China 

Donald Trump suggests meeting with China’s Xi Jinping to reach ‘humane’ response to Hong Kong protests

US President Donald Trump on Wednesday appeared to propose a face-to-face meeting with Chinese counterpart Xi Jinping to find a “quick” and “humane” solution to the weeks of unrest in Hong Kong.In a series of tweets on Wednesday night Washington time, Trump also appeared to link the outlook for trade talks with China with a resolution of the Hong Kong protests.“I know President Xi of China very well,” Trump said. “He is a great leader who very much has the respect of his people. He is also a… Source link

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Donald Trump and Xi Jinping are both in the construction business – one builds infrastructure, the other builds barriers

China’s President Xi Jinping and his American counterpart Donald Trump can both be said to be in the “construction” business. Xi builds bridges (and also roads) via China’s Belt and Road Initiative while Trump builds barriers via tariffs or even physical walls at the Mexican border. The Chinese approach is “constructive,” in the literal and figurative sense of that term, while the Trump administration’s is destructive, in the sense of damaging world trade and threatening to precipitate a global… Source link

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China 

Is Star Market, Xi Jinping’s pet project to boost tech fundraising, just another casino for excitable stock market punters?

Seventy-year-old Jiang Guangyuan was bursting with confidence as he watched his shares on Shanghai’s Technology and Innovation Board surge to dizzy heights on Monday morning.Having bought them immediately after trading began, it appeared his faith in the Star Market, as China’s answer to the Nasdaq is also called, had been handsomely rewarded as the share price of Western Superconducting Technologies and its 24 fellow debutants skyrocketed.He had every reason to hope the rally would continue… Source link

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China's answer to Nasdaq turns out to be a one-day wonder after all, and that should concern Xi Jinping

China’s answer to the Nasdaq, which took seven months to get up and running and helped 25 companies raise 37 billion yuan (US$5.4 billion), turned out to be a one-day wonder after all, as the average gains of 140 per cent on debut succumbed to declines on the second day.All but four of the 25 debutantes on the Science and Technology Innovation Board, or Star board, fell on their second day of trading, with China Railway Signal & Communication scrapping the bottom with its 18 per cent plunge… Source link

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China 

Donald Trump says his friendship with Xi Jinping not as good

This story is published in a content partnership with POLITICO. It was originally reported by Doug Palmer on politico.com on July 15, 2019.The US-China trade war has taken a toll on President Donald Trump’s friendship with Chinese President Xi Jinping.“I used to say he was a good friend of mine,” Trump said on Monday at a White House event.“We’re probably not quite as close now. But I have to be for our country. He’s for China and I’m for USA, and that’s the way it’s got to be.”Trump campaigned… Source…

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China 

Donald Trump pushed Xi Jinping to commit to buying US farm goods at G20, but Xi avoided firm pledge

In the 80-minute summit between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Osaka last month, Trump pushed for a Chinese commitment to make large-scale purchases of US agricultural products.However, Xi made no specific commitment during the meeting, according to a source who was briefed on the high-stakes meeting, and no purchases have been recorded in the week since.This account reflects the diverging statements made by each side… Source link

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China 

US-China trade truce increases pressure at home for both Trump, Xi to cut a deal, analysts say

For decades, Jasco Products Company has outsourced production of its doorbells, lights and surge protectors to China without a second thought. But, a trade war with the United States that has been raging for the last year has put the Oklahoma-based company and thousands of other firms like it – both American and Chinese – at risk.The tit-for-tat battle between the world’s two largest economies is already weighing on business confidence, analysts have warned, and has the potential to tip the… Source link

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Stocks Blog: Hong Kong investors return to trade truce by Donald Trump and Xi Jinping, overnight property destruction by demonstrators

Good day, traders — Hong Kong investors get their first shot at buying and selling here since the Xi-Trump trade truce was called on Saturday. On Monday, they were on holiday. And what a holiday — marking the 1997 handover from Britain to China — it turned out to be. Protests took a decidedly new turn, with demonstrators breaking the glass door to get into the Legislative Council building and doing other property damage.   So traders in Hong Kong ‘s market have competing emotions to factor… Source link

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China 

World watches as Presidents Xi Jinping, Donald Trump begin summit in Osaka

Chinese President Xi Jinping has started his meeting with US counterpart Donald Trump in Osaka, Japan, amid expectations that the high-stakes summit could result in a trade war truce between the world’s two biggest economies.Also on the agenda is Huawei Technologies, the Chinese telecoms equipment giant, which is under a US trade ban.The outcome of the summit, on the sidelines of the G20 leaders’ meeting, will affect not only markets across the world but also the trajectory of global economic… Source link

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