China has threatened “countermeasures” against the US after it criticised Beijing’s plan to impose a national security law on Hong Kong. On Friday, the Chinese embassy in Washington accused the US, … ( read original…
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VW spending $2.2B to expand in China’s electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country shut down to fight the coron … ( read…
Asia shares fall as US-China tensions douse rally on Wall St
Shares are mostly lower in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions … ( read original story …)
China-Backed AIIB Approves $750 Million Loan for Philippines’ COVID-19 Response
Over one million small enterprises will also benefit from wage subsidies as part of the project, it said. The loan is part of a $10 billion funding facility the AIIB has announced to help public…
China says wants ‘peaceful reunification’ with Taiwan
The head of China’s Taiwan Affairs Office said on Friday that “one country, two systems” and “peaceful reunification” is the best way to bring China and Taiwan together. ( read original story …)
Twitter flags China spokesman’s tweet on COVID-19
Twitter has flagged a tweet written in March by a Chinese government spokesman that suggested the U.S. military brought the novel coronavirus to China, as the social media platform ramps up … ( read original…
Korea Cases Climb; India Death Toll Tops China: Virus Update
The death toll in India surpassed the number of lives lost in China, while Brazil’s cases hit another daily record as hot spots shift to developing countries ill-equipped to contain its spread. ( read original…
China reports no new coronavirus cases for May 28
China reported no new confirmed coronavirus cases in the mainland as of the end of May 28, down from two a day earlier, the country’s health authority said on Friday. The National Health Commission ……
Trump’s China press conference could mark the end of his cautious approach to Beijing
With tensions over Hong Kong near a boiling point, Americans will get a chance to see if there’s a bite behind Trump’s China bark. ( read original story …)
Dollar in narrow range as focus shifts to Trump’s China response
The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.S. President Donald Trump’s response to China’s passage of a national security law for Hong Kong. ( read original…
Trump Is Offering to Mediate in the India-China Border Dispute. Here’s What to Know About the Escalating Tensions
Tensions along the 2,000 mile stretch have been high for decades, with the Indian government reporting more than 1,000 mostly minor incursions by Chinese troops between 2016-18. But hostilities have … ( read original story…
U.S.-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus can jump-start the world economy. ( read original story …)
Asia Pacific stocks set to fall as investors watch market reaction to China’s security bill for Hong Kong
Futures pointed to a lower open for stocks in Japan and Austrlaia. Investor focus on Friday will likely be on U.S. President Donald Trump’s upcoming press conference, expected sometime on Friday … ( read original…
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