World Bank Warns China-US Trade Storm Jeopardizes Global Economy

the global slowdown is beginning as government and corporate debt rise, especially among the poorest countries, while mounting interest rates increase borrowing costs

World Bank Warns China-US Trade Storm Jeopardizes Global Economy

  WASHINGTON D.C. – Trade conflict between the world’s two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday. And the global slowdown is beginning as government and corporate debt rise, especially among the poorest countries, while mounting interest rates […]

Mainland Christmas Shoppers Splurge on Discount Sales in Hong Kong

Shoppers flooded into malls in the popular retail districts of Tsim Sha Tsui, and Causeway Bay, where eye-catching signs promoting sales and discounts were posted inside many shops.

Mainland Christmas Shoppers Splurge on Discount Sales in Hong Kong

  HONG KONG – Mainland tourists undaunted by the depreciation of the yuan went on last-minute Christmas splurges in Hong Kong on Saturday, but small local retailers said business was down and offered extra discounts to boost sales. Shoppers flooded into malls in the popular retail districts of Tsim Sha Tsui, and Causeway Bay, where […]

Chinese Yuan Hit its Lowest Point Versus the US Dollar a 10-Year Low

The US did not label China as a currency manipulator following the release of a recent Treasury Department report

Chinese Yuan Hit its Lowest Point Versus the US Dollar a 10-Year Low

BEIJING – China’s currency has hit its lowest point versus the dollar since the financial crisis a decade ago, and it is fast approaching a key psychological level of 7 yuan per dollar. Economists warn that a rapidly depreciating yuan poses a number of risks, including capital flight and market volatility. Some analysts say those […]

Chinese Exporters Scramble to Cope with Trumps Tariffs

The state press tried to downplay the impact on China, emphasizing what Beijing says will be the bigger blow to American consumers who will pay more for Chinese goods.

Chinese Exporters Scramble to Cope with Trumps Tariffs

  BEIJING – Chinese exporters were scrambling Monday to cope with a plunge in U.S. sales while China’s state press shrugged off the impact of Washington’s tariff hikes in a spiraling technology dispute. The impact of Friday’s tariff hikes on the world’s second-largest economy should be limited, according to private sector analysts. But President Donald […]