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  • China and U.S.2017: China Ready to Step Up Scrutiny of U.S. Firms

    China is prepared to step up its scrutiny of U.S. companies in the event President-elect Donald Trump takes punitive measures against Chinese goods and triggers a trade war between the world’s two biggest economies after he takes office, according to people familiar with the matter.

    The options include subjecting well-known U.S. companies or ones that have large Chinese operations to tax or antitrust probes, the people said, asking not to be identified because the matter isn’t public. Other possible measures include the launch of anti-dumping investigations and scaling back government purchases of American products, according to the people.


    More: https://www.bloomberg.com/politics/a...-feud-ixl2je3s

  • #2
    China’s Xi warns against trade war in defense of globalization


    Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalization by Donald Trump and other Western populists.

    “Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of state to address the annual gathering in the Alpine resort town of Davos. “No one is a winner in a trade war.”


    More: https://www.bloomberg.com/politics/a...-globalization
    Last edited by Redearth; 01-17-2017, 01:10 PM.

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    • #3
      Donald Trump may be looking to pick a fight with China over trade. Beijing says it just wants to talk.

      "In the China-U.S. economic and trade relationship, cooperation brings about benefits and confrontation brings about damage," Sun Jiwen, a spokesman for China's Ministry of Commerce, told reporters on Thursday, seemingly seeking to defuse a growing verbal spat between the two countries.



      More:
      http://money.cnn.com/2017/01/19/news/economy/us-china-trade-trump-dialogue/index.html?iid=hp-stack-dom

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      • #4
        These Companies are at risk in a U.S.-China trade war


        With the arrival of China-bashing Donald Trump as president in the White House, analysts are drawing up shortlists of winners and losers from any eruption of tensions between the world’s top two economies.

        It’s still far from clear how plans will shape up under Trump, who on the campaign trail blasted trade deals with China that generated record U.S. deficits. What is clear: China will retaliate against any protectionist steps -- not only are there

        reported contingency plans, but the historical example of measures against Japan when tensions flared in 2012.



        More: https://www.bloomberg.com/news/artic...nike-to-lenovo

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        • #5
          Trump TPP move seen as win for China, but Beijing isn’t celebrating


          BEIJING — President Donald Trump’s decision to cancel a Pacific rim trade deal was greeted as a sign of a U.S. retreat from Asia and a boon for China, which hadn’t been included in it.

          The Chinese government — a longtime critic of the Trans-Pacific Partnership — opted not to gloat, however, instead signaling Tuesday a cautious approach to the new U.S. administration and concern for what comes next.

          While the U.S. withdrawal from the treaty could boost China’s role in the Pacific, Beijing is more preoccupied by what else the Trump administration may have planned for the region.



          More: https://www.washingtonpost.com/world...=.9f28624d7f1b

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          • #6
            These companies are at risk in a U.S.-China trade war


            With the arrival of China-bashing Donald Trump as president in the White House, analysts are drawing up shortlists of winners and losers from any eruption of tensions between the world’s top two economies.

            It’s still far from clear how plans will shape up under Trump, who on the campaign trail blasted trade deals with China that generated record U.S. deficits. What is clear: China will retaliate against any protectionist steps -- not only are there

            reported contingency plans, but the historical example of measures against Japan when tensions flared in 2012.



            More: https://www.bloomberg.com/news/artic...nike-to-lenovo

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            • #7
              Backing away from a fight, Trump to honor one-China policy

              BEIJING — President Trump just backed down from what could have been a serious fight with China.

              On Thursday evening in Washington, he appeared to shy away from confrontation with Beijing by agreeing to honor the one-China policy, during a lengthy telephone call with China’s President Xi Jinping.

              The move is set to ease tensions between the world’s two most powerful nations: relations had been inflamed after Trump suggested he would only commit to the one-China policy if Beijing addressed his concerns about trade and currency issues.



              More: https://www.washingtonpost.com/world...=.f759c5d3544f

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              • #8
                Mnuchin Signals No Urgency to Name China a Currency Manipulator

                Treasury Secretary Steven Mnuchin signaled no urgency to designate China a currency manipulator, saying he wants to use a regular review of foreign-exchange markets to determine if the U.S.’s largest trading partner is cheating.

                No announcement on currency manipulation will come before the April report, Mnuchin said in an interview with Bloomberg on Thursday. The trade agenda of President Donald Trump has threatened the relationship between the world’s two largest economies, with bipartisan support for the new administration to go tougher on.



                More: https://www.bloomberg.com/politics/a...t-april-report

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                • #9
                  China's Xi says Shanghai should lead in reform, innovation

                  SHANGHAI (Reuters) - Shanghai should lead China's plans to reform and advance innovation, the official Xinhua news agency has reported President Xi Jinping as saying at the annual meeting of parliament.

                  Xinhua reported that Xi told the National People's Congress (NPC) on Sunday that Shanghai should try to ensure its free trade zone was a bastion of reform and financial innovation.

                  It should also assist China with its "One Belt, One Road" initiative that will provide services along Silk Road trade links, he told the NPC, China's largely rubber-stamp parliament.


                  More: https://ca.finance.yahoo.com/news/ch...-business.html

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                  • #10
                    One company is bearing the brunt of China's anger over U.S. missile system

                    One of South Korea's biggest conglomerates has found itself caught in the middle of escalating tensions with China over the deployment of a controversial U.S. missile defense system.

                    Lotte Group agreed last week to hand over a golf course to the South Korean government to house the THAAD system. Since then, at least 23 Lotte Mart stores across China have been shut down by authorities, according to the company.

                    Chinese officials say the stores have been closed because they fail to comply with fire safety regulations. But the crackdown comes just days after China's state news agency Xinhua warned that the decision to make land available for THAAD "could turn into a nightmare for Lotte."


                    More: http://money.cnn.com/2017/03/07/news...d=hp-stack-dom

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                    • #11
                      China and U.S. in new global faceoff between economic planning and deregulation

                      The struggle between economies based on government planning and the unhindered free market was supposed to have been settled years ago when the Soviet Union crumbled.

                      Now it appears the battle between planning and the invisible hand may be back on and it's still not absolutely clear which side will win.

                      This week China announced a new set of government plans to boost its economy. By contrast, the U.S. moved toward a new round of deregulation with the same intent.



                      More: http://www.cbc.ca/news/business/dere...pact-1.4011722

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                      • #12
                        Trump’s trade ‘hammer’ aims to pound China, Mexico and the WTO

                        The trade talks on steel imports were dragging on, and Robert Lighthizer didn’t care for the Japanese offer. So he folded it into a paper airplane and launched it across his desk at Japan’s lead negotiator.

                        Within days, the Japanese agreed to cut their nation’s share of the U.S. steel market, a key piece of then-President Ronald Reagan’s plan to curb foreign steel imports. The 1985 deal capped weeks of negotiations in which Lighthizer, then the deputy U.S. Trade Representative, shocked his Japanese counterparts with rough-hewn jokes and wore them out with his disdain for their proposals, former colleagues recalled. During one Japanese presentation, he devoted his attention to playfully disassembling his microphone.



                        More: https://www.bloomberg.com/politics/a...co-and-the-wto

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                        • #13
                          Donald Trump: China 'not a currency manipulator'

                          Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise.

                          The US president also left open the possibility of re-nominating Janet Yellen as the head of the Federal Reserve, despite having criticised her.

                          He made the comments days after meeting China's President Xi Jinping.

                          China has been accused of suppressing the yuan to make its exports more competitive with US goods.


                          More: http://www.bbc.com/news/business-39583571

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                          • #14
                            China clamps down on excess steel as Japan decries Trump 'protectionism'


                            Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.

                            Analysts say the revocations were unlikely to be a direct response to Trump's plan, but rather a part of China's reform measures aimed at reducing surplus steel capacity that many estimate at around 300 million tonnes, about three times Japan's annual output.

                            The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States and its trading partners. In Japan, the world's second-biggest steel producer after China, the head of its steelmakers' group expressed concern over Trump's protectionist policy.



                            More: http://www.reuters.com/article/us-ch...KBN17Q08Q?il=0

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                            • #15
                              China hits back at Trump criticism over North Korea

                              BEIJING (Reuters) - China hit back on Monday after U.S. President Donald Trump tweeted he was "very disappointed" in China following Pyongyang's latest missile test, saying the problem did not arise in China and that all sides need to work for a solution.

                              China has become increasingly frustrated with American and Japanese criticism that it should do more to rein in Pyongyang. China is North Korea's closest ally, but Beijing is angry with its continued nuclear and missile tests.

                              North Korea said on Saturday it had conducted another successful test of an intercontinental ballistic missile that proved its ability to strike the U.S. mainland, drawing a sharp warning from Trump and a rebuke from China.

                              More:
                              http://www.reuters.com/article/us-no...-idUSKBN1AG04F
                              Last edited by Calendar; 07-31-2017, 12:52 PM.

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