Trump says he ‘cancelled’ US-China trade talks, blames Beijing over coronavirus
President says ‘I don’t want to talk to China right now’ Review of phase one deal at six-month mark now postponed indefinitely
Trump Cancels China Talks, Raising Questions About Trade Deal
President Donald Trump said he called off last weekend’s trade talks with China, raising questions about the future of a deal that is now the most stable point in an increasingly tense relationship. “I canceled talks with China,” Trump said Tuesday
Retail Trade Shock -Trump’s China Deal Mysteriously Disappears
President Trump has now topped the two magicians. His massive China Phase One Trade deal has disappeared in front of 1.7 billion people. On Tuesday in Yuma, Arizona the President said that he was the one who cancelled the recent review. “I don’t want to talk to China right now,” he said. President Trump went after China early in his term because he felt that our trade deficit was too high. While most of the world’s most renowned economists will argue against that point, America was clearly importing more than we exported. The President tried to alter the equation by imposing tariffs on imported products, which reduced the imports, but also it also served to destroy the exports. America’s exports to China have dropped every year since the Trump Administration has been in power:
US-China relations: nations failing as global leaders, academics say
The collapse of cooperation between Washington and Beijing is ‘very sad and a disappointment’, vice-president of Centre for China and Globalisation says during webinar ‘The last thing we need is to open another battlefield on the ideological front,’ says senior fellow for global health at the Council on Foreign Relations
U.S. and European firms face $1 trillion in costs to relocate their Chinese supply chains, BofA says
Even before the pandemic, BofA’s survey of global analysts found that companies were shifting away from globalization and towards a more localized approach when it came to their supply chains. The report revealed that the pandemic had caused 80% of global sectors to face supply chain disruptions, forcing over 75% to widen the scope of their existing re-shoring plans.
Why China is taking over the ‘American century’
Instead of recouping its former technological prowess, the US relies on China-bashing and tech bans
China to power world economy for several years as coronavirus recovery in developed countries lags, miner BHP says
Mining giant BHP has forecast China to be the only major economy to grow this year, with developed countries not starting recovery until 2021 Anglo-Australian miner predicts ‘solid’ global rebound in 2020, with China shouldering the bulk of growth
JD.com’s health care subsidiary to drive telemedicine in China with new family-friendly service
JD Health enables a family of up to eight people to get their health records preserved in its system, while providing all members with remote access to doctors That new approach to telemedicine represents how China’s private sector is seizing the enormous opportunity to help shape the country’s heath care market
Logistics: the secret ingredient in China’s e-commerce
How Alibaba and JD.com accelerate logistics innovation. There’s definitely something going on behind the scenes of China’s e-commerce industry: In no other country in the world is delivering packages to consumers in 24 hours considered standard practice. What’s the driving force behind this logistics service?
E-Commerce’s Newfound Role in Stabilizing and Expanding the U.S. Retail Sector
Admittedly, there will be consumers who continue to use traditional methods of shopping, and that will remain an open market for retailers as lockdown restrictions ease. Merchants with better familiarisation of the e-commerce industry should be able to continue to put the right systems and partners in place to maintain a continuous flow of sales worldwide. With added expansion in the industry, economic recovery in the U.S. can help propel pre-existing successful retail foundations into the future.
Livestreaming is becoming mainstream in China
Revenue from China’s livestreaming e-commerce market stood at 433.8 billion yuan last year, and is expected to more than double to 961 billion yuan this year, said a recent report from market consultancy iiMedia Research.
Hong Kong jobless rate edges down to 6.1 per cent but threats remain, welfare chief warns
Unemployment rate had risen for nine straight months as the recession continued to bite Labour market expected to remain under significant pressure in the near term
Oracle’s improbable TikTok talks have a simple explanation: data
Oracle’s preliminary interest in making a bid for TikTok looks like an awkward fit on first glance, but the match may not be as far-fetched as it appears The company’s possible pursuit of the deal makes more sense in light of its desire to build up its cloud-computing and consumer-data businesse
SenseTime, the Chinese AI giant blacklisted by Trump, mints money from coronavirus
The Hong Kong-based start-up’s 2020 sales are projected to reach US$1.3 billion, up 80 per cent from a year ago The company is close to completing a US$1.5 billion funding round that values it at about US$8.5 billion
China Employer Rules and Regulations: You Need This
China employers must have written employment contracts with each of their full-time employees. Not having a written employment contract exposes employers to penalties (payable to their employees), administrative fines and the risk of being deemed to have entered an open-term employment contract with the employees lacking the written contract. Most companies now understand this, but many do not realize that just a contract is not enough; every employer should have a set of employer rules and regulations as well.
US and China to double weekly flights, handing lifeline to grounded carriers facing industry’s worst travel slump
Air China, China Eastern Airlines, China Southern Airlines and Xiamen Airlines will be allowed to double their weekly US services to eight round trips A day earlier, the Civil Aviation Authority of China (CAAC) gave the green light for Delta Air Lines and United Airlines to increase their weekly China services to two round-trip flights
S&P warns of rising real rates risk to China’s recovery
Rating agency S&P Global warned on Tuesday that China’s economic recovery from the novel coronavirus pandemic could be at risk as a combination of rising interest rates and slowing inflation pushes real rates higher.
Geopolitical tensions greater threat to China businesses than COVID-19
Recovery is well underway, but finance leaders say uncertainty in China’s relations with other countries may dampen investments and business growth.
Property Raptor, a Hong Kong-based start-up targeting unicorn status, aims to automate real estate matchmaking
Company provides access to AI and blockchain-based system for as little as US$49 a month Primed for social distancing, its system reduces the time spent on administrative work by agents for clients
China Feihe hopes to dominate nearly a third of country’s baby milk market, as first-half earnings beat estimates
High-end products, a growth driver, make up over 80 per cent of Feihe’s profit in interim report Company invited investors and analysts to its factories in Heilongjiang province and its headquarters in Beijing after Blue Orca’s attack
Coronavirus: developing a vaccine is one problem to solve, getting people to use it is another
Vaccination hesitancy may harm the chances of reopening communities Medical experts say rapid vaccine development is causing public anxiety but wide-scale immunisation may be the only route back to a safe society
Coronavirus, economic slump force mainland Chinese owners to dump their luxury Hong Kong properties at steep losses
At least 10 recent transactions were lower than market price or incurred losses of as much as HK$8.2 million (US$1.06 million) for their mainland owners China’s economic slowdown and the third wave of Covid-19 infections in Hong Kong have made some mainlanders offload the properties, analysts say
Coronavirus pandemic could scar Hong Kong youth economically for life – but offers opportunities too
Not only does the impact of a financial crisis persist through a young person’s lifetime, but those in less desirable jobs are also likely to have a harder time improving their prospects To counter this, the government must launch programmes to retrain youth for jobs in industries that are on the rise, such as medical technology
Across Asia, rising Covid-19 case numbers burst all hopes of ‘travel bubbles’
Hongkongers itching for a taste of the Thai sun will now have to wait until next year Europe’s borderless nations reimpose restrictions amid second wave of virus cases
Apple removes thousands of games from the Chinese App Store, alarming observers
More than 47,000 games were removed
Taiwan plans to ban mainland Chinese streaming sites such as iQiyi and Tencent WeTV
Taiwan is planning to ban mainland Chinese streaming giants iQiyi and Tencent Holdings from operating services on the island The order will prohibit Taiwanese individuals and organisations from working with mainland Chinese video streaming companies
China-India border dispute: PLA flexes military muscle with live-fire drill in Tibet
Communist Party mouthpiece People’s Daily releases video and details of the exercise as state media steps up propaganda campaign Footage shows recently deployed artillery being used in what military expert calls a ‘demonstration of power’
US-China relations: US warship sails through Taiwan Strait under scrutiny from Beijing
Transit of guided-missile destroyer USS Mustin part of America’s ‘commitment to a free and open Indo-Pacific’, US Pacific Fleet says People’s Liberation Army, Taiwan send destroyer, frigate to monitor warship’s movements
Pakistani foreign minister expected to raise belt and road projects and disputed Kashmir in China meeting
Neighbouring India is an issue likely to come up when Shah Mahmood Qureshi visits Beijing The China-Pakistan Economic Corridor includes two new power projects and the biggest rail line in Pakistan’s history
Beijing sends its top diplomat to Singapore and South Korea amid US tensions
Yang Jiechi to visit Singapore on Thursday and South Korea from Friday His first trip to Seoul in two years will include talks on international security, Korean peninsula and coronavirus response
Mainland Chinese hackers attacked government agencies to steal data, Taiwan says
Four groups targeted at least 10 agencies and 6,000 email accounts of officials, according to self-ruled island’s Investigation Bureau It says some of the cyberattacks were carried out through Taiwanese contractors and it has set up a task force to handle the case
National security law: Hong Kong’s academic freedom is perfectly safe
There is no compelling evidence that the new national security law has in any way impinged on the many freedoms this city’s scholars enjoy Academia in Hong Kong is far more free than in the United States, where research is only mostly free and professors are told to silence their political views
Biden’s Democrats talk tough on China, but see different measures than Trump
Democratic Party platform echoes some of Donald Trump’s rhetoric on China, but criticises his tariff war and calls for ‘united front’ with allies
100,000 Chinese evacuated as Yangtze River floods threaten World Heritage Site
Floodwater rises above the toes of the Leshan Giant Buddha in Sichuan province for the first time in more than 70 years Water inflows at Three Gorges Dam expected to hit record highs on Wednesday
Why It’s So Hard to Overturn a Guilty Verdict in China — Even a Wrong One
Despite growing official awareness of the need to redress wrongful convictions, reversing a verdict remains a Herculean task.
Is Li Ying, the elusive millionaire who powered Jack Ma’s Yunfeng Capital to Silicon Valley success, the most eligible woman in China?
Once Jack Ma’s right-hand woman, Li Ying became one of China’s richest women after being poached by the Alibaba founder to run his private equity firm – now a free agent, will she become better known on the world stage?
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