Deal making, IPOs set to slump in China and Hong Kong as trade war, civil unrest rage, says Baker McKenzie report

Visitors view a scale model of the East Coast Rail Link during the launching of the train project in Kuantan, Malaysia, in 2017. Malaysia’s government, in July 2019, announced the resumption of the China-backed project, which it had suspended the year before, after the Chinese contractor involved agreed to cut construction costs by one-third. Photo: AP Source link

China trade talks: “Phase One” deal reached as President Donald Trump meets with Chinese Vice Premier Liu He on trade – live updates

The U.S. has reached a preliminary trade deal with China, President Donald Trump announced Friday.  As part of the deal, China has agreed to some intellectual property protections and will step up U.S. agricultural purchases. In return, the U.S. will suspend a tariff hike scheduled for October 15 on roughly $250 billion in Chinese imports.  No decision has been made about whether to proceed with another round of U.S. tariffs on Chinese imports, mostly consumer goods, slated to take effect on December 15, U.S. Trade Representative Robert Lighthizer told reporters.…

U.S.-China Trade Talks Begin on Positive Note

WASHINGTON—U.S.-China trade talks kicked off amid expectations that Beijing’s emissaries are ready to offer compromises aimed at getting President Trump to hold off on tariff increases set to take effect next week and in December. Financial markets rose on prospects of any headway after five months of stalemate, and on the news Mr. Trump would meet on Friday with Chinese Vice Premier Liu He at the White House. Speaking to reporters Thursday evening, the president said, “We had a very, very good negotiation.” The meetings were conducted behind closed doors,…

Economic diplomacy: Auditing globalism, trade woes, ASEAN’s future

Dismal science Revision season is well underway at the top of the institutions that underpin the globalised economy, those same institutions now in the cross hairs of Prime Minister Scott Morrison’s audit of what Australia gets from globalism. In the last week, the heads of the World Trade Organisation, World Bank, and International Monetary Fund have all downgraded their economic outlooks, setting the scene for a truly dismal annual gathering of the much maligned econocratic elite in Washington next week. But, given the Prime Minister’s new preoccupation (revealed in his Lowy Institute speech), it may be…

Scientist Works to End Illegal Wildlife Trade in Southern China

The illegal wildlife trade is ecologically destructive and extremely lucrative, generating an estimated $7 billion to $23 billion per year. Marine animals constitute a large portion of these unlawful sales, and are sold as food, decorative items, live pets, traditional medicines, trophies, and other consumer goods. This criminal enterprise not only reduces wildlife populations but can also compromise natural ecosystems while presenting risks to people and habitats from invasive species and pathogens. In China, rapid economic growth and an expanding middle class have fueled the market for illegally traded marine…

China urges ‘calm and rational’ resolution to U.S.-Sino trade war

BEIJING (Reuters) – China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides. The United States and China have been locked in an escalating trade war for over a year. They have levied punitive duties on hundreds of billions of dollars of each other’s goods, roiling financial markets and threatening global growth. A new round of high-level talks between the world’s two largest economies is expected…

China says companies facing many difficulties due to trade frictions

BEIJING (Reuters) – Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday. The United States and China have been locked in an escalating trade war for over a year. They have levied punitive duties on hundreds of billions of dollars of each other’s goods, roiling financial markets and threatening global growth. “Trade faces unprecedented challenges,” Zhong told a news conference in Beijing. “These challenges are both external and internal.” A new round of high-level talks between the world’s two largest economies is…