ASIA: Last week on Thursday, President Trump threatened to add another 10% tariff on an additional 300 billion USD worth of goods coming into the U.S. from China. China responded to President Trump’s threat by allowing the Chinese yuan — with the current exchange rate of 7.05 Chinese Yuan to the dollar — sink to […]

ASIA: There has been news suggesting that China wants to retaliate to the tariffs imposed by Trump, but their faltering economy and high debt burden does not allow them to do so. Today, China’s Ministry of Commerce, which is heavily involved in the country’s trade policy, said it would “take necessary counter measures to resolutely […]

ASIA: China and US trade talks stalled this week although described as “frank, efficient and constructive” by the White House. Talks are due to resume early September in Washington DC. “The two sides discussed topics such as forced technology transfer, intellectual property rights, services, non-tariff barriers, and agriculture,” the White House said. It said China […]

ASIA: President Trump criticized China, this time complaining that China has not been buying more US agricultural products as it promised to do. Today, the US and China have resumed talks although no outcome has been presented. The Bank of Japan kept its ultra-low interest rates unchanged, maintaining its short-term interest rate target at -0.1%. […]

ASIA: China has condemned the recent protest in Hong Kong labelling the act as a “serious damage to the rule of law.” There are still talks of the possibility of China bringing military presence in the region. Meanwhile, Chinese civil rights are being put into question after a Chinese court sentenced a civil rights activist […]

ASIA: The latest news regarding the U.S.–China trade deal is that progress has stalled. China demands that the U.S. changes their stance and ease restrictions on Huawei. The U.S. and Chinese senior officials spoke by phone this week, this represents only the second call since the G20 meeting in June where the two countries agreed […]

ASIA: China told the Trump administration today to “make up its mind” regarding the trade deal, according to the South China Morning Post. China also warned that additional tariffs will derail the current negotiations. U.S. Treasury Secretary Steven Mnuchin this week stated that he and his entourage could be traveling to China this week if […]

Our confidential sources are reporting that the Fed, ECB, and BoJ have agreed to lobby politicians in an attempt to warn them that they cannot continue propping up the world economy. The ECB, in particular, has been keeping the EU on life support and they have no room to lower interest rates to try to […]

ASIA: President Trump said today that there is a long way to go to reach the conclusion to this US-China trade deal. Additionally, there is a possibility of adding tariffs on another 325 billion USD worth of goods. China, meanwhile, has added another member to the negotiating team – the current minister Zhong Shan who […]

ASIA: China’s released new data today that showed the economy grew at the slowest pace in 27 years, with the trade war with the United States being the prime suspect. China grew 6.2% in the second quarter of 2019, a drop from 6.4% in the first quarter, according to data released by the Chinese government. […]