The review of trade deal between the United States and China, which was scheduled to take place on Saturday, has been delayed, Reuters first reported. However, the new date for the review has not been announced yet. U.S. Trade Representative Robert Lighthizer recently expressed satisfaction regarding the trade agreement between …
Read More »Retail Sales in China Drop Unexpectedly in July, Industrial Production Growth is stable
Retail sales in China fell in July, disappointing expectations for a moderate increase, as consumers in the world’s second-largest economy failed to unleash caution about the Coronavirus, while the factory sector’s recovery struggled to increase its pace. Asian markets fell today after a disappointing set of economic indicators, which raises …
Read More »U.S. Satisfied With Progress on Trade Deal with China
The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …
Read More »Car sales in China are Rising For the Fourth Consecutive Month
Car sales in China jumped 16.4% in July compared to last year, the fourth consecutive month of gains as the world’s largest auto market retreated from its lowest levels during the country’s lockdown due to the Coronavirus. Data from the wholesale sales released by the Chinese Association of Automobile Manufacturers …
Read More »WH Adviser O’Brien: US is ‘deeply troubled’ by arrest of Jimmy Lai
White House (WH) National Security Adviser O’Brien said in a statement early Tuesday, the US is ‘deeply troubled’ by the arrest of Hong Kong media tycoon Jimmy Lai. His comments come after the geopolitical tensions intensified between the US and China after the police in Hong Kong arrested Jimmy Lai, …
Read More »China Annual Inflation Exceeds Expectations
The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …
Read More »China’s Export Growth in July at Fastest Rate in 7 Months, Imports Falling
China’s exports increased at the fastest pace in seven months in July, while imports declined, painting a mixed picture of the economy as it recovers from a slowdown sparked by the pandemic. Exports rose 7.2% from a year ago in July, the fastest pace since December, customs data showed, missing …
Read More »Manufacturing activity in China expanded at the fastest pace
A private sector survey showed on Monday that manufacturing activity in China expanded at the fastest pace in nearly a decade in conjunction with improved domestic demand, indicating that the second largest economy in the world will help reduce the pandemic blow to the global economy. ome analysts who say …
Read More »China to Support Export Businesses
China plans to boost exports by providing trade-oriented companies with capital and market support, Citing the weekly State Council meeting held Wednesday, the People’s Daily reported this Thursday. Initiatives aim to attract foreign investment through a strengthened political environment and the expansion of the services trade sector. The government stressed …
Read More »Dollar Hits Four-month Low
The US dollar reached its lowest level in four months, and the Chinese yuan regained some losses from the previous decline, as investors adopted a wait-and-see attitude regarding the outcome of the tensions between the two countries. The United States granted China until Friday to close its Houston consluate, on …
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