China 

Beijing plays down Commerce Minister Zhong Shan’s inclusion in latest US-China trade war talks

The participation of China’s Commerce Minister in the latest trade discussion with the United States was “normal”, China’s Ministry of Commerce said on Thursday, playing down the eye-catching change in Beijing’s negotiating team.Zhong, 64, joined Vice-Premier Liu He’s phone conversation with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on Tuesday – the first phone call between top negotiators since President Xi Jinping and US counterpart Donald Trump agreed… Source link

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China 

Trump’s Huawei promise met with silence from China as Beijing plays down prospects of progress

China has taken a cautions approach in its reaction to Saturday’s meeting between President Xi Jinping and US counterpart Donald Trump, remaining quiet over remarks made by the American leader in Japan that some restrictions would be lifted against telecommunications manufacturer Huawei.After a closed-door, 80-minute meeting between Xi and Trump at the G20 summit in Osaka, Japan, on Saturday, the government published only a short statement summarising the talks, which stated that the two… Source link

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Home 

Defensive health care plays help Hong Kong, Shanghai stock markets ahead of high-stakes Xi-Trump trade meeting

Health care stocks were top gainers in China and Hong Kong stock exchanges, as investors looked for defensive plays heading into the high-stakes trade talks between presidents Donald Trump and Xi Jinping on Saturday.The Shanghai Composite Index on Wednesday closed down 0.2 per cent at 2,976.28.Brokerages weighed on the index, with a gauge tracking 45 brokerages listed in China down 3.2 per cent.That came after disclosures by two brokerages – CSC Financial and First Capital Securities – that two… Source link

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Vietnam 

Credit info plays important role in promoting financial market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Đỗ Hoàng Phong, director general of National Credit Information Centre of Việt Nam, speaks at the workshop on “Credit Information Services for Better Financial Inclusion” held on Tuesday in HCM City. — VNS Photo HCM CITY — Demand for credit information is increasing as the financial market and the digital economy continue to expand, speakers said at a workshop on “Credit Information Services for Better Financial Inclusion” held on Tuesday in HCM City. Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said that “credit…

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China 

Beijing warns US farmers may lose China market for good, but plays down tariffs impact at home

US farmers cannot afford to lose the Chinese market, but farmers in China will be able to withstand the impact of American tariffs, according to a top agriculture official in Beijing.Han Jun, vice-minister of agriculture and rural affairs, said China’s retaliatory tariffs on American products – the latest of which took effect on Saturday – now covered “virtually all US agricultural product exports to China”, warning that US farmers could lose the Chinese market for good.“If the US doesn’t lift… Source link

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Home 

Chinese equity investors, unsure of a sustainable bull run, place wagers on defensive plays

There is a paradox in China’s world-beating stock rally this year: defensive plays are turning out to be the best performers.While Chinese stocks have technically been in bull market territory this year following a 20 per cent gain in the Shanghai Composite Index, safe bets have been leading the charge so far. A gauge of consumer staples companies, from liquor distillers to dairy and food seasoning makers, has climbed 60 per cent, outperforming all other sectors.The resilience of consumer… Source link

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Home 

China plays a waiting game on the economy – and bets everything on the belt and road plan

China has been pump-priming its economy since January, in a reversal of recent deleveraging. The policy change is likely to stabilise the financial system and help financially troubled local governments, but won’t kick-start another growth cycle. Expect to see more of this sort of stabilising stimulus in the coming years. China is aiming to keep its economy on the treadmill – to keep it running on the same spot.According to the People’s Bank of China, aggregate financing surged to 8.18 trillion… Source link

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Global 

Donald Trump is a business ‘killer’ who ‘never plays by the rules’, say Chinese exporters after tariff threat

US President Donald Trump is a business “killer” who “never plays by the rules”, according to China’s manufacturers who have been left reeling by the news that tariffs will be increased from 10 per cent to 25 per cent on US$200 billion of Chinese imports into the United States.Trump issued the threat to increase the tariffs in a tweet on Sunday, changes which were confirmed US trade representative Robert Lighthizer some 24 hours later, with the new rates set to become effective at 12.01am on… Source link

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Singapore 

Man with recorder fights man wielding potted plant in Hougang, plays instrument when police arrive, Singapore News

SINGAPORE – A bizarre brawl took place around 2am on Monday (April 29) between two men along Hougang Avenue 9, near Ci Yuan Community Club. Student Lucas Oh, 18, who was eating at a nearby coffee shop at the time, filmed the incident and posted it in a series of clips on his Instagram account. In one clip, a man can be seen swinging a recorder at another man, who retaliates by swinging a tall potted plant back at him as bystanders look on. Both of them appear to miss,…

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Home 

China’s home appliance queen Dong Mingzhu backs ambitious Gree Electric target, plays down trade war

One of China’s best known businesswomen is sticking to her target of tripling her white goods empire’s annual revenue in the next few years, despite trade tensions abroad and slowing growth at home.Dong Mingzhu, the outspoken chairwoman of Gree Electric and a delegate to the National People’s Congress, said the company still aimed to reach 600 billion yuan (US$89.4 billion) in revenue in the coming years, three times the total achieved in 2018.Dong, 64, “leaked” the sales target she wanted to… Source link

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