The current trade row between Washington and Beijing escalated in July, when the US announced 25 percent duties on $50 billion worth of Chinese goods, to which Beijing responded by imposing restrictions on the same amount of US imports. [...]

Beijing-Washington trade war could motivate Chinese investors to take a different look at the Russian market and prompt them to bring their capital to Russia in the near future, Managing Director of the Money and Derivatives Markets at Moscow Exchange Igor Marich said. [...]

In September, China’s share of US Treasuries holdings had the highest decline since January as ongoing trade tensions with Washington forced the world’s biggest economy to take measures to stabilize its national currency. Still the biggest foreign holder of the US foreign debt, China slashed it’s share by nearly $14 billion, with the country's holdings falling to $1.15 trillion from nearly $ [...]

The US has said it will join Australia in the development of a naval base on Papua New Guinea’s Manus Island to “protect the freedom of the seas,” in a move apparently aimed at curbing China’s presence in the Pacific. Australia, a staunch US ally in the Pacific, had already set its sights on Papua New Guinea’s Lombrum Naval Base on Manus Island earlier in November, seeking to build a de [...]

For the first time, leaders of 21 Asia-Pacific economies have failed to issue a joint communique, as tensions between the US and China over trade and investment poisoned their annual summit. Pointing to the “two big giants in the room,” the Asia-Pacific Economic Co-operation’s (APEC) chair, Papua New Guinea (PNG) Prime Minister Peter O’Neill, informed Sunday’s closing news conference [...]

The 33rd summit of the Association of Southeast Asian Nations (ASEAN) in Singapore concluded on Thursday, focusing on the increasingly unstable South China Sea and on free trade across the region. US leaders used the event to try and draw countries away from China. [...]

Chinese Prime Minister Li Keqiang said Beijing is ready to further develop economic ties with Russia, increasing bilateral trade and facilitating mutual access to each other’s markets. “China is ready to boost energy, innovation, finance and trade cooperation with Russia,” Li Keqiang said during his meeting with Russian President Vladimir Putin at the ASEAN Summit in Singapore. [...]

Much has been made of the possible geopolitical motivations behind the decision to price the $5 billion Russian-Indian S-400 deal in roubles, and Moscow and Beijing are eyeing another rouble/yuan-based trade compact. However, Sputnik has discovered that there's also a purely economic reason for the three countries to move away from the dollar. [...]

The US pressed China to halt militarization of the South China Sea during a joint news conference on talks aimed at smoothing already tense relations ahead of this month's G20 summit in Argentina. “We have continued concerns about China's activities and militarization in the South China Sea,” US Secretary for State Mike Pompeo told media following talks on Friday with US Defence Secretary Jame [...]

Much has been made of the possible geopolitical motivations behind the decision to price the $5 billion Russian-Indian S-400 deal in roubles, and Moscow and Beijing are eyeing another rouble/yuan-based trade compact. However, Sputnik has discovered that there's also a purely economic reason for the three countries to move away from the dollar. [...]

Europe should reach out to Russia and abandon “counterproductive” economic sanctions – or risk seeing it drifting further towards China, former president of France Nicolas Sarkozy has warned, in a candid interview. [...]

Central banks around the world are increasing their gold reserves at an incredible pace. Over the last three months alone, they have purchased gold worth 5.82 billion dollars, which is roughly a quarter more than the year earlier. It is noteworthy that the Bank of Russia and the Turkish Central Bank have broken a record in terms of gold purchases. [...]

Cuba's new president Miguel Diaz-Canel is starting his official three-day visit to Russia on November 1. Moscow and Havana have been re-establishing trade ties, a tradition going back to Soviet times. [...]

Several top officials have issued thinly veiled – and outright blunt – ‘warnings’ about war over the past week. While the beating of war drums worldwide remains just hot air for now, many messengers seem a bit too eager about it. War between US and China just 10-15 years away [...]

The developments came after China sold $3 billion in US Treasury bonds amid the ongoing trade row with the US, making it the third such sale in the last 14 years. [...]

Beijing and Tokyo sealed a multi-billion dollar currency swap arrangement on Friday, aimed at enhancing financial stability and spurring business activity in both countries. According to the Bank of Japan (BOJ), the arrangement which will last until October 25, 2021, will allow the exchange of local currencies between the two central banks for up to 200 billion yuan or 3.4 trillion yen ($30 billio [...]

US President Donald Trump threatned Russia and China that Washington intends to build up its nuclear arsenal until “people come to their senses.” The president said his words were directed towards Moscow and Beijing, as he prepared to unilaterally leave the Intermediate Nuclear Forces in Europe (INF) treaty. [...]

Russia’s Ministry of Economic Development said on Thursday that Moscow and Beijing are working on an inter-governmental agreement to boost the use of the ruble and yuan in mutual trade settlements. “The document is currently being prepared, the process is not easy,” said Deputy Minister of Russia’s Economic Development Sergey Gorkov, as quoted by TASS. [...]

Although the Chinese government has not yet gone so far in the ever-escalating trade war as to sanction United States oil, imports are drying up anyway as Chinese buyers shy away from US crude. According to US Census Bureau data released last week, for the first time since 2016, China has halted purchases of US crude, importing zero barrels in August. [...]

As China develops cutting-edge deep-sea surveillance, the nation’s navy is concurrently designing a satellite-mounted laser to locate and destroy enemy submarines. The satellite, which will be able to spot targets 500 meters below the surface, would also be used to gather data on the world's oceans, the South China Morning Post (SCMP) reported Monday. [...]

China has sold $3 billion of sovereign dollar bonds. This is only the third such move by Beijing in the last 14 years, and the first involving bonds with a 30-year maturity. China sold $1.5 billion of five-year bonds at 3.25 percent, $1 billion of 10-year bonds at 3.5 percent, and $500 million of 30-year bonds at four percent, the Finance Ministry said on Friday, as quoted by Reuters. [...]

The Trump administration has shot itself in the foot by tightening the screws in the US-China tariff war: Beijing is turning its back on American liquefied natural gas (LNG) in response to Washington's third round of tariffs. The move is especially painful for the US, as it had projected to jump on the bandwagon of the booming Asian gas market. [...]