Holden is positive about the future of the relationship. “Honestly, both countries need each other,” he said. “We need to be able to sell products in China. The Chinese population is wanting the goods that we can produce here. China also gives us a workforce in some of our industries, which makes them com petitive globally,” said Holden, who opened Missouri’s first trade office in China during his term from 2001 to 2005. “I think there are advantages and opportunities on both sides if we ca n get people to sit down and really look at how do we put these pieces together,” Holden said.Read More →

 authority intervention in foreign exchange markets over the past se veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curre ncy manipulation to 21 from 12. Countries with a current account surplus with the US equivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before. China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washington will continue asse ssing theRead More →

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports. “I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen. “But clearly, from a corporate perspective, this Department of Commerce action has created costs and has escalated the uncertainty quite a bit.” Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in theRead More →

form and opening-up drive, and said the country’s success has not only brought changes to itself, but als o has profound and positive influence on the world. Vanuatu firmly honors the one-China policy and supports the Chinese government in its efforts to realize peaceful national reunification, he added. oreign investors may get access to more onshore commodity contracts  China will give foreign investors more access to its commodity futures market as part of it s continuing efforts to strengthen the real economy, the top securities regulator said on Tuesday. The move will benefit both overseas and domestic market participants, and the opening-up of the stockRead More →

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US. The US administration’s often competing and clashing objectives-though m any of them are understandable-cannot be realized simultaneously. For instance, the U S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market. A dream called sustainable reindustrialization Yet the US expends huge amountsRead More →

 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report. About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic h will take place as of the close of May 28, and the three largest additions to this index would be the Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said. In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi tions coming from newly eligible ChiNext stocks, according to anRead More →

m the UN Environment Program, said poorly managed infrastructure projects can damage the ecosystem. He said it is key for scientists to communicate with government officials to create better planning and new solut ions, and more interdisciplinary research into natural disasters and risk management is also helpful. Guanxi, compadrazgo and bapakism. Three words from China, the Philip pines and Indonesia that encapsulate the same values of the vast continent through the ag es-a shared belief in the importance of the family and the community over the individual. These values, rooted on Asia’s culture and history and centered on consens us, social harmony, stability and discipline,Read More →

asures as reducing the rate of the value-added tax, increasing the tax exemption for research costs and reforming individual income tax. The measures should not only ease the tax burden for manufacturing com panies but also reduce taxes for construction enterprises, which provide a great num ber of jobs, Li said, adding that all industries should be covered by the benefits of tax cuts. Li pledged more efforts to urge government departments and State-owned e nterprises to pay off their debts so that the effects of tax reduction are not diminished. The government will take further measures to deepen reform and opening-up, en courage innovationRead More →

arned against further raising tariffs. “Increasing tariffs will only continue to harm America n consumers and businesses of all sizes and across all sectors, as well as threat en American econ omic growth and leadership in innovation,” said Naomi Wilson, the council’s senior director of policy for Asia. US chemical manufacturers also called for sensible trade policy solutions. Cal Dooley, president and CEO of the American Chemistry Council, said on Monday he believed t he risks of continuing to use tariffs as a negotiating tactic with China are simply too high, and potential benefits remain unclear. Several organizations, including Tariffs Hurt the Heartland — theRead More →

ting the spirit of December’s Central Economic Work Conference. Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality. The importance of manufacturing’s high-quality development in stabilizing economic growt h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger. The development of small and medium-sized companies and private businesses should be supported through measures like s peeding up the supply-side structural reform of finance and providing better loan services, the stat ementRead More →