By Charles F. Moreira, Editor Malaysia’s electrical and electronics (E&E) industry grew by leaps and bounds after semiconductor giant Intel opened its first integrated circuit production plant outside the United States in Penang’s Bayan Lepas Free Trade Zone in 1972 Others such as Broadcom, Dell, Motorola, National Semiconductor, other U.S. and Asian E&E manufacturers and […]
China unlikely to meet U.S. trade targets
Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s trade deal — with energy emerging as the biggest casualty. China has made strides toward its agricultural and manufacturing targets, but it remains far behind — maybe hopelessly far…. To read more: […]
What does the US-China rift mean for the world?
Pic courtesy of Russia Today The rhetoric between the world’s two largest political powers — the United States (US) and China — has heated up. The trend began several years ago, during Barack Obama’s presidency. But it grew under Donald Trump’s tenure, and intensified following in the wake of the coronavirus pandemic. Chinese diplomats have […]
China adds US agricultural products to tariff exemptions ahead of trade talks
China plans to exclude American farm goods, including soybeans, from tariffs in the latest move to ease trade tensions before the two countries restart trade talks next month. The Chinese Ministry of Commerce said Friday that China welcomed President Donald Trump’s decision to delay tariffs by two weeks and said it will exempt U.S. agricultural […]
China sees steady trade growth in 2019
China’s foreign trade in goods surged faster than expected to a record high last year and the outlook remains positive against a backdrop of further opening-up and supportive government policies, the Ministry of Commerce said on Tuesday. China, the world’s second largest economy, is the world’s largest trader in goods and total imports and exports […]
Government mulls revised regulation for FTZ
Wu Zuqiang, a member of the finance and economy committee of Shanghai People’s Congress, said legislators have carried out studies on the issue of regulation over the past year and heard opinions from entrepreneurs, scholars and government institutions.”We were advised that the revised regulation should reflect the central government’s strategy to deepen the reform and […]
Don’t expect ‘rosy data’ from China in Q1: Fidelity
Catherine Yeung of Fidelity International says trade tensions between the U.S. and China have not started to show in trade data, in part due to front loading of goods. Source : CNBC (20)
China’s foreign trade to remain steady in 2018: report
China’s foreign trade will maintain steady growth in 2018, as the country’s economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce. China’s foreign trade saw fast growth in the first three quarters. The country’s goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about 4 […]
G20 leaders skirt trade tensions, back WTO reform
The leaders of the world’s largest economic powers on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. SOURCE: Reuters (25)
China’s foreign trade up 11.1 percent in first 11 months
China’s goods trade rose 11.1 percent year on year to 27.88 trillion yuan (about 4 trillion U.S. dollars) in the first 11 months this year, said the General Administration of Customs (GAC). Exports rose 8.2 percent year on year to 14.92 trillion yuan in the January-November period while imports grew 14.6 percent to 12.96 trillion […]