By PAUL MOZUR and CECILIA KANG in The NY Times online, JUNE 29, 2017 When President Trump talked tough about China’s economic impact on America during the campaign, he criticized its trade policies and its approach to its currency. Yet one of the first pieces of legislation under the Trump administration that could have a major impact on the economic relationship between the two countries centers on something different: Chinese deal making in the United…
Posts published in “Day: June 30, 2017”
by Zhenhua Lu, US correspondent in South China Morning Post, June 30, 2017 Zhenhua Lu, US correspondent The US will impose unilateral sanctions on one Chinese bank, two individuals and one shipping company over their alleged “illicit financing” and “continued support” of North Korea’s nuclear and ballistic missile programmes, US Treasury Secretary Steven Mnuchin announced on Thursday at the White House. The US Treasury has identified the Bank of Dandong “to be a foreign financial…
by Frank Tang in South China Morning Post, June 30, 2017 Beijing is redoubling its efforts to lure foreign investors by promising them easier market access and fairer treatment after inbound foreign direct investment fell for a second straight year and the Trump administration launched a plan to lure businesses back to the US with lower tax rates. In the last two weeks, the Chinese government has shortened the list of sectors that are off-limits…
Reuters report in South China Morning Post, June 30, 2017 China’s manufacturing grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, although analysts expect a further slowdown in the world’s second-biggest economy is inevitable as Beijing cracks down on debt risks. The surprising strength in the vast manufacturing sector defied expectations for a cooling, thanks to robust external demand that underscored why global…
By Reuters in The Express Tribune, June 30, 2017 China has built new military facilities on islands in the South China Sea, a US think tank reported on Thursday, a move that could raise tensions with Washington, which has accused Beijing of militarizing the vital waterway. The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Center for Strategic and International Studies, said new satellite images show missile shelters and radar and communications facilities being built…