Home » Tag Archives: China

Tag Archives: China

India To Evaluate RCEP

India has not closed the door on the Regional Comprehensive Economic Partnership (RCEP), Indian foreign minister S. Jaishankar said recently, adding that New Delhi’s concerns were clearly expressed and the ball was in the court of the partner countries. According to the minister, there was a substantial gap between India’s position and that of other countries in the RCEP — 10 ...

Read More »

Trump’s Trade Wars Continues To Ripple Through U.S. Economy

As U.S. President Donald Trump and Chinese Vice Premier Liu He prepare to sign the ‘phase 1’ trade deal, data show that the costs of Trump’s trade wars are proving more widespread, deeper and longer-lasting than previously believed. Research from the U.S. Federal Reserve and other top economists shows that U.S. tariffs on Chinese industrial components and materials, which largely won’t be lifted ...

Read More »

Zimbabwean President Mnangagwa Meets Chinese Top Diplomat

Zimbabwean President Emmerson Mnangagwa met with visiting Chinese State Councilor and Foreign Minister Wang Yi in Harare. Zimbabwe and China enjoy profound friendship and Zimbabwe regards China as a sincere and reliable friend. The Zimbabwean leader said that he has met with Chinese President Xi Jinping many times and the two heads of state decided to elevate bilateral relations to a ...

Read More »

Details Of Phase One Deal Revealed

China has committed to making large scale purchases of US$200 billion of American goods as part of the phase one trade deal. Purchase target for manufactured goods of around US$75 billion, with China also committing to buy huge amounts of energy, agriculture and services. The target for manufactured goods purchases will be the largest, worth around US$75 billion, US$50 billion worth ...

Read More »

European Shares Inch Lower Ahead Of Sino-U.S. Trade Deal

European shares treaded water as investors awaited the signing of an initial trade truce to end a prolonged U.S.-China tariff dispute, with attention also turning to the fourth-quarter corporate earnings season. The Phase 1 Sino-U.S. trade deal, due to be signed in Washington soon, marks the first step in winding down the prolonged and damaging trade war. In further signs of goodwill, ...

Read More »

China Says 2019 Exports Rose 0.5%

China’s 2019 exports rose 0.5% in U.S. dollar terms, though total trade for the year declined slightly. According to Vice Minister of General Administration of Customs Zou Zhiwu, the phase 1 deal between Washington and Beijing will see China increase imports from the United States but won’t affect China’s imports from other countries. This deal will be signed soon, marking a significant de-escalation but ...

Read More »

China’s Vice Premier Coming To Washington To Sign Trade Deal

  China’s economy czar will visit Washington next week for the signing of an interim trade deal, the government said. Vice Premier Liu He, Beijing’s chief envoy in talks with Washington over their tariff war, had been expected to attend the signing but the Commerce Ministry’s statement was the first official confirmation. Washington postponed planned tariff increases following the announcement of ...

Read More »

Europe’s Green Deal Could Open A New Front In The Trade War

In mid-January, U.S. President Donald Trump is slated to sign a so-called phase one trade deal with China, which may put the U.S.-Chinese trade war on the back burner for the coming year. But that doesn’t mean the United States’ trade disputes are over. In fact, all signs now point to a trans-Atlantic trade war taking center stage in 2020. ...

Read More »

Tax hike, Global Slowdown Set To Dent Japan’s Economic Growth In 2020

Japan’s economic growth is expected to slow modestly in 2020, as a consumption tax hike combined with a sluggish global economy are poised to drag on flagging consumer spending and exports. The government’s 26 trillion yen ($237 billion) stimulus package and Tokyo Olympics and Paralympics-linked spending by tourists will serve to underpin the world’s third-largest economy. Japan’s real gross domestic ...

Read More »

China, Korea, Japan Use Non-Tariff Barriers To Impede Imports

Countries like China, South Korea and Japan may boast of low tariffs but they have erected huge non-tariff barriers (NTBs), most of which are tailored to mask the ferocity of trade protectionism, in a bid to control the imports they deem undesirable. An internal analysis of the Indian commerce ministry ahead of the country’s pull-out of the RCEP deal in ...

Read More »