Top US port for China ocean trade reports decline in June imports amid dispute

The Los Angeles and Long Beach port complex, the nation's busiest and the No. 1 for ocean trade with China, handled 5.1% fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains. Imports to the smaller Port of Long Beach dropped 13.7% from June 2018, more than offsetting the 3.5% gain […]

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Taiwan's weekend vote will be a test for its president, as China looks on

Taiwan holds local elections on Saturday that analysts say are a de facto referendum on the midway point of President Tsai Ing-wen’s term. Voters will choose mayors and local councils, as well as cast ballots on same-sex marriage and phasing out nuclear power. Concerns about the economy and relations with China will be on voters’ minds, analysts say. Taiwan will […]

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Retailers are worried about the trade war, Hong Kong executive says

Retailers are concerned about the U.S.-China trade war, says Guy Look, chief financial officer at Hong Kong cosmetics company Sa Sa International Holdings. They lack a “crystal ball” and want to know how they will be affected, Look told CNBC. The company has seen benefits from the opening of a new high-speed rail and sea-crossing bridge linking southern China’s Greater […]

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China's Xi tries to reassure the country's worried private companies

President Xi Jinping is attempting to reassure China’s private sector that it has nothing to fear from the state. Xi met entrepreneurs on Nov. 1, telling them they “should feel totally reassured” and offered tax breaks and financing help, state media reported. Analysts say Xi’s outreach, which comes amid the trade war with the United States and a slowing Chinese […]

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A private survey shows China's factory activity unexpectedly grows

Despite the better-than-expected headline number and slight expansion in manufacturing activity for October, a detailed reading of the survey showed softness in the Chinese economy. Caixin and IHS Markit reported October Purchasing Managers’ index (PMI) was 50.1 for October, beating analysts’ expectations. Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of […]

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Japan's Abe will meet China's Xi — under the shadow of Trump 

Japanese Prime Minister Shinzo Abe visits China this week for a summit with President Xi Jinping. Often tense relations between the two Asian countries have improved in recent years, and ties are growing increasingly complicated because of U.S. President Donald Trump’s trade war against Beijing. Political risk consulting firm Eurasia Group says the long-term outlook for China-Japan relations remains “challenging” […]

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Chinese hotpot chain Haidilao's IPO valuation is 'a bit high'

While Haidilao’s stock price may be “a bit high,” Jackson Wong, associate director at Huarong International Securities said he could see why it was a “sexy stock for a lot of investors.” Analysts also expressed concerns about the Chinese hotpot chain’s ability to maintain its long-term competitive edge as it seeks to expand. Chinese hotpot chain Haidilao made its debut […]

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Vietnam could be a 'winner' from the US-China trade war

Vietnam could be a “winner” if a lot of foreign direct investment shifts into the country due to rising cost pressures from the U.S.-China tariffs, said Bill Stoops of Dragon Capital. Stoops said the Vietnamese dong has “a very sound macro underpinning,” and will unlikely be impacted as heavily as other emerging market currencies. Vietnam could potentially benefit from the […]

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China manufacturing PMI beats expectations for August

China reported on Friday that factory activity was higher than expected in August, with the official manufacturing Purchasing Manager’s Index (PMI) coming in at 51.3. The improvement was spurred by a pick-up in production, but there was also a rise in the inventories of finished goods while new export orders fell, suggesting a less rosy outlook than the headline number, […]

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