Fosun International is in talks with Alibaba and others to sell a stake worth $1.3 billion in the e-commerce giant’s Cainiao, three people said, at a time when Alibaba has been increasing … ( read…
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China says it has agreed with India to take steps to ease border tensions
Chinese foreign ministry spokesman Zhao Lijian also described recent media reports of 40 Chinese casualties in the conflict as “fake news”. ( read original story …)
Risk currencies recover after Navarro walks back China comments
The Australian dollar and other risk-sensitive currencies bounced back from sharp falls on Tuesday after White House trade adviser Peter Navarro said his comments that the trade deal with China was … ( read original…
European stocks open higher, brushing off concerns over U.S.-China trade deal and coronavirus
European stocks opened higher Tuesday despite some concerns over the state of the U.S.-China trade deal, and a surge of coronavirus cases in the U.S. and elsewhere. ( read original story …)
Shenzhen tightens supervision at food markets
Due to pandemic risks, Shenzhen has started strengthening its supervision of its market environment, food products and workers in food transportation and marketing from June 13. As of June 16, 472 … ( read original…
EU business body fears China-EU investment deal will not be finished this year
The president of European Union Chamber of Commerce in China said on Tuesday that he doubts the China-EU investment agreement will be finished this year. ( read original story …)
First China, Now India – U.S. Flight Disputes Grow To Air India’s Vande Bharat Repatriation During Covid-19
Domestic U.S. flights may be increasing, but a stronger rebound cannot occur without India and other countries easing restrictions. ( read original story …)
China launches final satellite in Beidou navigation system to rival GPS
The 55 Beidou project satellites will try to emulate American navigation tool known as GPS … ( read original story …)
Trump Official Says US-China Trade Deal Is ‘Over’ Then Backtracks On Statements
Peter Navarro announced the demise of Trump’s much-touted phase one deal with China only to walk back on his statement and say he was misquoted. ( read original story …)
U.S. Trade Adviser Navarro Backtracks After Calling China Trade Deal ‘Over’
“My comments have been taken wildly out of context,” Navarro said. “They had nothing at all to do with the Phase I trade deal.” … ( read original story …)
US meat industry puzzled by China’s import ban for 1 plant
China’s decision to ban imports from a single Tyson Foods poultry plant where there was a coronavirus outbreak has raised concerns about the implications on the U.S. meat industry if the action is exp ……
Pompeo urges China to release two detained Canadians after ‘groundless’ charges
In a statement Monday, Secretary of State Mike Pompeo said Washington was “extremely concerned” about the decision to file espionage charges against Michael Kovrig and Michael Spavor, who have been … ( read original story…
Boost for Beijing: pro-China president wins re-election in Kiribati
Taneti Maamau was re-elected on Monday to a second term as Kiribati’s president just two months after losing his parliamentary majority over his surprise move to recognise China and cut official … ( read original…
