China’s new top central banker says Beijing won’t use yuan depreciation as a weapon in a trade fight. Should investors believe him? A sharp, deliberate devaluation—as in 2015—would be risky, given the country’s rickety financial system. But there is reason to think the currency might come under pressure later in 2018 anyway, and that could be misinterpreted as provocation by a hostile Trump administration. The... … [Read more...] about Is the Yuan in China’s Trade-War Arsenal?
Joe Mcdonald, Ap Business Writer Updated 1:31 am, Friday, April 13, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 In this March 29, 2018 photo, a cargo truck drives amid stacked shipping containers at the Yangshan port in Shanghai. China's global trade balance swung to a rare deficit in March as exports shrank but its surplus with the United States, the center of a worsening dispute with Washington, stood at $15.4 billion. less In this March 29, 2018 photo, a cargo truck drives amid stacked shipping containers at the Yangshan port in Shanghai. China's global trade balance swung to a rare deficit in March as exports shrank but its ... more Photo: AP China's March trade weakens, surplus with US at $15.4B 1 / 1 Back to Gallery BEIJING (AP) — China's global trade balance swung to a rare deficit in … [Read more...] about China’s March trade weakens, surplus with US at $15.4B
BEIJING (AP) — China's March exports shrank 2.7 percent in a sign of weak global demand, while import growth decelerated.Customs data on Friday showed export growth plunged from the 24.4 percent rate of the first two months of 2018. Imports rose 14.4 percent, but that was down from 21.7 percent in January and February.The country's politically sensitive global trade balance swung to a rare deficit of $5 billion. … [Read more...] about China’s March exports shrink 2.7 percent, imports weaken
Supported by Asia Pacific By KEITH BRADSHER and JANE PERLEZAPRIL 12, 2018 Continue reading the main story Share This Page Continue reading the main story BEIJING — In an elegantly furnished back room at a conference in eastern China in December, a member of the Chinese leadership asked American tech executives attending the event for help.The official, Wang Huning, a Communist Party strategist who has spent much of his career sizing up the United States as a geopolitical rival, wanted to know whether President Trump was serious about a trade war with China — and whether they could serve as a channel of communication to the White House.He has not been alone.For the past few months, some of the most powerful men in China — allies of President Xi Jinping with longstanding ties and deep experience with the United States — have been casting about for a better understanding of Mr. Trump and how to respond to his combative trade agenda, according to … [Read more...] about Is Trump Serious About Trade War? China’s Leaders Hunt for Answers
Supported by Business Day By RAYMOND ZHONG, PAUL MOZUR and IRIS ZHAOAPRIL 12, 2018 Continue reading the main story Share This Page Continue reading the main story SHANGHAI — If you were driving in China recently, you might have gotten in trouble had you tried honking your car horn like this:Beep.(Pause.)Beep, beep.The pattern is a secret code of sorts for loyal users of two Chinese social media apps to identify themselves. Honk the signal while idling at a red light, and if you hear it in response, then you know a fellow fan is near.This week, though, China’s top media regulator closed one of those apps. Officially, the app, Neihan Duanzi, was shut down for hosting “vulgar” jokes and videos. But it and another app, Douyin, which helps users make goofy music videos, have brought together legions of fans who make themselves known to one another in the real world.That has led some to wonder whether the platform’s tight-knit user community, with … [Read more...] about An App Moved Offline, and China’s Censors Stepped In