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OP STORIES NEWSLETTERS CHINA HK ASIA WORLD COMMENT BUSINESS TECH LIFE CULTURE SPORT WEEK IN ASIA POST MAG STYLE .TV INFOGRAPHICS PHOTOS TOPICS MOST POPULAR Illustration: SCMP CHINA BUSINESS US trade war forces businesses to rethink Chinese investments amid fears dispute will drag on into new year Foreign direct investment inflows to China drop in first 11 months of year as concerns grow there will not be a swift resolution to the tensions One survey found that around a third of companies were considering delaying or cancelling investments Chad BrayChad Bray UPDATED : Sunday, 30 Dec 2018, 11:03PM 4 The...

President Trump took a brilliant, gutsy step in confronting China over its parasitic trade strategy, and the signs today are unmistakable that he made the right call. Consider two developments in the last few days. China's principal stock market in Shanghai has closed out 2018 with the world's worst decline.  The South China Morning Post in Hong Kong reports: Shanghai's stock benchmark ended 2018 as the world's worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The...

**SNIP** Climate activists expressed disappointment. "Without a mandate to create a plan and a requirement that its members don't take fossil fuel money, we are deeply concerned that this committee will be just another of the many committees we've seen failing our generation our entire lives," said Varshini Prakash, the Sunrise Movement's spokeswoman. The push reflects the increasing power and visibility of liberals on Capitol Hill. Poised to be the largest of the values-based caucuses next year, the Congressional Progressive Caucus has already received a jolt of energy from members such as Ocasio-Cortez, whose political celebrity and regular posts to...

Tech-industry juggernauts Apple, Samsung and Huawei each have their own unique and strategic (yet often hilarious) way of taunting one another’s flagship devices. But amid recent events like the uncertain state of U.S. China Trade relations and arrest of the firm’s Chief Financial Officer, Meng Wanzhou, the riff between China’s Huawei Technologies Co. and U.S.-based Apple, Inc. has escalated far beyond their typical friendly-fire. Some 20+ Chinese firms have already urged their employees to boycott Apple products and, in retaliation, encourage them to buy from Huawei instead. Most firms partaking of these anti-Apple boycotts are reportedly offering their employees up...

A downturn in China's car market has wrong-footed some of the world's biggest automakers, saddling them with factories they no longer need and that are costly to retool, according to a report from the Dow Jones Newswires supplied to EFE on Tuesday. Ford Motor, Peugeot and Hyundai Motor especially mistimed recent expansions, opening new plants just as the seemingly unstoppable growth of China's auto market went into reverse.

The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. Read more at https://www.channelnewsasia.com/news/business/china-trade-steps-seen-as-good-start-but-leave-core-us-demands-untouched-11039062

New York (CNN Business)Holiday sales grew at their fastest pace in six years, buoyed by rising wages and a drop in gas prices. Retail spending from November 1 through December 24 increased 5.1% from a year ago, according to Mastercard SpendingPulse. Shoppers spent more than $850 billion during the holidays. Unfazed by volatility on Wall Street, consumers flooded into stores and bought clothes and home decor online. Gas prices have dropped by more than 20 cents a gallon over the past month, giving shoppers extra cash for the holidays. "Consumer confidence translated into holiday cheer for retail," said Steve Sadove,...

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.

The Dow Jones Industrial Average skyrocketed more than 1,000 points on Wednesday, its largest one-day point gain in its history, as rallies in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. Loading... The 30-stock Dow closed 1,086 points higher, or 4.98 percent. Wednesday’s gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points. The S&P 500 also catapulted 4.96 percent — its best day since March 2009 — as the consumer discretionary, energy and tech sectors all climbed more than 6...

It's probably one of the biggest business stories right now  that you haven't heard about both because the mainstream media has downplayed it and because the reports came just the public's attention was captured by last minute Christmas Eve shopping .  And if you are aware of it, you haven't seen the name of a certain president who was instrumental in making it happen. So what is it? China announced that it is cutting or eliminating tariffs on 700 of their export items. And why did the Chinese do that? Was it out of the kindness of their hearts? Or was...

In its third round of tariff cuts this year, China announced that 700 more goods will have tariffs cut. Bloomberg reports: China announced another round of tariff cuts, lowering import taxes on more than 700 goods from Jan. 1 as part of its efforts to open up the economy and lower costs for domestic consumers. No doubt, that’s what they say. And it is true that domestic consumers will benefit from lower cost access to foreign goods. But, is President Trump’s pressure on China not a factor? I am sorry, but I can’t accept the notion that Trump is...

HUGE ECONOMIC NEWS THIS MORNING— China moved to reduce tariffs on US cars from 40% to 15% in the latest sign of their willingness to negotiate a trade deal with President Trump.... ...Despite the Deep State DOJ’s best efforts to ruin the trade deal and punish Americans China is committing to a new trade agreement with the Trump administration.

China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter. The step hasn’t been finalized and could still change, according to the report. Shares of U.S. automakers including General Motors Co (GM.N) and Ford Motor Co (F.N) rose about 2 percent in premarket trading on hopes that the move could revitalize sales that took a hit when China ramped up levies on U.S.-made cars.

When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target. It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted something done about counterfeiting, allegations that the Chinese were stealing U.S. intellectual property and investment rules Beijing leans upon that force technology transfers.

President Donald Trump is losing his war on the U.S. trade deficit and the evidence is growing that his own tariffs are at least part of the reason why. The U.S.'s monthly deficit in goods and services with the world reached its highest level in a decade in October while the deficit with China hit a record, according to data on Thursday. (please see link for full article) Pretty long, good article.

Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.

The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up. News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military. U.S. officials have requested her extradition, citing a suspected sanctions violation.

The highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit concluded last Saturday evening with no major breakthrough. Pundits who had hoped for a good trade deal between the U.S. and China are surely disappointed.President Trump previously threatened to raise tariffs from 10 to 25 percent on about $250 billion worth of Chinese imports on January 1, 2019. Now he has agreed to hold off on the tariff hike while both the Americans and Chinese delegations engage in trade negotiations for the next 90 days.At present, President Xi has agreed not...

U.S. equity futures rose Wednesday after Beijing acknowledged the 90-day deadline set by President Trump and Chinese President Xi Jinping to find a solution to the two nations' trade dispute.... ....gains come after the Dow Jones Industrial Average plummeted 799 points Tuesday in a massive equity rout that stemmed from worries...

Stocks took a nosedive on Wall Street as investors worried that a US-China trade truce reached over the weekend wasn’t all it was cracked up to be. The Dow Jones Industrial Average sank almost 800 points Tuesday. ------------------ The markets plunged after Trump unleashed a threatening tweet Tuesday morning. “President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man,” Trump tweeted.