China’s Manufacturing Sector Logs Moderate Expansion

China’s manufacturing activity expanded at a moderate pace in November, but this was the strongest growth since December 2016, survey data from the IHS Markit showed Monday. The Caixin manufacturing Purchasing Managers’ Index rose slightly to 51.8 from 51.7 in October. The reading signaled an improvement for the fourth consecutive month and the strongest since December 2016. According to official […]

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China in Close Contact with U.S. on Trade, Urges Tariffs Cut

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Chinese officials are in “close contact” with U.S. counterparts on trade negotiations, Ministry of Commerce spokesman Gao Feng said, while reiterating that tariffs should be reduced proportionately as part of a phase-one accord. Gao declined to give further details on the talks […]

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In China, coal creeps back in as slowing economy overshadows climate change ambitions

SHANGHAI (Reuters) – China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the world’s biggest greenhouse gas emitter that it was serious about fighting climate change. China’s 2021-2030 policy plans are under close scrutiny as the United Nations climate change conference gets under way in Madrid, especially after a new UN report said […]

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Hundreds march in Hong Kong against use of tear gas; city braces for further protests

Carrying yellow balloons and waving banners that read "No tear gas, save our children", the protesters streamed through the city's central business district towards government headquarters on the main Hong Kong island. Three marches are planned for Sunday and all have been approved by authorities. On Sunday afternoon organizers have planned a "march of gratitude" where activists are planning to […]

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China's factory activity unexpectedly returns to growth in November

The Purchasing Managers' Index (PMI) bounced back to 50.2 in November, its highest since March, China's National Bureau of Statistics (NBS) said on Saturday. It was above the 50-point mark that separates growth from contraction on a monthly basis. The result compared with 49.3 in October. A Reuters poll showed analysts expected the November PMI to come in at 49.5. […]

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As U.S. GDP Chugs Along, Global Growth in 2020 Looks Muted from China, India and Elsewhere

It wasn’t that long ago that the financial media and mainstream media were touting an imminent recession. While the media was just absolutely wrong collectively about the recession calls, and will probably never apologize about it, a lot of issues are going to weigh on the global economy in 2020 as 2019 data and forecasts keep coming in. The big […]

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China's overseas financial links deepen despite trade tensions with US

Investors clamored for China's biggest ever international sovereign bond sale on Tuesday, with orders for the $6 billion raise reaching 3.6 times the issuance, according to China's Ministry of Finance. "We still have a lot of investors who have confidence in investing in China," Frank Zheng, head of international fixed income at China Asset Management Company, said in a phone […]

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Former Hong Kong Leader Says Protests Won’t Force China’s Hand

Hong Kong’s controversial former leader said it was “senseless” to think mass protests could force Beijing’s hand, amid months of increasingly violent rallies against China’s grip on the city. “It’s extremely senseless and irresponsible for political figures in Hong Kong and outside Hong Kong to think that somehow by bringing hundreds of thousands of people into the streets of Hong […]

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