The U.S. stands ready to impose further trade tariffs on Chinese products if Beijing walks away from agreed-upon commitments, according to a reporter at the Wall Street Journal. Trade representatives from the U.S. and China entered a second day of trade discussions on Friday, as the world’s two largest economies sought to find a way […]

Chinese officials tasked with the delicate issue of managing relations with Hong Kong are combining symbolic openness with a hard line as they make sure residents and local officials understand the central government’s will. Hong Kong, a semi-autonomous region of China since former colonial ruler Britain handed it back nearly 21 years ago, has recently […]

The decision of China’s ruling Communist Party to stick with the political theories of Karl Marx remains “totally correct”, President Xi Jinping said ahead of the 200th anniversary of the German philosopher’s birth on Saturday. Since coming to power in 2012, Xi, widely seen as the most powerful Chinese leader since Mao Zedong, has said […]

A U.S. delegation to China negotiating the yawning trade gap between the world’s two largest economies is just beginning a long and protracted process with any concrete outcomes unlikely from this first round, experts said on Friday. “This 48-hours negotiation is unlikely to result in any concrete outcomes, and certainly not resolve anything,” said Deborah […]

As the U.S. and China sit down for a round of talks to discuss recent trade disputes between the two countries, Indonesia is continuing to champion open trade between nations. Speaking with CNBC’s Oriel Morrison, Bambang Brodjonegoro, Indonesia’s minister of national development planning, said openness in global trade is “very critical to the global growth […]

As Asian governments invest in automation, many are concerned about a spillover effect on jobs and education. It’s imperative for the region to protect workers, instruct societies about disruptive technologies and harness private sector funds in the process, experts said at a CNBC-hosted debate during the Asian Development Bank’s annual gathering in Manila on Friday. […]

Global growth could pay the price if the U.S. and China keep fighting over trade, warned Paul Gruenwald, chief economist at S&P Global Ratings. “The trade by itself doesn’t really move the needle in terms of the macro. But what we’re worried about is the trade spat drags on … consumers stop spending so much, […]

HSBC, Europe’s largest banks by assets, on Friday reported a 4 percent fall in profit before tax in the first quarter of 2018 as operating costs rose. The bank’s pre-tax profit for the first three months of the year fell to $4.755 billion from the $4.961 billion a year ago. At the same time, operating […]

Growth in China’s service sector picked up in April as new business and employment grew at a faster rate, a private survey showed on Friday, signalling a solid rise in a sector that Beijing is counting on to maintain economic growth. The Caixin/Markit services purchasing managers’ index (PMI) climbed to 52.9 in April from March’s […]

Asia markets were subdued in early morning trade, with investors watching how U.S.-China trade talks progress on Friday. The ASX 200 was up 0.16 percent in morning trade, despite the heavily weighted financials subindex slightly lower. Gains were seen in the materials sector as well as gold producers. The Kospi was down 0.31 percent with […]