published a five-year blueprint seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan currency. China’s state council, or cabinet, has agreed to build … Continue reading ASEAN: China promotes use of yuan