December 13, 2019

Mnuchin: US, China have ‘Fundamental Agreement’

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By Sandy Fitzgerald From Newsmax The United States and China have a “fundamental agreement” in the first phase of addressing key elements of the ongoing trade war between the two countries, as “substantial progress” was made last week, Treasury Secretary Steven Mnuchin said Monday.  “We have a fundamental agreement that is subject to documentation,” Mnuchin […]

China anniversary: Hong Kong protester shot by live round

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From BBC An activist involved in anti-government protests in Hong Kong has been shot in the chest by police during a clash. The incident came as thousands of people demonstrated in defiance of a protest ban for the 70th anniversary of Communist rule in China. Though people have been shot by rubber bullets in previous […]

China’s military might

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China shows off military might at 70th anniversary parade From BBC Deep-sea drones and an intercontinental ballistic missile were among the advanced weapons on public display for the first time at a parade marking 70 years of communist rule in China. According to the Ministry of National Defence, about 15,000 military personnel, 580 pieces of […]

China in new growth push to fight prolonged US trade war, top policy body indicates

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By Frank Tang From South China Morning Post Financial Stability and Development Commission, chaired by Vice-Premier Liu He, says Beijing is ready to step up help for the growth amid escalated trade tensions But there is no indication that it will engage in all-out stimulus to support the economy despite latest round of tariffs from […]

Why one of Asia’s richest men is buying a British pub business right before Brexit

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By Geoffrey Smith From Fortune Li Ka-Shing, one of Asia’s richest men, has long been revered for his timing. So what does it say about the future that his flagship real estate fund is pouring windfall gains from Hong Kong real estate into a struggling U.K. pub landlord? CK Asset Holding, the flagship property company […]

FedEx seeks to defuse its latest delivery mishap in China, this time involving a firearm, saying it notified police two months ago

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By Chad Bray From South China Morning Post In the latest case, a United States client sent a handgun via FedEx to a sports good company in the Fujian provincial capital of Fuzhou, Xinhua News Agency reported on Sunday FedEx had already reported the case to Chinese authorities two months agon on June 14, according […]

Typhoon Lekima

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Devastating photos show the damage of Typhoon Lekima, which left at least 44 people dead and forced 1 million to evacuate in China By Aria Bendix and Rosie Perper From Business Insider Typhoon Lekima made landfall in China on August 10, resulting in widespread blackouts and some damaged property. Ahead of the Lekima’s arrival, 1 million people […]

China’s official digital currency is nearly ready

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By Jon Fingas From engadget The country may use it to create stability. As much as China frowns on cryptocurrency, it’s happy to introduce its own form of virtual cash. The People’s Bank of China has revealed that its digital currency “can now said to be ready” after five years of work. Don’t expect it to mimic crypto, […]

Will Trump’s tariffs stop China from cheating on trade rules?

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By Pat Buchanan From Newsmax President Donald Trump’s reelection hopes hinge on two things: the state of the economy in 2020 and the identity of the Democratic nominee. The further left the Democrats go to select their candidate, the greater the probability Trump wins a second term. Thus Trump got good news this week. The […]

Hong Kong protests cripple airport for second day

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From BBC Hong Kong International Airport saw chaotic scenes on a second consecutive day of massive anti-government protests that have paralysed one of Asia’s key transport hubs. Squads of riot police arrived shortly before midnight after thousands of demonstrators again flooded the terminal buildings during the day. Flight departures were brought to a standstill amid […]