The trade volume between Russia and China is expected to continue to accelerate and reach new heights, doubling the current record level of $108 billion, the Russian economy ministry says.
Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua.
Iranian forces came to the aid of an oil tanker stranded in the Persian Gulf, a foreign ministry spokesman has said. The tanker is presumed to be the same Panama-registered vessel missing from radar screens since Saturday.
The president earlier threatened to slap tariffs on the remaining $300 billion in Chinese goods coming into the United States unless Chinese President Xi Jinping agreed to meet with him at the G20 meeting in Osaka, Japan to hammer out a trade deal favourable to Washington.
he world’s largest air carrier, American Airlines, has become the first major US airline to buy 50 long-range, single-aisle A321XLR jets from Airbus as Boeing is tries to win back customers’ trust after two recent crashes.
The worsening trade conflict between the world’s two largest economies, the United States and China, could send the global economy into recession within three fiscal quarters, research by investment bank Morgan Stanley has found.
China has managed to outperform the US and the UK in a German ranking of the world’s most reliable trade partners, compiled from the latest survey of 2,000 German companies by Frankfurt-based Commerzbank.
The Commerce Ministry of China has pledged to create a list of foreign individuals, corporations and institutions that are considered “unreliable” or that violate the interests of Chinese businesses, state media reports.
China’s tariffs targeting $60 billion of American imports have taken effect as part of a tit-for-tat response to Washington’s trade war which saw Beijing slapped with extra levies on $200 billion worth of exports back in May.
US Secretary of State Mike Pompeo doubled down on vilification of Сhinese telecoms giant Huawei as “an instrument of government” suggesting that the company was a national security threat by acting as an agent for Beijing.
China’s Foreign Minister Wang Yi said that Beijing will take all necessary measures to defend the rights and interests of Chinese companies. Sputnik talked about Huawei’s lawsuit against the US government with Andrew Leung, an independent China strategist based in Hong Kong.
A growing number of former Apple devotees in China have started switching from iPhones to domestic Huawei smartphones as trade and technology tensions escalate between Washington and Beijing. The South China Morning Post reported that consumers were spurred by a rising “nationalist sentiment” to support the Chinese tech giant which has been blacklisted by the US.
As Wall Street reels from the shock of a trade war exploding to new heights in the form of tariffs and counter tariffs, there’s another reality that is setting in — that China seems happy to walk away from trade talks.
The lull in the US-China trade war amid new flaring tensions over the arrest of Huawei finance chief can only backfire at Washington as Beijing holds a trump card, veteran stockbroker Peter Schiff has warned.
After US President Donald Trump said on Sunday that the US will hike tariffs on goods imported from China, Wall Street will start the week with a sharp selloff, as investor optimism about the possible conclusion of a trade deal with China in the near future has faded.