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According to the data of the Chinese customs administration, in April the trade surplus of the PRC with the US rose to 22 billion 190 million dollars from 15 billion 430 million dollars in March. In the first four months of 2018, China's trade surplus with the United States amounted to 80.4 billion dollars. The world fears that the US and Chinese authorities can unleash a trade war that will damage global growth. The US has put forward a number of requirements to China, including a reduction in trade imbalances of $100 billion a year and an end to the support of producers from China. In a document sent by the US authorities to the talks held in Beijing, it is said that China's industrial policy creates problems for the US economy and security, The Wall Street Journal reports.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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