trade


Chinese investment in Australia plunges as relations sour

Chinese investment in Australia plunges as relations sour

(ATF) Chinese investment in Australia plunged almost two-thirds last year to less than US$1 billion as the impact of coronavirus was compounded by increasingly fraught relations.The new figure marks the fourth straight annual drop and is just a fraction of the US$13 billion injected into the country in 2016, with …

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Biden nominee offers China no relief on tariffs and trade tension

Biden nominee offers China no relief on tariffs and trade tension

(ATF) China's hopes for ending tensions with Washington suffered a blow on February 25 when the new administration's nominee for US Trade Representative said tariffs were a valid negotiating tool and vowed to hold Beijing to its commitments. Katherine Tai also told a Senate committee scrutinising her nomination that there …

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Biden ‘just as confrontational as Trump’ claims China state media 

Biden ‘just as confrontational as Trump’ claims China state media 

China state media has accused new US President Joe Biden of adopting the same ‘confrontational approach’ of his predecessor and said there’s little optimism for any improvement in Sino-American relations.Although Biden’s hand of friendship on issues like climate change had been welcomed, his remarks on trade and Taiwan echoed those …

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Hong Kong-US WTO dispute sparks friction amid hurt civic pride

Hong Kong-US WTO dispute sparks frictions amid hurt civic pride

(ATF) The World Trade Organisation’s decision to proceed with a dispute hearing on the new US rule that all goods imported from Hong Kong must be stamped "Made in China" has reignited trade tensions and split the territory’s community.This week, the WTO's Dispute Settlement Body accepted a second request from …

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Declarations of force majeure over Texas storm freeze Asia supply chain

Declarations of force majeure over Texas storm freeze Asia supply

(ATF) US chemicals giant Celanese declared force majeure on Thursday February 18, saying it was unable to deliver to Asia because of the severe weather conditions in Texas, becoming the latest victim of a storm system disrupting global supply chains.A long list of companies around Texas and New Mexico have …

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China pivots towards consumption to promote its self-sufficiency

China pivots towards consumption to promote its self-sufficiency

(ATF) China's dual circulation strategy is not a pivot away from exports but marks a shift in focus to consumption away from investments, Preston Caldwell, senior equity analyst at Morningstar, told Asia Times Financial Television.Last year’s rollout of Beijing’s strategic priorities for the next five years signalled a desire on …

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US sticking to Trump’s China trade playbook for now 

US sticking to Trump’s China trade playbook for now 

The new US administration will not be ripping up Donald Trump’s China tariffs list just yet and will instead play a waiting game.Treasury Secretary Janet Yellen said this week the tariffs imposed by Joe Biden’s predecessor would remain in place for the foreseeable future until a comprehensive review had taken …

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North Korea's Kim slams his cabinet for lacking innovative insights

North Korea's Kim slams his cabinet for lacking innovative insigh

(ATF) North Korean leader Kim Jong Un on February 11 denounced his cabinet for a lack of innovation and "smart strategies" as the country's economic woes worsened amid plunging trade with China, its most important economic partner.The ruling Workers' Party wrapped up its four-day plenary meeting, during which Kim stressed …

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Australian farmers in $28 billion cry for help over China's tariffs

Australian farmers in $28 billion cry for help over China's tarif

(ATF) Australian farmers claim the trade war with China and the Covid-19 pandemic will cost them nearly $30 billion this decade, as they implored the government to help them survive one of their most challenging years.In a pre-budget submission announced on February 5, the country's National Farmers Federation said the …

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China grabs French and Canadian barley as pig herd grows again

China grabs French and Canadian barley as pig herd grows again

(ATF) China is scooping up millions of tonnes of barley from France and Canada that have yet to be harvested, as its appetite for animal feed grain spills over into orders for next year's crop.Chinese buying has contributed to higher prices for key crops and to food inflation worldwide as …

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