The US government and ZTE have signed an agreement that brings the troubled Chinese telecommunications company close to a return to normal operations nearly three months after it was hit by a ban on using American suppliers, reports the Financial Times. The only remaining task for ZTE is to pay a deposit of $400 million […]
Category: Brief
The US’s plans to hit $200 billion worth of Chinese imports with 10% levies will span the range of consumer and industrial goods, from agricultural and beverages to fuel and trailers. The US Trade Representative’s tariff list covers over 6,000 product types “from across all sectors of the Chinese economy”, Caixin quote. According to the […]
Beijing has vowed to retaliate to the White House’s decision to apply 10% tariffs to $200 billion of Chinese goods with equal measures of its own, as well as take the matter to the World Trade Organisation. Details on the quantity and nature of the retaliatory tariffs were not given, according to Reuters. China’s foreign […]
Chinese local governments reduced their bond issuance by about 24% year-on-year in the first half of the year, according to a report by China Chengxin International Credit Rating Co., as a nationwide scheme to cut back local debt levels draws to a close. Local governments issued Rmb 1.41 trillion ($212.8 billion) worth of bonds from […]
Ford saw a 26% year-on-year drop in its sales in the world’s largest auto market during the first six months of 2018, the Wall Street Journal reports, with the latest round of the trade war threatening to harm business further. Despite a 5.6% increase in China’s auto market during the period, Ford’s popularity continued to […]