China’s exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world’s largest trading nation, a Reuters poll showed. Imports are expected to have fallen for a second straight month, pointing to continued weakness in domestic demand and highlighting the need for Beijing […]
Beijing Shocked President Trump Maintains Wrong Thinking to Magnanimous Panda Ahead of G20…
Oh dear, China is unhappy. According to the Global Times President Trump is not “showing enough good faith” to demonstrate he “wishes to ease the trade tensions” with magnanimous panda. Sincerity is not being observed. The G20 is coming up next week. Magnanimous panda has exhibited great gesture with North Korea. Expectations of reciprocal acquiescence […]
Conspicuous Messaging – Kim Jong Un Receives Letter of “excellent content” From President Trump…
Magnanimous Panda Departs Pyongyang After “reinforcing the traditional friendship between China and North Korea”…
The money quote from Chinese Chairman Xi Jinping in the role of magnanimous panda as he departs Chairman Kim: “This visit has achieved complete success in reinforcing the traditional friendship between China and North Korea”…Kim remains hostage, and Xi highlights his captive capabilities in advance of the G20 ‘expanded’ meeting with President Trump in Osaka, […]
Apple, Black & Decker and Steve Madden Among U.S. Companies Moving Production Out of China. Full List…
Apple is reportedly considering moving up to 30 percent of their production from China to Southeast Asia, the latest company to join a small but growing list of firms that are evaluating their supply chains in the region amid continued trade tensions with the U.S. While the spat between the U.S. and China spurred the […]
Chinese Auto Sales Post Worst-Ever Monthly Decline as Trade War Intensifies…
China reported the worst-ever monthly sales drop in the world’s largest vehicle market on Wednesday, exacerbating concerns over the country’s economic slowdown and growing impact of an ongoing trade war with the United States. Sales tumbled 16.4% in May from the same month a year prior, the China Association of Automobile Manufacturers (CAAM) said. That […]
Apple, Nintendo Prepared to Move Production Out of China…
Apple and Nintendo both have plans to shift some production from China to Southeast Asia to reduce exposure to the fourth proposed list of China tariffs, currently set to be approved mid-June. This list could heavily impact tech companies dependent on cheap manufacturing, raw materials, components, and hardware coming from China. – We are totally […]
China’s Factory Inflation Slows as Manufacturing Stumbles; Food Prices Soar…
China’s factory inflation slowed in May as faltering manufacturing hit demand, reinforcing worries about cooling growth in the world’s second-largest economy, while a surge in food prices could add to consumer grievances about living costs. The slowdown was driven by declines in industrial commodities prices and was in line with the downbeat factory activity seen […]
Does China Have Enough U.S. Dollars to Survive the Trade U.S. Trade War…
The Chinese government is officially sitting on the world’s largest stockpile of foreign exchange reserves, but it has been scrambling recently to block backchannels for capital outflows as trade tensions with the United States increase. Beijing’s increasing scrutiny of the usage of the US dollar by Chinese companies and individuals, in the absence of any […]
Chinese Economist: U.S. Government Will “Pay the Price” For its Protectionist Behavior…
China’s recent moves against US pressure regarding bilateral trade friction are aimed at safeguarding its justified legal rights and interests, the norms of international relations and the free trade system, State Councilor and Foreign Minister Wang Yi said on Wednesday. Speaking to reporters on the sidelines of the Shanghai Cooperation Organization Foreign Ministers’ Meeting in […]