China promises action on US trade deal but gives no details Wednesday, December 5th, 2018

BEIJING, (AP) - China has issued an upbeat but vague promise to carry out a tariff cease-fire with Washington but gave no details that might help dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. China has yet to confirm Trump's claim Beijing promised to..

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China’s Bubbles Buoy Economy as Risks Loom Monday, December 3rd, 2018

China's steel production hit an all-time high in October as manufacturers pumped up output in what may be a bubble in the country's slowing economy. Despite international concerns about excessive production and U.S. tariffs on its exports, China set a monthly record of 82.55 million metric tons of..

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US, China agree to trade war ceasefire, more talks

BUENOS AIRES, (AFP) - US President Donald Trump and China's Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world's two largest economies, even if huge existing duties will remain in place. Following more than two hours of dinner talks between the two..

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China allows UBS to control local securities business Saturday, December 1st, 2018

BEIJING, (AFP) - UBS has been authorised by China's securities regulator to take a controlling stake in a local business, making the Swiss giant the first foreign bank allowed to do so under new rules. Beijing in April relaxed the rules in the financial industry in a move to open up the..

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China factory activity softens amid trade war Friday, November 30th, 2018

BEIJING, (AFP) - China's factory activity fizzled in November, official data showed Friday, in the latest sign that the world's second-largest economy is losing steam in the midst of a US trade war. The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 50.0 for the..

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Jack Ma, China’s richest man, is a Communist Party member Wednesday, November 28th, 2018

BEIJING, (AFP) - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party. The billionaire's Communist bona fides were revealed by the People's Daily, the party's official..

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China Grapples With Risks of Gas Growth Monday, November 26th, 2018

China's dependence on imported oil and gas will continue climbing in the coming decades, raising energy security risks as the country seeks to safeguard its supply routes. According to the latest projections from the International Energy Agency (IEA), China's reliance on foreign oil will grow from..

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China hopes for trade war solution at G20 Xi-Trump talks

BEIJING, (AFP) : China said Friday it hopes US President Donald Trump and Chinese leader Xi Jinping can find a solution to the trade war when they meet at the G20 summit next week. The talks in Argentina come as the two countries have failed to reach any agreement to resolve a dispute that..

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China says ‘cannot accept’ new US trade accusations Thursday, November 22nd, 2018

BEIJING, (AFP) - China said Thursday that it "cannot accept" Washington's latest accusations of unfair trade practises as the two economic giants exchanged barbs ahead of a key meeting between their presidents later this month. In an update to an earlier investigation into China's trade practices,..

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Surge in China theft of Australia company secrets: report

SYDNEY, (AFP) - China has sharply escalated cyberattacks on Australian companies this year in a "constant, significant effort" to steal intellectual property, according to a report published Tuesday that angered Beijing. The investigation by Fairfax Media and commercial broadcaster Channel Nine..

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Eyeing the White House: The Democratic Field Tuesday, January 22nd, 2019

Not so much hunting season as declaratory season in US politics. The US presidential candidates from the Democratic side are making promises spiced with forced..