BEIJING—Global stock markets and Wall Street futures declined Monday after stronger U.S. hiring and a double-digit rise in Chinese exports. London and Frankfurt opened lower. Tokyo, Hong Kong, and Sydney declined while Shanghai advanced. U.S. employers hired more people than expected in October, according to government data released on Friday. China’s October exports rose 27.1…
Asian Markets Lower After Wall Street Record, China Trade Growth
November 8, 2021
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Asia & PacificasianAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompanieseconomic policiesEconomiesEconomyEuropeGold & CommoditiesgrowthHK BusinessHong KongIndiainflationInternationalInvestmentMarket WatchMarketsMiddle EasttradeUKUSUS NewsWall StreetWorld
China’s Port Strategy Positions It for Global Dominance
Commentary Since the end of World War Two, the U.S. Navy has been responsible for maintaining open and orderly overseas trade routes around the world. The United States has borne the costs of doing so, as those trade routes are a key part of the U.S.-led international order. The results, of course, speak for themselves….
Is US Decoupling from China?
News Commentary The pandemic and supply chain disruptions have exposed how dependent countries are on China as the world’s top manufacturing hub, and since last year there’s been a lot of debate about decoupling from China to reduce reliance on a single country. But is decoupling really happening? So far, data suggests that countries and…
China Open to Negotiations Over State Subsidies, Xi Jinping Says
November 4, 2021
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Chinese leader Xi Jinping on Oct. 4 said the regime was open to talks about state subsidies to domestic industrial firms that has become a sticking point in U.S.-China trade relations. In virtual remarks at the opening of the China International Import Expo in Shanghai, Xi said China will keep an “active and open attitude“…
US Trade Deficit Jumps to Record High in September
WASHINGTON—The U.S. trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday. The Commerce Department said that the trade gap surged 11.2 percent to a record $80.9 billion. Economists polled by Reuters had forecast an $80.5 billion deficit. Exports tumbled 3.0 percent to $207.6 billion in September. Goods…
Taiwan to Woo Backers at APEC for Bid to Join Pacific Trade Pact
November 2, 2021
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TAIPEI—Taiwan will seek support for its bid to join a trans-Pacific trade pact when it attends a meeting of economic leaders of the Asia–Pacific group APEC next week, President Tsai Ing-wen said on Tuesday. China, which has also applied to join the pact, opposes Taiwan’s membership and has increased military activities near the island which…
‘Take Down the CCP and Raise Up the American Worker’: Trump Advisor Peter Navarro Outlines His Mission in New Book
Donald J. Trump is “the Boss” and the Chinese Communist Party is a “brutal regime that needs to be taken down,” Trump administration senior official Peter Navarro told The Epoch Times in an exclusive and wide-ranging interview before the Nov. 2 release of his new book, “In Trump Time: A Journal of America’s Plague Year.”…
‘Take Down the CCP and Raise Up the American Worker’: Trump Adviser Peter Navarro Outlines His Mission in New Book
Donald J. Trump is “the Boss” and the Chinese Communist Party is a “brutal regime that needs to be taken down,” Trump administration senior official Peter Navarro told The Epoch Times in an exclusive and wide-ranging interview before the Nov. 2 release of his new book, “In Trump Time: A Journal of America’s Plague Year.”…
US Trade Chief Tai Says She Wants to Dial Down Temperature in US-China Relations
October 28, 2021
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U.S. Trade Representative Katherine Tai said her focus in engaging with China will be reducing tensions in the fraught trading relationship between the world’s two largest economic powers. Bilateral ties have come to a point where “it feels kind of like a pile of dry tinder,” Tai said at an Oct. 28 meeting at the…
US Trade Deficit Widens in September; Inventories Mixed
WASHINGTON—The U.S. trade deficit in goods surged in September as exports tumbled, suggesting trade probably weighed on economic growth again in the third quarter. The goods trade deficit increased 9.2 percent to $96.3 billion, the Commerce Department said on Wednesday. Goods exports dropped 4.7 percent, while imports gained 0.5 percent. The report, which was published…
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