Wilbur Ross Mike Blake | Reuters The fast-spreading coronavirus has infected thousands of people in China and raised fears about a global pandemic — and that could have a positive impact on the U.S. economy, Secretary of Commerce Wilbur Ross said Thursday. Ross said in a Fox Business Network interview that the disease, which Chinese […]
Tag: Asia Economy
Russia closes China border as outbreak tops 7,900
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 8:15 am: Cruise ship hold 6,000 passengers near Italy Costa Cruises […]
South Korea confirms second case
China’s National Health Commission stated as many as 25 individuals have died from a fast-spreading coronavirus, as the full variety of confirmed circumstances within the nation rose to 830. The lethal pneumonia-like virus was first recognized on Dec. 31 within the Chinese metropolis of Wuhan in Hubei province. It has since unfold past […]
US-China phase one deal brings some relief, but uncertainty remains
A partial trade deal signed by the U.S. and China gives some relief to the market but doesn’t remove uncertainty, analysts said. “There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of […]
Intellectual property protection benefits Beijing
President Donald Trump, with (L-R) Vice President Mike Pence, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, speaks during a press conference with Chinas Vice Premier Liu He(not shown), the countrys top trade negotiator, before they sign a trade agreement between the US and China during a ceremony in the East Room of […]
China December 2019 trade, imports, exports
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop […]
Here’s what’s in the phase one China trade deal Trump is signing this week
U.S. President Donald Trump (R) and Chinese Vice Premier Liu He talk to reporters in the Oval Office at the White House April 04, 2019 in Washington, DC. Chip Somodevilla | Getty Images U.S. and China trade representatives will end years of intense bilateral negotiations with a “phase one” deal on Wednesday that promises billions […]
Standard Chartered CEO on US-China trade war, Hong Kong protests, Iran risks
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday […]
Mohamed El-Erian sees US-China economic war beyond trade after voting
Economist Mohamed El-Erian told CNBC on Monday that he doesn’t think the phase one trade agreement is the first step to a long-term cooling in U.S.-China relations. In fact, the chief economic advisor at Allianz said he believes that the tensions will be further inflamed after the upcoming 2020 presidential election ends. “I think past […]
