China's economy cools in the fourth quarter, 2018 growth hits 28-year low

BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. Signs of further cooling in China — which has generated nearly a third of global growth in recent years […]

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China's economy slows to 6.4% growth in Q4 amid trade war, weakest pace since 2009

BEIJING (BLOOMBERG) – China’s economy expanded at the slowest pace since the global financial crisis, as a domestic financial clean-up, weakening global demand and trade conflict with the US all dampened momentum. Gross domestic product rose 6.4 per cent in the fourth quarter from a year earlier, matching economists’ estimates, and compared with 6.5 per cent in the previous three-month […]

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Tiffany lowers yearly forecast after holiday sales decline

Tiffany & Co. tempered its yearly profit forecast Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the US luxury jeweler faced softer demand in Europe and at home. Like other firms that sell luxury products, Tiffany relies on demand from China’s burgeoning middle class as consumer demand for its rings, pendants and bracelets remains […]

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Mnuchin Seeks China Tariff Relief, WSJ Says; Treasury Denies It

Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported, a report the Treasury Department quickly denied. Treasury Secretary Steven Mnuchin is a proponent of easing up on tariffs, while U.S. Trade Representative Robert Lighthizer has reservations about the idea, the newspaper reported Thursday, citing unnamed […]

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U.S. Farm Credit CEOs see more financial pain if no China trade deal

WASHINGTON, Jan 16 (Reuters) – Lenders supporting tens of thousands of American farmers on Wednesday warned White House officials that 2019 could cause more producers financial losses if the trade dispute with China is not resolved. In a meeting with the National Economic Council, the chief executives of three Farm Credit institutions lending to the agriculture industry said the majority […]

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Germany considering ways to exclude Huawei from 5G auction: report

BERLIN (Reuters) – The German government is actively considering stricter security requirements and other ways to exclude China’s Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported. Handelsblatt, citing government sources, said government officials were discussing setting security standards that Huawei could not achieve, effectively blocking its participation. Changes to the German telecommunications law […]

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As China’s Economy Slows, Why the World Should Care: QuickTake

China is facing its most difficult economic environment in years. The world’s second-biggest economy is in a trade standoff with the biggest — the U.S. — and under pressure from President Xi Jinping’s “critical battles” to reduce China’s massive debt pile and clean up toxic air pollution. Economists forecast 6.2 percent growth this year, more than twice the global rate. […]

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