The United Arab Emirates, a key US ally in the region, has announced that it will roll out a 5G network developed by Huawei this year, putting it at odds with Washington which is rallying countries against using the Chinese telecoms firm. Huawei has struck a deal with the UAE’s state-controlled telecom provider Etisalat Group […]
Author: Timothy Ang
The recent uptick in confidence as shown by surging markets could indicate that the Chinese economy is back on the up, according to analysts at Bloomberg, as stimulus policies from Beijing appear to be taking effect. A boost to liquidity from the central bank and good news coming out of Washington were among some of […]
The US has asked the Chinese trade negotiation team to cut tariffs on ethanol down to their pre-trade war levels, hoping that Chinese surging demand for the fuel will be a boon for American farmers. China has yet to respond to the request, said Agriculture Secretary Sonny Perdue. “They are engaged in conversation, they listen […]
The American Chamber of Commerce in China said on Tuesday that most of its member firms are in support of maintaining the US tariffs placed on Chinese goods while the two countries attempt to reach an agreement following the months-long trade war, reports Reuters. “There are mixed feelings about the tariffs, but a majority are in […]
Analysts warn that the hot start to the year for China’s onshore equities is showing some features of the bubble in 2015 that led to one of the worst market crashes in the country’s history. The combined trading volume on the Shanghai and Shenzhen stock exchanges exceeded RMB 1 trillion ($149.3 billion) earlier this week, […]