Shares of ZTE sank during Tuesday morning trade after the U.S. Senate passed a defense bill that had major implications for an agreement struck with the Chinese telecommunications equipment maker. ZTE stock tumbled 23.36 percent in Hong Kong while the company’s Shenzhen-listed shares were limit down 10 percent. The sharp falls came after the U.S. […]
Read moreAs the world’s two largest economies exchange threats of retaliatory tariffs, the rest of the world is watching closely for any knock-on repercussions. Late on Monday, President Donald Trump threatened additional tariffs at a rate of 10 percent on $200 billion worth of Chinese goods. In response, China’s Commerce Ministry has promised counter measures if […]
Read moreNorth Korean leader Kim Jong Un is in China on a two-day visit, Chinese state television said on Tuesday, his third visit to the North’s major ally this year. Kim will be in China on Tuesday and Wednesday but the brief report gave no other details. Source: cnbc china North Korean leader Kim Jong Un […]
Read moreChina pledges it will fight back firmly if Trump goes ahead and publishes list of additional tariffs
China’s Commerce Ministry said on Tuesday morning that it will take counter measures if the U.S. publishes an additional tariffs list. In a statement posted on its website, the ministry said China will protect its interests, taking both quantitative and qualitative measures against the move. The fresh threats of additional tariffs violate prior negotiations and […]
Read morePresident Donald Trump told Apple Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations. The newspaper reported that Cook traveled to the White House last month to warn Trump of the potentially adverse […]
Read moreChina’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit an application to China’s securities regulator to postpone the ongoing review of its China depository receipts offering application. It did not say when it would restart its CDR […]
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