China 

US seeking to ‘colonise’ China’s economy with trade deal, says veteran economic policymaker Li Deshui

A veteran Chinese economic policymaker has revealed certain United States demands made during trade negotiations with China that were later rejected by Beijing, confirming previous media reports and shedding light on mainstream thinking about US policy among China’s economic officials.Li Deshui, a former chief of China’s statistics bureau, wrote the US side had specifically demanded that China amend its domestic laws and proposed to establish a permanent bilateral office to debate Beijing’s… Source link

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Mystery Hong Kong buyer completes US$13.4 million Corinthia Hotel London penthouse deal in just 72 hours

A Hong Kong multimillionaire has bought a penthouse at the Corinthia Hotel London for £10.75 million (US$13.4 million) in a deal that was sealed in 72 hours, property agents Aston Chase on Thursday.The identity of the buyer remains unknown. Aston Chase said in a press release that the buyer and his wife were regular visitors to London and the Corinthia Hotel London was their favourite hotel in the British capital.The purchase was the biggest deal in Whitehall, where the hotel is located, in the… Source link

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Global 

Donald Trump’s adviser on China Michael Pillsbury says president ready to escalate trade war if deal not agreed soon

The United States is set to ramp up the pressure on China if a trade deal is not agreed soon, a key White House adviser said, adding that Washington has so far imposed only “low level tariffs” on the Asian giant.Described by US President Donald Trump as “the leading authority on China”, Michael Pillsbury said in an interview in Hong Kong on Thursday that Trump had been “remarkably restrained in the pressure he has brought to bear on China in the trade field”.“Does the president have options to… Source link

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China, US close to agreeing interim trade war deal, Beijing expert predicts

China and the United States are expected to reach an interim trade deal in Washington next month, with Beijing agreeing to buy more American farm products and the Trump administration postponing further tariff increases and easing restrictions on Chinese telecommunications company Huawei, a researcher affiliated with the Chinese government said.A Chinese delegation led by vice finance minister Liao Min left Beijing for Washington on Tuesday to set out China’s agenda for the high-level talks… Source link

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Vietnam 

Saigon Co.op signs deal with Grab to offer consumers new experiences – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Saigon Union of Trading Co-operatives on September 17 signs an agreement with Grab Company Limited to increase the convenience for customers of both parties. — Photo courtesy of Saigon Co.op HCM CITY — The Saigon Union of Trading Co-operatives on Tuesday signed an agreement with Grab Company Limited to offer consumers new experiences on the technology platform ranging from shopping and mobile payment to delivery. Under the agreement, delivery service GrabExpress and food delivery service GrabFood will be available for delivery from all Co.opmart and…

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Global 

Donald Trump warns China faces ‘toughest trade war deal ever’ if they wait until after US election

US President Donald Trump has warned Beijing to make a trade war deal before the American presidential election next year otherwise “it’ll be the toughest deal anybody’s ever had to make from the standpoint of China”.Vice-minister for finance, Liao Min, will lead a Chinese delegation to Washington this week to set out China’s agenda for talks in October between Vice-Premier Liu He, US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin.But China’s official media… Source link

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Huawei expects talks with US to form part of trade deal with China

The US government will need to agree to talks with Huawei Technologies as part of a future trade deal with China, according to a senior executive of the world’s biggest telecommunications equipment supplier.Huawei has become a focal point for US-China trade tensions and is regarded by some as a bargaining chip in the negotiations.Washington’s decision to stop the Shenzhen-based company buying American technology has cut it off from vital components, such as Qualcomm chipsets and Google’s… Source link

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Hong Kong stocks up 6.3 per cent in first two weeks of September, as sentiment improves on eventual US-China trade deal

Hong Kong ‘s Hang Seng Index is on fire this month, posting gains of 6.3 per cent in just two weeks, as traders grow more optimistic that the US and China will work out their differences on trade.The Hang Seng closed at 27,352.69 after gaining nearly 1 per cent Friday.Its two-week performance contrasts with August, when it lost 7.39 per cent over the month.The gains came despite China’s markets being closed for the Mid-Autumn Festival, meaning there was no southbound traffic on the Stock… Source link

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China 

China’s lead negotiator puts ‘trade balance’ at top of agenda as Trump flirts with idea of ‘interim deal’

China’s top trade negotiator, Vice-Premier Liu He, has named the top items on the agenda for talks in Washington next month as the US-China “trade balance, market entry and investor protection”.The comments suggest that China will steer talks clear of more challenging issues such as structural reform and security issues, focusing instead on less deep-rooted issues such as purchases of American agricultural goods.Liu, the top economic aide to President Xi Jinping, made the comments in Beijing on… Source link

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Stocks Blog: Trump team sends signal of possible interim trade deal with China

Happy Friday traders and Happy countdown to Mid-Autumn Festival! So Bloomberg is reporting that the Trump folks are looking at a China light deal in which some US tariffs would be rolled back in return for Beijing agreements on intellectual property and agricultural purchases. Politico says Trump’s advisers are looking for an “escape hatch” for tariffs increases set to go into effect in coming months. A trade deal has felt very stuck in the mud, but, maybe …  The surprise bid by the Hong… Source link

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