Mainland Chinese companies must adhere to U.S. national financial regulations, or face delisting on America’s stock exchanges, according to legislation passed by the Senate on May 20. The bill applies to listed firms, as well as those raising capital in the United States. Similar legislation is currently in the works in the House of Representatives, ...
The U.S.-China phase one trade deal will be signed by President Donald Trump and Chinese officials on Jan. 15 at the White House, the president announced on Dec. 31. “High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!” Trump ...
The Chinese Communist Party’s (CCP) long-term goal for the Chinese economy has been to double its GDP in the 2010-2020 decade. This is seen as necessary to make China a “modestly prosperous” country. However, Beijing’s trade war with Washington is apparently spoiling the Party’s expectations, as many analysts predict slower GDP growth for China in ...
If any country seems to be profiting from the trade war between Washington and Beijing, it is neither America nor China, but Bangladesh. The introduction of 25 percent tariffs on Chinese imports and Trump’s threat of bringing more goods under the purview has forced manufacturers to look for production centers in nations other than China. ...
China’s trade war with the U.S. is pushing out manufacturers who wish to avoid being slapped with excess tariffs. Japanese businesses seem to be at the forefront of this mass manufacturing exodus. Away from China Some of the products exported from China to the U.S. attract a 25 percent tariff before they hit the ...
Chinese officials say that they are not worried about the state of the economy and can “handle” America in the trade war. But raw data about the Chinese economy paints a completely different picture. China’s increasingly troubled economy Industrial production in China grew by only 5 percent in May, below the 5.5 percent figure expected ...
The trade dispute between America and China has been causing stress to businesses on both sides. In the U.S., Apple seems to be very worried that the conflict might end up affecting its sales and revenues of iPhones, at least for the short term. Rising iPhone prices Market analysts predict that prices of iPhones will ...
The financial crisis of 2008 was one of the most turbulent economic events that the current generation has undergone. Triggered by the collapse of the U.S. subprime mortgage market, it went on to wipe out trillions of dollars from the global economy and caused several financial institutions to shut down. A decade later, we are ...
With China cutting down imports of U.S. soybeans due to its trade conflict with America, many soybean farmers are worried about their future. While experts predict that things should go back to normal once both nations arrive at a trade deal, farmers need to realize that the future of American soybeans is not entirely dependent ...
After recent talks between the U.S. and China failed to offer any sort of end to the ongoing trade war, market experts are worried that the conflict might last longer than expected. Post the talks, America increased tariffs on US$200 billion worth of Chinese imports to 25 percent. Meanwhile, China has announced that it would increase ...