China 

Are Hong Kong’s protests crushing the city’s role in China’s Greater Bay Area plan?

Joshua Rotbart, a gold trader and shipper, has been watching Hong Kong’s unfolding political crisis with keen interest, fearing that further protests could damage the city’s leading position in the gold market.Before this past weekend’s peaceful demonstrations, confrontations between the police and protesters had become increasingly violent over the summer, culminating at Hong Kong International Airport last week when hundreds of flights were cancelled.The cancellations disrupted the transport… Source link

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Caught in the middle of trade war, Huawei may seize 90-day US trade reprieve to plan next moves

“As we continue to urge consumers to transition away from Huawei’s products, we recognise that more time is necessary to prevent any disruption,” Ross said in the Commerce Department announcement. “Simultaneously, we are constantly working at the department to ensure that any exports to Huawei and its affiliates do not violate the terms of the Entity Listing or Temporary General Licence”, he said, referring to the mechanism that allows US companies to continue buying and selling with Huawei despite the inclusion of the company and many of its affiliates on…

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Hong Kong, China markets gain most in about two months as trade progress, Shenzhen plan boost sentiment

Hong Kong stocks posted their best daily performance in two months on Monday, while China markets jumped the most in seven weeks as investors cheered Beijing’s grand reform plan for Shenzhen and progress on the trade talks.The Hang Seng Index surged 2.2 per cent, or 557.62 points, to finish at 26,291.84, recording its biggest daily advance since June 19. The Shanghai Composite Index climbed 2.1 per cent to 2,883.1, posting its best daily performance since July 1. The Shenzhen Component Index… Source link

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Chinese small-caps surge most in seven weeks on lending rate reform, Shenzhen revitalisation plan

Smaller companies in Shenzhen, considered China’s technology hub, have gained the most in seven weeks on optimism a new market-based method of pricing loans to be introduced by the country’s central bank will lower corporate funding costs, and after Beijing rolled out a plan for bolder reforms in the city.The ChiNext gauge of start-ups surged 3.5 per cent at the close on Monday, capping its biggest gains since July 1. The Shenzhen Composite Index, which tracks all the 2,000-plus stocks on the… Source link

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Vietnam 

Nội Bài Airport’s adjustment plan to be publicised this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Nội Bài International Airport. The airport is expected to receive 50 million passengers by 2030. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The Ministry of Transport will announce the adjustment planning of Nội Bài International Airport in the third quarter of this year. The statement was released by Minister Nguyễn Văn Thể in a document answering questions from Hanoians about the airport. Thể said with the Government’s plan to expand and improve the capacity of Nội Bài Airport, it will reach about 80-100 million passengers per year after 2030. “To…

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China 

US rushes to ready new China tariffs as firms say Donald Trump’s decisions ‘made with a tweet’ leave them no time to plan

The Trump administration is rushing to finalise a list of US$300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as US companies make a last-ditch appeal to be spared from the latest round of duties.US President Donald Trump’s announcement last week on adding a 10 per cent tariff as of September 1 to virtually every Chinese import that is not yet subject to punitive duties took US Trade Representative Robert Lighthizer by surprise, people familiar with the… Source link

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China 

Beijing’s controversial ‘Made in China 2025’ plan is a linchpin of Northeastern rust belt’s future

While Beijing may be keeping its controversial “Made in China 2025” industrial strategy away from public discussion, the state-driven plan to lift Chinese manufacturing up the value chain is the bedrock of economic revitalisation in Liaoning, one of the three provinces of China’s Northeastern rust belt.The four-year-old plan that aims to wean China off its reliance on foreign technology and imports, and build global hi-tech champions, has become a political flashpoint for the US-China trade war… Source link

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Can belt and road plan reverse sagging fortunes of China’s trade war-hit northeastern ports?

For a while, the ports in the northeastern Chinese province of Liaoning have been pinning their future on the success of Beijing’s Belt and Road Initiative, a global trading strategy to link China with rising consumer classes in Asia, the Middle East and Europe.But so far the plan has not turned out to be the game changer they had hoped for, due to fierce competition between China’s many large ports for pieces of the sea-to-rail traffic that the trading initiative has created, as well as… Source link

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China's Beijing Kunlun to revisit Grindr IPO plan after US national security panel drops opposition

Chinese gaming company Beijing Kunlun Tech Co said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr, after a US national security panel dropped its opposition to the plan.Kunlun said in May it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell Grindr, setting a June 2020 deadline to do so and putting preparations for an IPO of Grindr on hold.A source familiar with the matter said on Monday that… Source link

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Money 

Alaska scraps plan to partner with China on major natural gas project over fears of ‘risks to the state’

A plan for Alaska and partners in China to advance a major liquefied natural gas project has been scrapped due to safety concerns from the state’s new administration.The plan, which was formed under independent ex-governor Bill Walker, has been dropped by his successor, Republican Governor Mike Dunleavy, according to the Alaska Journal of Commerce. Joe Dubler, interim president of the Alaska Gasline Development, said the corporation, which has been working on the state’s behalf, did not renew a… Source link

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