ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports. “I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen. “But clearly, from a corporate perspective, this Department of Commerce action has created costs and has escalated the uncertainty quite a bit.” Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in theRead More →

ng should be leveraged to improve coordination mechanisms for economic policies such as finance, currency, employment, industry, and regional develop ment to ensure the nation’s economic development stays within a reasonable range, the statement said. The meeting highlighted the importance of strengthening innovative cap abilities as well as opening-up and cooperation in this regard, and called for improving the serv ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn ovation is advanced through reforms and win-win results are achieved through cooperation, it said. Tough and newly emerging problems should be resolved through deepening reforms, the state ment said, addingRead More →

ird of the college graduates chose to pursue a post-graduate degree instead of entering the job mark et, and within six months of graduation more than 90 percent college graduates found employment. Despite all this, there are still many structural employment problems. Take college graduate s for example. Many college graduates seek a high-paying job and a majority of them prefer to work in the e astern region, first-tier cities and large enterprises, which are wishes the employment market can hardly fulfill, esp ecially because some college graduates don’t possess the skills to meet the market’s demands. What should be a bigger concern, however, isRead More →

Two television anchorwomen — one from China and one from the US — will debate two sides of the long-running trade dispute between the two countries. Liu Xin, a mainstay of the China Global Television Network, and Trish Regan, a former CNBC busi ness correspondent who now hosts her own show on the Fox Business Network, will have at it over i ssues such as tariffs and technology Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China. The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be atRead More →

orwomen “friendly, meaningful talks. Both agreed: trade war is bad! (For Trish, that’s a change of hea rt, since she had tried to justify the US trade war against China.)”, it said on its Twitter account. A Twitter user, Ryan Bryant @RayCaiYan, said in a reply to Regan’s tweet, “That was not even a DEBATE, more like a Q&A session . I thought Trish could leverage some of Liu’s answers to discuss the issues further, but sadly she couldn’t.” FionaXu tweeted: The American hostess is talking about free market. Tell me how American market is “free” under Trump’s government? You mean protectionism equals free market???”Read More →

China and Niger should enhance Belt and Road cooperation and implemen t major projects in areas such as infrastructure, energy and agriculture, President Xi Jinp ing said on Tuesday. Xi made the remark while meeting with Niger’s President Mahamadou Issoufou at the Gre at Hall of the People in Beijing. Issoufou is paying a state visit to China from Sunday to Thursday. Witnessed by the two leaders, China and Niger signed a number of cooperation documents after their talks. Xi appre ciated Issoufou’s efforts in promoting the China-Niger and China-Africa friendship over the past few years. Not ing that China and Niger are good friends,Read More →

Beijing will not sacrifice forex reserves to defend its currency, analysts say China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said. The United States Treasury announced on Wednesday that it could not label China a s a “currency manipulator” after Washington monitored the recent performance of the RMB. No evidence was found to show Chinese monetary authority intervention in foreign exchange markets over the past sev eral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. sh419es.comRead More →

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable. Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro und 1.5 million electrified vehicles, most of them pure electric cars, in China by 2025. It also expects global sales of electrified vehicles will total 22 million by 2028, and half of them will be produced in China. China overtook the United States as the largest producer and market of new energy vehicles in 2015. The China Association ofRead More →

Spain’s largest carmaker SEAT is set to make a comeback in China around 2021, a move that will help its parent company Volkswagen AG secure a larger share in the world’s largest new energy vehicle market. “The Spanish brand aims to enter the Chinese market in the coming two to three years,” said Volkswagen in a stat ement on Tuesday, citing an agreement it signed with SEAT and Chinese carmaker JAC Motors. SEAT pulled out of China in 2014 after two years of poor sales of its gasoline vehicles. This time, it will enter the Chinese market through JAC Volks wagen, a 50-50 joint ventureRead More →

ge’s UK Independence Party won with 26.8 percent, followed by Labour on 24.7 percent and the Conse rvatives on 23.3 percent. The Greens won 7.7 percent in 2014 and the Liberal Democrats 6.7 percent. Turnout was 35.6 percent. Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the g lobal economy amid Beijing’s trade tensions with Washington, according to senior officials and economists. Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Foreig n institutions with advanced performance in risk management, credit rating, consumer finance, endowments and health insurance are especially welcome, senior officials stressedRead More →