A long-standing rift between Treasury Secretary Steven Mnuchin and the President’s nationalist trade adviser Peter Navarro hit new levels on the sidelines of trade talks in Beijing earlier this month. Navarro fought with Mnuchin during…
Monthly Archives For May 2018
On Trade, the U.S. and China Consider the Unthinkable: Breaking Up
For example, Mr. Trump’s proposed tariffs will not touch the consumer electronics industry, in an acknowledgment that the business of making iPhones and Xboxes will stay in China for the foreseeable future. Foxconn, a Taiwanese…
The Contours Of A China-U.S. Agreement
Recent events have shed some light on a likely China-U.S. agreement fairly soon. Key to such was Trump’s order for ZTE’s sanctions to be lightened so that it can remain in business. In return, he…
China unlikely to meet US requests to cut $200 billion on trade surplus
Moody’s does not believe that China can satisfy US requests to reduce its trade surplus with the US by $200 billion by 2020 Moody’s Investors Service says that it does not believe that China can…
Chinese banks overshadow Western counterparts in latest global bank rankings
China’s ‘Big Four’ banks – Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China, remained as the top four banks by assets year-over-year, posting a combined $13.637…
Bank of China Eyes Move to Geneva
Zurich has managed to attract two Chinese banks in recent years, while Geneva has thus far missed out. This could however change, which would be a blessing for the city. Wembing Geng, the Chinese ambassador…
Lithuania central bank welcomes Chinese FinTech companies
By strengthening relations with China’s FinTech sector, the central bank and the banking supervisor, Lithuania “will open the door to China more widely for our own businesses.” Vasiliauskas will attend a financial forum scheduled on…
DIFC and China consider future collaboration
DIFC is the regional headquarters to China’s four largest banks in terms of total assets; Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. In 2017, DIFC continued to see growth…
Starbucks aims to triple China revenue by 2022
Starbucks Corp is looking to more than triple its revenue and almost double its store count in China over the next five years, doubling down on the market as traffic growth comes under pressure in…
L.A. Times Suspends Beijing Bureau Chief After Accusations
The Los Angeles Times said Tuesday that it was suspending Jonathan Kaiman, its Beijing bureau chief, amid accusations of sexual misconduct. The move followed accusations against Mr. Kaiman by a fellow journalist, Felicia Sonmez, who…
China, Airbus investigating after blown-out windshield on plane forces emergency landing
Sichuan Airlines flight 8633 was en route from Chongqing, China, to Lhasa, Tibet, on Monday morning when the cockpit window on the A319 jet flew off, the country’s aviation regulator said. The co-pilot’s seatbelt prevented…
China urges North Korea to proceed with Trump summit amid threats
BEIJING — China urged its ally North Korea on Wednesday to proceed … and maintain peace and stability in the region,” Lu said at a regularly scheduled news briefing. Kim and Trump are due to…
China Mobile (Beijing) and Huawei Sign MoU on Joint Innovation in Big Video and Premium Networks
[Shenzhen, China, May 16, 2018] China Mobile (Beijing) and Huawei signed a memorandum of understanding (MoU) in Shenzhen on joint innovation in big video and premium networks. The two parties plan to collaborate on building…
