With both the U.S. and China signing the Phase 1 trade deal, optimism has returned to the markets in the global economy. Many investors believe that the deal represents the first step in the eventual normalization of trade relations between the two economic superpowers. However, the agreement introduces the concept of “managed trade,” which can ...
In the recently signed Phase 1 trade deal between the U.S. and China, Beijing committed to buy US$200 billion worth of goods from America in the next two years. However, many experts have raised doubts as to whether this will actually be possible. $200 billion purchase “The additional purchases will come on top of the ...
For the past several months, global markets have been in a tense state as the trade conflict between the U.S. and China threatened to blow up anytime. Recently, it was reported that an informal Phase 1 U.S.-China trade deal has been agreed upon by both parties. Now, it seems that a formal trade deal agreement ...
In May last year, U.S. President Donald Trump banned Chinese company ZTE, barring it from working with American companies due to violating sanctions against North Korea and Iran. Though the ban was revoked a month later, the incident nearly caused the collapse of ZTE. Last month, Trump enforced a ban on Huawei, restricting it from ...
When China came to “own” Hong Kong in 1997, it had a long-term plan for bringing the city under communist control. But the recent protests by Hongkongers have shaken Beijing, making the Chinese government realize that the people of the city are not just going to sit on the sidelines while they take control. Failing ...
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