In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
China states it doesn’t want to boost trade clashes with the US
On Thursday, the Chinese Ministry of Commerce told that China doesn’t want further escalation of trade contradictions with America during the last round of negotiations, which ended on the weekend. As a m a matter of fact, the sides managed to achieve some progress.
The leading Asian country expressed its willingness to ramp up the volume of imports from the United States in the framework of negotiations on cutting the trade deficit of the US in the amount of $375 billion and also easing the tension provoked by the trade dispute.
According to some sources, Donald Trump had discussed the proposal of the Chinese authorities to spur the import of agricultural products as well as energy from the USA by up to $ 70 billion with the trade advisors, although it’s not clear whether this transaction is going to be sufficient to avert a trade conflict or not.
The US leader threatened to impose tariffs on Chinese exports of about $150 billion on the background of another dispute having to do with the protection of intellectual property.
Additionally, the administration told that the final list of goods that will be subject to tariffs will be uncovered next week and that the US Treasury considers limiting Chinese investments in the USA.
Gao Feng, the official spokesman for the Ministry of Commerce, told that the Sunday negotiations of US Secretary of Commerce Wilbur Ross as well as Vice Premier of the State Council Liu He in Beijing came with a detailed discussion of the issues of energy trade and agriculture, although he didn’t confirm that Beijing made a proposal for about $70 billion.
Moreover, Gao added that that the negotiations generated some progress, and repeated that Beijing is willing to spur imports from America, but he didn’t provide further details.
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
Theresa May will present the Brexit deal to the Parliament on Tuesday. This event will probably shake the British pound. What are the other market movers for this week? Read and find out!
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…