China complained to the United States ambassador that the recent actions of the Trump administration in Hong Kong and trade are an “intimidation” tactic that will face a “counterattack,” as Secretary of State Pompeo predicts that Beijing will pay. “absolutely” a price for the spread of the coronavirus. Deputy Foreign …
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VCG / Getty Global stocks plummeted on Thursday when China released mixed data showing some growth, but its retail sales failed to climb into positive territory. China’s Shanghai Benchmark Composite Index fell 4.5%, while Hong Kong’s Hang Seng Index fell 2.1%. European markets fell before a European Central Bank meeting …
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BEIJING (Reuters) – China said Thursday it will stick to the Phase 1 trade deal it reached with the United States earlier this year, but warned that it will respond to Washington’s “intimidation” tactics as relations continue. deteriorating. FILE PHOTO: Hua Chunying, spokesman for the Chinese Foreign Ministry, speaks at …
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China is unlikely to use its currency aggressively as a tool against the United States, even if tensions continue to rise between the two economic giants, chief economist at Morgan Stanley told CNBC. “I think another trend is emerging … China does not want its currency to be so volatile, …
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BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
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