Tag Archives: world economy

China | China warns US on higher tariff report

By ZHONG NAN, JING SHUIYU and REN XIAOJIN

Foreign Ministry spokesman: Countermeasures would follow

China will inevitably take countermeasures if the United States further hinders bilateral trade, the Ministry of Foreign Affairs said on Wednesday in response to Western news reports saying that Washington would more than double a set of earlier proposed levies on Chinese goods.

Bank of America Sees a Replay of 1998 in Summer Pain Trades

Bank of America Corp. sees a foreboding parallel in the current direction of markets: 1998.

Emerging markets are crumbling under a strong dollar while tech stocks advance amid optimism over the U.S. growth trajectory — two ingredients that might be the makings of an annus horribilis like the one seen two decades ago, according to the bank.

How Singapore, Astana and St Petersburg preview a new world order

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about.

The Astana Economic Forum in Kazakhstan centered on how mega-partnerships are changing world trade. Participants included the president of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun; Andrew Belyaninov from the Eurasian Development Bank; former Italian Prime Minister and president of the EU Commission Romano Prodi; deputy director-general of the WTO Alan Wolff; and Glenn Diesen from the University of Western Sydney.

A dramatic break at the G7 summit

Donald Trump has called for Russia to be readmitted to the G7 club of world leaders, opening up a new rift with Europe at the start of an acrimonious summit in Québec.

China | China warns US trade deals off if tariffs go ahead

China warned the United States that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing.