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January 18, 2020
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Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

Reuters
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes......
CNBC Business

Beijing posts economic data amid trade war

CNBC
CNBC – For more and to sign up click here China’s President Xi Jinping raises a toast to celebrate the 70th anniversary of the People’s Republic of China at the Great Hall of the People in Beijing. NOEL CELIS | AFP | Getty Images China said Friday its economy grew......
Reuters - Business

China’s 2019 property investment solid, but first sales drop in 5 years dents outlook

Reuters
BEIJING (Reuters) – China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy. FILE PHOTO: Lights are......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Reuters
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port......
Reuters - Business

China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

Reuters
FILE PHOTO: A cargo ship is seen next to containers at a river port during sunset in Huaian, Jiangsu province, China September 14, 2019. REUTERS/Stringer BEIJING (Reuters) – China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with......
Reuters - Business

China’s annual aluminum output falls for first time in 10 years: statistics bureau

Reuters
BEIJING (Reuters) – China’s annual aluminum production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages. Aluminum output in the world’s largest producer of the metal dropped to 35.04 million tonnes......
Reuters - Business

China set to post weakest growth in 29 years as trade war bites, investment sputters

Reuters
BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown. FILE PHOTO: A teller counts......
CNBC - Real Estate

JP Morgan, HSBC bullish on China property stocks

CNBC Real Estate
Buildings and skyscrapers in Jing’an district on October 18, 2018 in Shanghai, China. VCG | Visual China Group | Getty Images Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more......
Reuters - Business

European firms call for tougher EU approach to China

Reuters
BRUSSELS (Reuters) – European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses. BusinessEurope, an organisation grouping business federations from 35 countries, said China was the most restrictive of the EU’s major trading partners — with......
Reuters - Business

European firms get ‘crumbs’ from China’s Belt and Road: business group

Reuters
BEIJING (Reuters) – China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. FILE PHOTO: Container handlers transport containers at the railway port in......
CNBC - Real Estate

Amidst trade deal uncertainties, consider China’s property market

CNBC Real Estate
© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by...
Reuters - Business

China, U.S. sign initial trade pact but doubts and tariffs linger

Reuters
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world......
Reuters - Business

Trade deal touts financial sector wins; China to scrap securities business cap faster

Reuters
WASHINGTON/HONG KONG (Reuters) – The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year. Under the deal, China......
Reuters - Business

Factbox: Foreign investment banks with majority stakes in China units

Reuters
HONG KONG (Reuters) – The world’s biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months. FILE PHOTO: A UBS advertisement is displayed on......
CNBC Business

Intellectual property protection benefits Beijing

CNBC
CNBC – For more and to sign up click here President Donald Trump, with (L-R) Vice President Mike Pence, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, speaks during a press conference with Chinas Vice Premier Liu He(not shown), the countrys top trade negotiator, before they sign a......
Reuters - Business

Chinese financial institutions can cope with foreign competition: central bank

Reuters
FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People’s Bank of China, the Chinese central bank, in Beijing, China April 3, 2014. REUTERS/Petar Kujundzic BEIJING (Reuters) – Chinese financial institutions are completely capable of coping with foreign competition as the sector is freed up, the central......
CNBC - Real Estate

China’s real estate market is still going through deleveraging: JP Morgan

CNBC Real Estate
© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by...
CNBC Business

US-China phase one deal brings some relief, but uncertainty remains

CNBC
CNBC – For more and to sign up click here A partial trade deal signed on Wednesday between the U.S. and China gives some relief to the market, but uncertainty still remains, experts said. “There’s a great sense of welcome that the deal was signed and a little bit of......

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