Home 

Lenovo chief expects quick resolution to Sino-US trade war, sees only minor impact on its global operations

The head of China’s Lenovo Group is optimistic there will be a fast resolution to the ongoing trade war between the world’s largest two economies, though Yang Yuanqing says his company is not suffering much thanks to its large global presence.“We have heard a lot of positive messages or signals about achieving an agreement [between the US and China on trade] so definitely I think there will be good news not just for Lenovo but for most multinational companies,” the chairman and chief executive… Source link

Read More
China 

China and US sketch outline of deal to end trade war covering six key areas, sources say

The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.The world’s two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods, slowing global economic growth, skewing supply chains and disrupting manufacturing.As officials hold high level talks on Thursday… Source link

Read More
China 

Donald Trump’s demand for stable yuan to end US-China trade war ‘acceptable’ to Beijing

A demand from the United States that explicitly requires China to keep the yuan exchange rate stable as a condition to end the ongoing trade war plays right into Beijing’s hands, and is an offer the government in Beijing will accept, said analysts.The US has demanded that China stop devaluing the yuan as a condition of ending the trade war, and the two countries may include currency policy in a memorandum of understanding that would form the basis of a trade deal, Bloomberg reported.For years,… Source link

Read More
China 

US demands China keeps yuan stable over fears of trade war backlash, sources say ahead of Washington talks

The United States is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said.Officials from the two countries are discussing how to address currency policy in a memorandum of understanding that would form the basis of a deal that ultimately will have to be approved by US President… Source link

Read More
China 

In a sleepy Louisiana town, two Chinese chemicals firms are being hit on multiple fronts by the trade war

US President Donald Trump’s trade war with China has thrown a spanner in the works of two Chinese chemicals companies spending billions of dollars building factories in the United States.Yuhuang Chemical was started in 1994 by a village branch of the Chinese Communist Party in Shandong Province, but in 2014, it raised some eyebrows when it announced plans to build a US$1.85 billion methanol plant in St James Parish, Louisiana.Last year, Wanhua Chemical, a listed company also from Shandong,… Source link

Read More
Home 

IPOs off to slow start globally in 2019 amid Brexit, US-China trade war uncertainties, says Dealogic

Companies have only raised US$5.4 billion globally so far in 2019, down by 78 per cent from the same period a year ago, marking the lowest year-to-date value in three years, global financial data provider Dealogic said on Tuesday.The number of deals also dropped to 87 during the period, down by 52 per cent year on year, according to Dealogic. All three regions – Asia-Pacific, the Americas and EMEA (Europe, the Middle East and Africa) – have reported significantly lower initial public offering… Source link

Read More
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…

Read More
China 

Trade war, intense overseas scrutiny will weigh down China’s M&A activity in 2019, PwC analysts say

The trade war with the US and heightened scrutiny of Chinese dealmaking overseas could weigh heavily on China’s mergers and acquisitions in the year ahead, according to global accounting firm PwC.The prospect of the current trade negotiations between the world’s two largest economies ending in stalemate is potentially a “strong blow” that would crimp cross-border deals, said senior analysts at the company on Tuesday.Even if a satisfactory resolution were reached, the level of political scrutiny… Source link

Read More
China 

Trade war could crimp demand for China’s office space by 8 million square metres as businesses downsize, CBRE says

An area equivalent to 39 of China’s tallest buildings could be hurt if the ongoing trade war between the United States and mainland China deteriorates, as businesses downsize their offices, demand to pay less rent or move to cheaper locations, according to a forecast by CBRE.As much as 8 million square metres (86.11 million square feet) of commercial space, about 10 per cent of the office space in 17 Chinese cities CBRE covers, could be affected by the trade war, according to the real estate… Source link

Read More