In The News

Kenneth Rapoza August 6, 2019
A trade war and US tariffs have eroded the value of China’s currency. The US president announced tariffs and global stock markets declined. The US Treasury Department designated China as a currency manipulator, and China’s central bank announced removing about 30 billion yuan, or $4.2 billion, from the Hong Kong market. China denies the currency manipulation charge. “Many emerging market central...
Malcolm Scott, Kevin Hamlin and Tian Chen August 5, 2019
The trade war is not ending quickly and tensions grow after the US president announced a new round of tariffs as of September 1. China let the yuan tumble to seven per dollar, the lowest level since 2008. Donald Trump had accused China of currency manipulation, but China may be giving him a lesson in market forces - despite the risk for capital flight. China’s state-owned enterprises will also...
Teng Jing Xuan August 1, 2019
Political tensions spill over to trade and other areas. China’s Ministry of Culture and Tourism will allow Chinese mainland citizens to travel to Taiwan only with group tours. “Travelers from 47 Chinese cities including Beijing, Shanghai and Guangzhou have been allowed to apply for permits to visit Taiwan individually under a program that began in 2011,” reports Teng Jing Xuan for Caixin. “Once...
Tammy Tam July 29, 2019
China’s state media have called for forceful action to stop protests in Hong Kong, and a government spokesman called eight weekends of protests that have disrupted the city "evil and criminal acts committed by the radical elements." Even so, the Chinese government is showing no sign of moving quickly despite escalating tensions and a "'let it be’ sentiment reflects the...
July 4, 2019
Britain’s foreign secretary warned China against repression Hong Kong and China accused Britain of colonialism and interfering in a foreign matter. Britain handed control of the territory to China in 1997 with the condition that Hong Kong would be governed under the principle of “one country, two systems.” Jeremy Hunt said he expects the spirit of that agreement to be honored. Thousands of...
Naomi Ng and Kimmy Chung July 2, 2019
“HK is not China.” The scrawled message on a pillar of Hong Kong’s legislative hall, stormed by protesters, encapsulates the city’s quarrel with China. Protesters oppose legislation allowing extradition of Hong Kong citizens to China for judicial proceedings. China could become impatient with Hong Kong’s leaders for not putting a quick stop to the massive protests attracting global attention, and...
Tomohiro Osaki June 25, 2019
US President Donald Trump relies on equivocation and impulsivity during negotiations and staff planning – to mask his intentions, seek leverage, and keep adversaries and allies on edge. A report suggested that Trump suggested terminating the 1951 defense pact with Japan, calling it “one-sided.” Yoshihide Suga, chief cabinet secretary, pointed out that Trump issued a denial and the two countries...