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+19 +1
China blocks some Taiwan imports but avoids chip disruptions
BEIJING (AP) — China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world's most important technology and manufacturing relationships.
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+3 +1
House passes bill to suspend normal trade relations with Russia and Belarus
The measure, which would allow the U.S. to impose steep tariffs on Russian imports, passed with overwhelming bipartisan support and now heads to the Senate.
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+4 +1
7.6 Tons Of Fake Pokémon Cards Seized By Chinese Authorities
Customs officials at Shanghai’s Pudong Airport have seized 7.6 tons of fake Pokémon cards. The cards were shipped from a company in China’s Qingdao province and headed for the Netherlands. According to Pokeguardian, the customs declaration, which listed the export products as having no brand name, raised suspicion among the airport officials. Pokémon is copyrighted in China and is protected by the country’s intellectual property laws. Therefore, exporting fake cards violates Chinese law.
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+18 +1
The US’s greatest danger isn’t China, it’s much closer to home
The rivalry with China is palpable but history teaches us lessons about how it’s easier to blame others than blame ourselves
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+10 +1
U.S. manufacturers blame Trump-era tariffs for inflation’s rise
Economists and policy makers are debating whether stimulus spending and easy monetary policy are fueling inflation. Many businesses say there is another culprit that should share the blame: import tariffs. The Trump administration implemented tariffs on products including lumber, steel and semiconductors to shield American companies from a glut of cheap imported products from China and other countries.
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+2 +1
Why African countries back China on human rights
Countries on the African continent need to consider the financial cost of upsetting a powerful ally.
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+20 +1
U.S. trade deficit rises to 12-year high $679 billion
The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded then-President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.
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+13 +1
Trump Promised a 'Good and Easy To Win' Trade War, Then Lost It
President Donald Trump's declaration on March 2, 2018, that a trade war with China would be "good and easy to win" remains one of the defining moments of his four years in the White House.
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+21 +1
How will the digital RMB change the financial ecology?
The digital RMB (E-CNY) pilot is very mysterious and low-key, but people can still feel the grand pattern of the digital RMB from various information. As a product with a high financial technology content of the central bank, the digital renminbi will become a heavyweight weapon that substantially promotes financial services to the real economy and manages financial risks.
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+14 +1
U.S. imposes tariffs on aluminum sheet from 18 countries
The United States is imposing new tariffs on $1.96 billion worth of aluminum sheet products from 18 countries after determining that the goods were being dumped, U.S. Commerce Secretary Wilbur Ross said on Friday. The tariffs were being immediately imposed on countries including Germany and Bahrain, even though the department’s determination that there was dumping was preliminary, he told Fox Business Network.
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+19 +1
U.S. trade deficit balloons by $10B to its highest level since 2008
The gap between what the United States buys from the rest of the world and what it sells widened to its highest level since 2008, as imports jumped by a record amount in July. Data from the U.S. Department of Commerce released Thursday showed that the American trade gap reached $63.6 billion US during the month.
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+12 +1
Trillions in bad loans straining China’s banking system, regulator warns
Hidden bad loans threaten to wipe out bank profits and erode capital bases, especially at China’s small and regional banks that have come under fire for years of undisciplined balance sheet expansion and fraud.
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+19 +1
China’s days as the world’s factory numbered leaving 290 million workers at risk
China’s 290 million migrant workers have been the hardest hit by the coronavirus having already been under pressure from the US-China trade war.
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+2 +1
China worried about ‘losing face’ as Japan bankrolls exodus of firms
Japan’s decision to offer an initial group of 87 companies subsidies totalling US$653 million to expand production at home and in Southeast Asia has sparked debate whether the world’s third largest economy is trying to gradually decouple from China. The coronavirus pandemic has wreaked havoc on global supply chains, with the crisis underlining what many companies and countries have known for some time: they are too reliant on China.
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+18 +1
Relationship between Globalisation and Free Trade – Explained!
Globalisation brought about internationalisation of economic activities, especially with US and UK taking to greater interest in market coordination during 1980s. There was greater emphasis on private enterprise during Ronald Reagan and Margaret Thatcher’s regime in US and UK respectively. During this period, there were more export-oriented economies, due to the recommended path by the international funding bodies such as International Monetary Fund (IMF) and World Bank.
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+12 +1
Why Kenya has banned the commercial slaughter of donkeys
What is driving the sudden rise in demand for donkey meat and skins? The global demand for donkey skins and meat is mostly driven by Chinese markets. In China donkey meat and skins are used to produce snacks, beauty products, sex stimulants, anti-ageing products and traditional medicine known as ejiao.
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+12 +1
New Data Shows U.S. Companies Are Definitely Leaving China
Global manufacturing consulting firm Kearney says U.S. manufacturers are indeed leaving China. Here's the evidence.
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+15 +1
U.S. farmers still dependent on trade aid after China deal
As U.S. President Donald Trump touted the signing of a U.S.-China trade deal in January, he told cash-strapped farmers they would soon need bigger tractors and “a little more land” to meet additional Chinese demand for U.S. agricultural goods.
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+11 +1
The market just triggered a 'circuit breaker' that keeps stocks from falling through the floor. Here's what you need to know
The S&P 500 fell more than 7% Monday, triggering circuit breakers that temporarily helped halt a further plunge. The index hit “limit down” shortly after the open, halting trading below that level for 15 minutes. The market resumed trading at 9:49 am ET and continued a decline that saw the Dow Jones Industrial Average briefly shed more than 2,000 points.
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+21 +1
Covid-19 is teaching hard lessons about China-only supply chains
Until about the third week of January, only a few pharmaceutical executives, drug-safety inspectors and dogged China hawks cared that a large share of the world’s supply of antibiotics depends on a handful of Chinese factories. These include a cluster in Inner Mongolia, a northern province of windswept deserts, grasslands and unlovely industrial towns. Then came the covid-19 outbreak, and quarantine controls that locked down factories, ports and whole cities across China.
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