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The US will lose badly in the trade war with China and imperil the world economy if both countries don’t cooperate

The world is taking leave of its senses and falling down the rabbit hole of a deepening global trade war, economic shocks and political instability. The post-war world order is breaking down, multilateralism is giving way to national self-interest and the political forums for peaceful debate are failing.It’s time for someone to step forward and show stronger leadership before the world sinks back to where the 2008 financial crisis left off. Right now, the world is in self-harm mode and deeply… Source link

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China’s e-commerce start-ups lose favour with private equity funds as Beijing-backed chip makers steal their thunder, study finds

E-commerce and internet-related companies have lost their lustre with private equity (PE) funds as Beijing’s support for chip makers and high-end equipment businesses, considered the backbone of the country’s manufacturing sector, have made them more appealing to investors, according to Bain & Co.A survey carried out by the global consultancy found that only 15 per cent of private equity funds focusing on China picked online retail and internet businesses among their top three investment… Source link

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China stocks lose ground for a third day on concern government to pare policy loosening

China’s stocks dropped for a third consecutive trading day, with a 2.1 per cent gain on the benchmark evaporating, as concerns that the government will scale back policy easing countered credit growth that exceeded analysts’ estimates.The Shanghai Composite Index fell 0.3 per cent, or 10.84 points, to 3,177.79 at the close on Monday. The ChiNext gauge of small companies declined 1.7 per cent. Hong Kong’s Hang Seng Index slipped 0.3 per cent to the lowest level in almost two weeks.Equities… Source link

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What the US will lose in a trade agreement with China, thanks to Donald Trump

As the US and China get closer to a possible trade deal, the World Trade Organisation is set to lose its principal role as an arbiter of disputes. That has significant consequences for global trade, and underlined the re-emergence of bilateral agreements that once hindered global trade and development for decades. It’s no surprise that US President Donald Trump’s go-it-alone strategy to upend the status quo runs straight through Geneva. As a presidential candidate, he ran on rebellion. Once in… Source link

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Hong Kong set to lose IPO crown to Nasdaq, thanks to ride-hailing app Lyft

Nasdaq is set to dethrone Hong Kong as the world’s No 1 market for initial public offerings, thanks to Thursday’s US$2.4 billion listing of ride-hailing firm Lyft, just as the world’s biggest maker of bitcoin mining rigs, Bitmain Technologies, called off its application to list in the city on Tuesday. Lyft, the second-largest ride-hailing company in the United States, would bring total funds raised through new share listings this year on the New York bourse to US$4.1 billion. The firm could… Source link

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Hong Kong broadcaster TVB warns it will lose HK$200 million for 2018 financial year

The parent company of Hong Kong’s oldest television station issued a profit warning on Friday, saying it expects a HK$200 million (US$25.48 million) net loss for the financial year ending December 31, 2018.Television Broadcasts (TVB) said in a filing to the Hong Kong Stock Exchange after the close of trading it will write-off approximately HK$500 million on its holdings of SMI Bonds, issued by mainland theatre operator SMI Holdings Group.The expected HK$200 million loss compares to a HK$243… Source link

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Singapore 

TCM practitioner suspended after treatments caused patient to lose part of leg, Singapore News

SINGAPORE – A traditional Chinese medicine (TCM) practitioner has been suspended for three years and fined $5,000 after his treatments caused a diabetic patient to subsequently lose part of his left leg to amputation. Mr Lee Miing Chong treated the 59-year-old patient on two occasions in 2015 for poor sensation in both feet, the TCM Practitioners Board said in a statement on Wednesday (March 13). On Jan 3 that year, Mr Lee used heat lamp therapy on the soles of the patient. However, after the treatment, blisters developed and burst…

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Global 

Donald Trump should know to give up on his trade or currency wars because they are easy to lose and impossible to win

Donald Trump in effect declared defeat as he walked away from his Hanoi summit with Kim Jong-Un last month, and he might well be advised to do the same in trade negotiations with China before he stumbles even deeper into trouble.Team Trump has opened up a Pandora’s Box and is ill-equipped to deal with what’s inside.Japan could be next on Trump’s hit list for a trade deal and Tokyo fears there could be a currency element in the deal, as there may be yet with China. If so, this would…

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Will China’s beauty sector lose it glow as growth slows to 30-year low?

When US beauty and personal care retailer and manufacturer Estée Lauder crossed US$1 billion in sales and French personal care company L’Oréal reported a 25 per cent growth in sales in Asia-Pacific in the quarter ending in December, their efforts in the region – especially mainland China – appeared to have paid off.Some analysts, however, said, with China’s economy slowing down further, growth in the sector could taper off too. “Overall, China’s beauty and personal care market has showed slower… Source link

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China 

China’s electronics sector has the most to lose if US-China trade war tariffs increase to 25 per cent

March 2 is a date that is marked clearly in the calendars of every Chinese company that sells to the United States: tariff day.On that day, should negotiators not reach a deal that would end the US-China trade war, tariffs on exports to the US will rise from 10 per cent to 25 per cent, but some will be watching more closely than others.Whereas other sectors – such as textiles, apparel, cars – have had to deal with some import tariffs as a condition of selling into the US in…

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