Chinese President Xi Jinping promoted China as an advocate for globalisation and free trade, and attacked protectionist measures during his keynote speech at the launch of the inaugural China International Import Expo (CIIE) in Shanghai on Monday (5 November). According to the Financial Times, Xi promised to enhance market access, reduce tariffs, relax investment barriers,... View Article

US President Donald Trump and Chinese President Xi Jinping announced plans to meet over dinner on 1 December, after the G20 summit in Buenos Aires, Argentina, the South China Morning Post reports. The prospects of a trade war truce buoyed global stock markets, with Hong Kong’s Hang Seng Index gaining 4.2 per cent and the... View Article

US President Donald Trump is set to announce tariffs on all remaining Chinese imports by early December if trade negotiations fail to make a breakthrough, Bloomberg reports. According to CNBC, the new tariffs – which will follow those already levied by the US on some US$250 billion worth of Chinese products – could come in... View Article

The US is refusing to engage in any trade talks with China until Beijing produces a clear plan to address Washington’s concerns over alleged IP theft, the Wall Street Journal reports. Trade negotiations stalled in September when a planned Chinese visit to Washington was pulled in response to a new round of US tariffs. According... View Article

Japan’s Prime Minister Shinzo Abe has pledged to “deepen the exchanges” between Japan and China across “all levels of activities, from business cooperation to sports,” ahead of talks with President Xi Jinping tomorrow (Thursday). Abe called for closer ties between the two powers ahead of a three-day visit in which he will also meet Chinese... View Article

The European Union (EU) and Singapore signed a landmark EU-Singapore Free Trade Agreement (EUSFTA) on the sidelines of the 12th biennial Asia-Europe Meeting (ASEM) Summit on Friday, 19 October, the Straits Times reported. Singapore Prime Minister Lee Hsien Loong hailed the agreement as “an ambitious trade deal” and  “a high quality arrangement” that would hopefully “encourage [other... View Article

China’s economy has had its slowest growth rate in almost a decade, with quarter three year-on-year GDP growth reported at 6.5 percent – just under expectations of 6.6 percent. Although this growth rate is related to long term economic trends and not necessarily an effect of the ongoing trade tensions, analysts suggest that this could... View Article

Indonesian President Jokowi has criticised the tough competition among developed countries that could harm the global economy, among other issues he raised at the plenary session of the IMF-WB annual meetings in Bali, Indonesia. According to the Jakarta Post, Jokowi called on the world’s top fiscal and monetary policymakers to maintain and increase their commitment to cooperation,... View Article

China’s trade surplus with the US hit a record high of US$34.1 billion in September, surpassing the record of US$31.05 billion in August by 10 per cent, the South China Morning Post reports. Released by China’s customs agency on Friday, the figures show increasing trade exports while imports have slowed amid strong demand for Chinese... View Article

Stock markets around the world slumped to their lowest levels in eight months following a global equities sell-off that began on Wall Street on Wednesday, with Asian tech markets among the worst affected. CNBC reports that the Dow Jones lost 831 points, its worst day since February, amid ongoing concerns about the impact of the... View Article