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Trade War - SERIES 217 {13 articles}

China pumps $109bn into economy as trade war bites on growth

10/7/2018, 7:07:23 AM
Central bank slashes the reserve requirements for banks, freeing extra cash for infrastructure and businesses ✔ China has slashed the amount of cash some of its banks must hold in reserve as Beijing’s leadership seeks to bolster a flagging economy ✔ Global share markets were poised to open down on Monday after selling on Friday in Europe and Wall Street ✔ #PBOC #tightrope https://t.co/CQFeoQItj2 October 7, 2018 Marketmantra191 (@Marketmantra191) #BREAKING⁠ ⁠:#PBOC cut #RRR for banks by 1%, effective from 15 Oct. It will release about 1.2tn yuan liquidity


A top economy watcher believes a 'potentially lethal combination' could unleash inflation

10/6/2018, 9:18:16 PM
One of the world's leading authorities on Asia sees a destructive element baked into the U.S. and China trade war. ✔ Despite the new deal to replace the North America Free Trade Agreement, Roach isn't optimistic the U.S. is any closer to a resolution with China ✔ Inflation threat baked into trade war is pushing stocks into a danger zone, Yale’s Stephen Roach warns    3:13 PM ET Fri, 5 Oct 2018 | 04:43 Disclaimer


China Eases Bank Reserve Requirement

10/7/2018, 5:53:44 AM
The People’s Bank of China will lower the amount of reserves most commercial banks are required to hold by 1 percentage point to 14.5%, effective Oct. 15. ✔ The action, widely expected by economists, marks the fourth RRR adjustment by the PBOC this year following cuts in January, April and June ✔ China’s central bank has left its suite of key short-term rates unchanged despite the Fed’s move and growing concerns about slowing economic growth


Hong Kong's highflying home market shows signs of topping out

10/7/2018, 3:50:07 AM
Analysts expect prices to fall as much as 15% while interest rates climb ✔ The data shows even skilled workers need to work 22 years to buy a 60-sq.-meter flat, up from 12 years a decade ago ✔ Transactions have also dwindled as investors grow concerned about the outlook ✔ So despite the uncertainty, the supply-demand balance has not changed, Jin said ✔ He still thinks prices will continue to go up and hit record highs


China cuts banks’ reserve requirement to fuel growth

10/7/2018, 7:37:52 AM
undefined ✔ The announcement on Sunday came a day before trading of China’s onshore renminbi is poised to resume trading following a week-long national holiday, which is set to reveal how much Beijing is willing to support its currency after the renminbi weakened to Rmb6.90 to the dollar in offshore trading


AmorePacific hit by China's tougher border control

10/7/2018, 7:55:52 AM
undefined ✔ Tougher border controls have been in place since 2015, and recent customs scrutiny has probably focused on travelers coming from Korea, analysts at J.P ✔ Budget brands will unlikely enjoy rapid growth in China due to fierce competition with local brands


China's central bank announces a new policy change to spur growth

10/7/2018, 6:16:30 AM
China's central bank said it would cut the amount of cash that some banks must hold as reserve to lower financing costs and spur growth. ✔ The stream of new stimulus measures and easier credit conditions have raised fears that Beijing is putting debt reduction efforts on the back burner again ✔ Net exports overall were already a drag on growth in the first half after giving an added boost to the economy last year, highlighting the need for sustained strength in domestic demand if significant new U.S. tariffs are imposed


Shadow banks, trade wars, Trump … clouds gather over the IMF’s paradise

10/7/2018, 6:23:06 AM
In Bali this week, the mood of the world’s gathered finance ministers will be darker than a year ago ✔ Last month, Trump intensified his trade war with China by imposing new tariffs on $200bn of Chinese goods arriving in the US ✔ It is under these gathering storm clouds that the finance ministers from the 189 member states of the IMF will meet at the end of this week as, once again, turbulence threatens the global economy


Strong global growth conceals emerging market fragility

10/7/2018, 4:09:26 AM
undefined ✔ The global economy’s continued strength is concealing fragility in emerging markets and a lack of firepower to deal with and future shocks in advanced nations, according to the latest update of a tracking index compiled by the Brookings Institution think-tank and the Financial Times ✔ As in the past, their domestic and external vulnerabilities tend to get exposed when global financial conditions tighten and the US dollar strengthens, he added


Chinese ‘aggressive industry’ threatens US military complex, ‘stable budget’ needed – Pentagon

10/6/2018, 8:57:26 PM
A new Pentagon report calls China the main threat to the US military-industrial complex, sounding alarm over the decline of some “critical defense functions,” due to Beijing’s actions, workforce shortages and “unstable” funding. ✔ Rare earths are used in the production of turbines, hybrid motors, fuel cells, electronics and other products ✔ The international community already knows fully well who wantonly infringes upon others' sovereignty, interferes in others' internal affairs and undermines others' interests, China’s Foreign Ministry said in a statement


China, Japan, and Trump's America

10/7/2018, 6:47:46 AM
undefined ✔ Unlike Europe, East Asia never fully came to terms with the 1930s, and Cold War divisions subsequently limited reconciliation ✔ Trump's America first orientation and protectionist policies pose a new risk to the alliance ✔ Trump's withdrawal from the Trans-Pacific Partnership was a blow to Japan ✔ Copyright belongs to Project Syndicate (www.project-syndicate.org)


Cyber Saturday: China's Chip Hack, Amazon and Apple's Denials, Google's Trust Reversal

10/7/2018, 4:16:56 AM
Your weekend brief on code-makers and codebreakers. ✔ Jigsaw said the tool will be embedded by default into the next version of Google’s mobile operating system, Android Pie ✔ Advertisement ACCESS GRANTED Pulling a Facebook ✔ Vanity Fair tells the unbelievable story of an international man of mystery


Can the U.S. Keep Its High-Tech Edge?

10/6/2018, 10:16:37 PM
America still leads the world in innovative start-ups, but other countries are gaining fast. If we don’t act, the next big thing will come from Beijing or Berlin. ✔ A test of facial-recognition technology in the Shanghai Metro, 2017 ✔ Employees at Flipkart, an Indian e-commerce company, 2017 ✔ That total marks a 160% increase since 2010, and it beats all previous years except 2000the peak of the dot-com boom ✔ An even larger part of the problem is self-inflicted


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