China’s President Xi Jinping says his country will “significantly lower” import tariffs on automobiles as part of a broader move to open up its economy amid a major trade dispute with the U.S. In a…
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Xi Says China To Lower Trade Barriers As Beijing Files WTO Complaint Against U.S.
Trump complains about ‘stupid trade’ with China
“This is a problem caused by China, not a problem caused by President Trump,” Kudlow said on “Fox News Sunday.” But he also downplayed the tariff threat as “part of the process,” suggesting on CNN…
China says hiked U.S. duties violate international trade rules
China is filing a complaint with the World Trade Organization against U.S. tariffs on steel, aluminum products. The Geneva-based trade body said Tuesday that China has requested 60 days of consultations with the United States…
China’s Xi renews pledges to open economy, cut tariffs this year
Xi also said China would speed up opening up of its insurance industry, with Shanghai Securities News citing a government researcher after the speech saying foreign investors should be able to hold a controlling stake…
Vanuatu and China deny holding military base talks
In Beijing, China’s defense ministry said the Fairfax report “completely did not accord with the facts”, while a foreign ministry spokesman described it as “fake news”. Fairfax said Chinese naval ships would dock to be…
China state media say 4 popular news apps suspended
BEIJING — Four popular Chinese news apps have been temporarily removed from the Android store in China following an order from regulators to tighten control over the spread of information, state media reported Monday. Toutiao,…
Ford to launch five new, redesigned car models in China in 2018
BEIJING (Reuters) – Ford Motor Co , struggling to revive sales in China, on Tuesday unveiled five new models for the world’s biggest auto market, part of a business revitalization effort centered around a plan…
Stocks rally as Xi calms jitters over U.S.-China trade row
Toyota Motor Corp (Tokyo:7203.T – News) and Honda Motor Co (Tokyo:7267.T – News), which have operations in China, rallied 1.9 percent and 2.1 percent, respectively. “By and large it appears that the speech is more…
China stocks have best day in 7 weeks as Xi’s speech eases trade war fears
Xi also said China would speed up opening up of its insurance industry, with Shanghai Securities News citing a government researcher after the speech saying foreign investors should be able to hold a controlling stake…
China’s president offers US possible trade concessions
BEIJING (AP) — President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors…
HSBC to redouble efforts in China under new leadership
HSBC will seek to cut internal bureaucracy and expand investment in China’s southern region to the rest of the country, executives at the bank said, in the first hints of the strategy to be pursued…
China is said to be evaluating yuan devaluation as a tool in trade spat
China’s central bank didn’t immediately respond to a faxed request for comment. “It seems as if Beijing is showing the full extent of policies they could deploy in response to Trump’s protectionist rampage,” said Viraj…
People’s Bank of China Plans Wider Crackdown on Cryptocurrency
The People’s Bank of China (PBOC) is planning more draconian measures on domestic cryptocurrency operations, dashing hopes that the world’s second-largest economy would ease last year’s blanket ban on the asset class. // — Discuss…
