It’s time for markets to end their illusions about US-China trade deal

President Donald Trump and China’s President Xi Jinping shake hands at a press conference following their meeting outside the Great Hall of the People in Beijing last November. Artyorn Ivanov | TASS | Getty Images Financial markets should abandon any remaining illusion that U.S.-China trade talks are a time-constrained, tradable event that ultimately will result in a deal reassuring investors. Near dead is the notion that both sides would inevitably compromise because they so badly need agreement for their own political and economic purposes. What markets have misunderstood since the…

U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War

WASHINGTON — A yearlong trade war between the United States and China is proving to be an initial skirmish in an economic conflict that may persist for decades, as both countries battle for global dominance, stature and wealth. Progress toward a trade agreement nearly collapsed this past week, with both sides hardening their bargaining positions. And even if a trade deal is reached, it may do little to resolve tensions between the world’s two largest economies. The United States is increasingly wary of China’s emerging role in the global economy…

Rare whales, dolphins found in South China Sea

Researchers have discovered several rare species of whales and dolphins in the South China Sea during a scientific investigation that ended Friday. Researchers have found rare sperm whales and striped dolphins in the area after a 14-day investigation covering 2,500 km. Mother and baby sperm whales and beaked whales have been observed, which indicates a possible habitat. The investigation was conducted in an area about 400 km long and 200 km wide offshore of south China’s island province of Hainan. Li Songhai, a researcher with the Institute of Deep-sea Science…

China Launches Two New Missile Destroyers Amid US Show of Force in S China Sea

Over the past two weeks, the US and its regional allies demonstratively sailed through the disputed maritime territory, with six vessels including two US guided missile destroyers taking part in ‘enhanced interoperatibility’ drills last week. Two Type 052D guided missile destroyers were simultaneously launched from a shipyard in Dalian, northeast China on Friday, China’s Huanqiu Shibao newspaper has reported. The vessels, christened the Tangshan and the Suzhou, are the 19th and 20th ships in their class, respectively. Dalian shipyard launched two more Type 052D destroyers todey. They are altogether the 19th and 20th ships…