BEIJING, China, June 14– Huawei Technologies issued the following news: China Mobile (CMCC), Intel and Huawei announced that the three parties completed 5G interoperability and development testing (IODT) in compliance with the latest 3GPP Release15…
Monthly Archives For June 2018
China threatens tariffs on US lobsters as business booms
PORTLAND, Maine — A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese officials announced…
Slowdown, default risks to prompt China reserve cut-sources
BEIJING (Reuters) – Having reduced the amount of reserves that lenders must hold just two months ago, China’s central bank could soon do it again to support a slowing economy and contain risks posed by…
China responds to Trump tariffs, hikes import duties on American goods
China has fired back in a spiraling trade dispute with President Donald Trump by raising import duties on a $34 billion list of American goods including soybeans, electric cars and whiskey. The government said Saturday…
With tariffs, Trump starts unraveling a quarter-century of U.S.-China economic ties
“These are state policies where they are targeting certain industries.” Trump’s complaints about China’s trade practices are shared by many business leaders. But there is little support for using import taxes, which are paid by…
U.S. and China Expand Trade War as Beijing Matches Trump’s Tariffs
WASHINGTON — The Trump administration on Friday escalated a trade war between the world’s two largest economies, moving ahead with tariffs on $50 billion of Chinese goods and provoking an immediate tit-for-tat response from Beijing.…
Beijing responds to US B-52 bombers flying over South China Sea with anti-aircraft drill
Beijing has carried out anti-aircraft drills with missiles fired against drone targets over the South China Sea after the US challenged it by flying B-52 bombers across the region. China’s drills were intended to simulate…
China Citic Bank outlines big ambitions for new Kazakh unit
ALMATY, June 15 (Reuters) – China Citic Bank Corp has set a target to more than triple the assets of its newly acquired Kazakh unit, Altyn Bank, within three years, saying it can take advantage…
China Targets U.S. Farm Imports With Tariffs on Soybeans, Corn
An additional 25 percent tariff will levied on about $50 billion of U.S. imports, China’s Ministry of Finance said Saturday in a statement on its website. Tariffs on about $34 billion of those imports will…
Trade War’s Battle Lines Drawn as U.S., China Set Tariff Lists
Consumer goods including mobile phones and televisions aren’t being hit with the tariffs. Hours later — early Saturday in China — the nation’s Finance Ministry issued a list of 545 product categories, also covering about…
Plummeting Import Tax Means Big Business for China’s Jewelry Market
As China’s jewelry import tax drops by an average of 20.7 percent, opportunity knocks for foreign luxury brands looking to boost mainland China sales. According to a recent announcement by the Ministry of Finance of…
China Unicom Becomes Oversold
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is…
Trump’s China Tariffs Met With Retaliation Vow From Beijing
The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate…