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

Following the WTO’s decision to downgrade it’s trade growth forecast two weeks ago, the IMF has also cut its global economic growth forecast, citing increased weakness in emerging markets and escalating trade tensions. The revision is a further sign of the broad-based effect that US-China trade tensions will have on both regional and global economic... View Article

Japanese Prime Minister Shinzo Abe has stated that he would welcome the UK into the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) – a trade agreement between 11 members including Australia, Canada, Japan, and Mexico, the Financial Times reports. UK Secretary of State for International Trade, Liam Fox, has previously mooted the idea of the UK... View Article

Edward Yau, Hong Kong’s Secretary for Commerce and Economic Development, has issued a warning to the city as the US-China trade war begins to bite. Unveiling measures aimed at protecting Hong Kong’s SMEs amid cooling investment, Yau predicted a long road ahead in the dispute between China and the US, the South China Morning Post... View Article

After more than a year of lengthy negotiations, the United States and Canada reached a last-minute deal on Sunday night to revamp the North American Free Trade Agreement (NAFTA) and end the economic uncertainty that accompanied the talks. Renamed the United States-Mexico-Canada Agreement (USMCA), the new pact includes a compromise on issues ranging from access... View Article