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Trade War - SERIES 335 {11 articles}

'We Feel Comfortable Back-to-Back': China and Russia Better Friends Than at Any Time in 400 Years of Contact

11/11/2018, 8:27:09 AM
“There is no sense of threat from Russia. We feel comfortable back-to-back.” A new deep dive by Bloomberg examining the growing closeness of Russia and China as both face down increased U.S. pressures and sanctions contains some deeply revealing quotes by analysts as well as a high official in the Chinese communist government reacting to Trump's trade war.  ✔ Early this year Russia ramped up its capacity to pipe crude oil to China, to about 600,000 barrels per day, which is about double the prior capability Increased coordination at the U.N ✔ This echoes precisely what President Xi affirmed to Putin  during their last major summit:  Both nations have to oppose unilateralism and trade protectionism, and build a new type of international relations and shared human destiny,  he said


Wall Street's $62 trillion China dream inches toward reality

11/11/2018, 11:53:48 PM
A year after announcing a relaxing of rules, the pace of change in China has been closer to a crawl than a sprint. ✔ Business Markets World markets Wall Street's $62 trillion China dream inches toward reality 12 November 2018 10:50am Normal text sizeLarger text sizeVery large text size Chinese President Xi Jinping said in a speech last week that the country was steadily widening the opening up of its financial industry ✔ Wall Street is taking a cautious approach to investing in China ✔ Credit:APee The world's biggest financial firms have adopted much the same stance


China’s oil imports surge to record high

11/11/2018, 12:48:17 PM
China’s crude oil imports averaged 9.61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount is the highest on record. ✔ #Iran turns to new oil importers in the face of US sanctions – top officialhttps://t.co/nMvATn4Inepic.twitter.com/g14gmpdJj3 RT (@RT_com) October 15, 2018 What’s more, China is changing its sources of crude ✔ For more stories on economy & finance visit RT's business section Trends: China newsOil news


Alibaba Pulls In Record Singles Day Sales

11/11/2018, 6:24:57 PM
The e-commerce behemoth clocked in sales of $30.8 billion in the 24-hour span that began at 12 a.m. Sunday, with consumers snapping up bargains despite China’s slowing economic growth. ✔ But a wave of increasingly affluent consumers is likely to lift both the country and the company, he said ✔ In the next 10, 15 years, that number will double to 600 million, Mr. Tsai said ✔ Its name in ChineseSingle Sticks Holidayis derived from its date on Nov. 11, or 11/11


Alibaba's Singles' Day smashes records with over $30bn in sales

11/11/2018, 10:05:13 PM
The 10th annual Chinese shopping bonanza Singles’ Day has generated a record $30. ✔ The figures include orders settled on its online payments service Alipay across its various online retail services such as AliExpress and Taobao ✔ The idea for the event is credited to Daniel Zhang, who will succeed Alibaba founder Jack Ma as the company’s executive chairman


Alibaba Singles Day sales hit over $1 billion in 85 seconds

11/10/2018, 5:04:54 PM
The biggest shopping day on the planet has started with a bang. ✔ MUST WATCH Hong Kong (CNN Business)The biggest shopping day on the planet has started with a bang ✔ The shopping extravanganza regularly racks up bigger sales than Black Friday and Cyber Monday combined ✔ Its date November 11, or 11/11 is meant to symbolize singletons


Calls for open trade to greet Pence as Trump skips Asia summit

11/11/2018, 5:31:32 AM
SINGAPORE--Asia-Pacific leaders will join the heads of Southeast Asian states this week in Singapore ✔ However, Li is expected to appeal in Singapore for the need for the world's two largest economies to work together to resolve trade disputes, reiterating commitment made by Beijing's top leaders last week for market opening and lowering tariffs ✔ Also, ASEAN member states may announce the successful conclusion of agreements with Russia and the United States on cooperating on cyber security


China, US agree to promote coordination, cooperation - World

11/10/2018, 7:02:01 PM
undefined ✔ China and the United States have agreed to promote a bilateral relationship featuring coordination and cooperation, according to statements released after top foreign affairs officials and defense chiefs of the two countries concluded a dialogue in Washington on Friday ✔ Pompeo said that even as the two countries confront important differences in the bilateral relationship, our cooperation remains essential on many, many central issues, including the denuclearization of the Korean Peninsula


Philippines -- "sick man of Asia" risks relapse

11/11/2018, 10:01:38 PM
Like Estrada before him, Duterte ignores the economy at his peril ✔ The sick man of Asia may need a return visit to the economic emergency room ✔ Dutertenomics, meantime, is more concerned with the quantity of growth than the quality ✔ Many investors are already searching for an ambulance William Pesek is an award-winning Tokyo-based journalist and author of Japanization: What the World Can Learn from Japan's Lost Decades


In first, Washington calls on Beijing to remove missiles from South China Sea

11/11/2018, 3:55:31 PM
The United States has for the first time urged China to remove missile systems deployed to contested man-made islands in the South China Sea, the Pentagon ✔ We pressed China to live up to its past commitments in this area ✔ A trade war, instead of leading to any solution, will only end up hurting both sides and the global economy, he said ✔ And let’s not forget how our two sides have successfully navigated through previous rough patches in our economic and trade relations, he said


Examining Japan's first foray into global warfare

11/11/2018, 3:55:40 PM
On the 100th anniversary of the end of World War I, we examine the country's role in the conflict. ✔ Along northern France and Belgium, it was now a stalemate, a trench war in which neither side could make a decisive breakout ✔ It did, in ways that, 100 years later, continue to shape how we in the 21st century view and approach current geopolitical problems


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