The United States and China have agreed to return to the negotiating table in the coming days to review progress on the “phase one” trade agreement, according to the Chinese Ministry of Commerce. The ministry said the two sides would hold a “discussion by phone.” This comes after the talks …
Read More »China Pledges to Take Necessary Measures to Protect its Companies After Restrictions on Huawei
The Chinese Ministry of Commerce said that Beijing will take “all necessary measures” to protect the legitimate interests of its companies, in response to the US move this week to tighten restrictions on Huawei. The administration of US President Donald Trump expanded the restrictions announced in May aimed at preventing …
Read More »US-China to plan resumption of delayed trade deal talks – Bloomberg
US and China are considering rescheduling the phase one trade deal review, earlier planned last weekend, reported Bloomberg, citing a person familiar with the matter. The source said that the review will take place soon, although no date has been set so far. Talks between the US and China continue …
Read More »Trump Postpones Trade Talks With China
US President Donald Trump said on Tuesday that he has postponed trade talks with China, adding that he does not want to talk to China at this time. Asked if he would withdraw from the trade deal with China, Trump said he would look into the matter. On Saturday, representatives …
Read More »China: Will Not Resort to Flood-Like Stimulus
The Chinese state media reported on Monday, citing a statement from China’s cabinet saying that China will not resort to flood-like stimulus, adding that they will keep liquidity reasonably ample. This comes after the PBOC injected liquidity into the system, offering 700bn yuan in a medium term lending facility earlier …
Read More »US Ross: China Has Been Buying Large Amounts of Agricultural Products
US Commerce Secretary Wilbur Ross told Fox Business Network on Monday that China has been buying large amounts of US agricultural products. Other comments: “China-US trade talks continue at various levels.” “The US is eager for China to continue buying American farm products.” “Trump is looking to close loopholes to …
Read More »PBOC Injects CNY700 B Through One-Year MLF at 2.95%
The People’s Bank of China (PBOC) injected CNY700 billion via one-year medium-term lending (MLF) facility on Monday. The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fourth straight month. USD/CNY is under pressure, looking to extend …
Read More »China is Stepping up US Oil Purchases Before Reviewing Trade Agreement
American and Chinese importers and dealers told Reuters that crude oil shipments from the United States to China will rise dramatically in the coming weeks, as the two largest economies in the world prepare to review an agreement signed in January after a long trade war. They said that Chinese …
Read More »Review of U.S. and China Trade Deal Postponed
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 »