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More Asia-friendly trade policies seen under Biden

More Asia-friendly trade policies seen under Biden

(ATF) The most direct effect of the recent presidential election in the United States is that Joe Biden’s administration is going to be much more cooperative and multilateral, with less confrontational trade policies and a reduced use of tariffs. There will be an overall improvement in trade relationships with China, …

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Wanda Group checks out of global luxury hotel chain plan

Wanda Group checks out of global luxury hotel plan

(ATF) Wanda Group has completed the sale of the Vista Tower project in Chicago in a deal previously disclosed to be $270 million. This marks the end of an ambitious international hotel chain plan by Chinese billionaire Wang Jianlin as the group trims its multi-billion-dollar debt.Hong Kong-listed Wanda Hotel Development …

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Trump administration to add 4 more Chinese firms to Pentagon blacklist

Trump administration to add 4 more Chinese firms to Pentagon blacklist

WASHINGTON: Washington is poised to designate four more Chinese companies as backed by the Chinese military, sources said, curbing their access to US investors as the Trump administration seeks to cement its hawkish China legacy in its waning days.The designations, which have not been previously reported, could be released by …

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Poole on Point: China fills the multi-polar trading gap

Poole on Point: China fills the multi-polar trading gap

(ATF) Flash back to 2005.Brunei, Chile, New Zealand and Singapore signed a trade agreement. Unknown at the time, that was the genesis of the a much larger free-trade agreement. President George W. Bush announced in 2008 that the US would begin trade talks not just with this group, but with …

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Mood soured by US Treasury-Fed spat

Mood soured by US Treasury-Fed spat

(ATF) Hong Kong: Financial markets tumbled on Friday as an unprecedented spat between the US Treasury and the Federal Reserve over pandemic recovery funds hammered sentiment already shaken by the rising coronavirus infection count.But mainland China and Hong Kong stocks edged up as the People’s Bank of China (PBoC) kept …

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The new Sino-US order

The new Sino-US order

WASHINGTON: US President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.Asked at a news conference in Wilmington, Delaware, …

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US snubbed as Asia forms world’s large FTA

US snubbed as Asia forms world’s large FTA

HANOI: Fifteen Asia-Pacific economies formed the world's largest free-trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump. The signing of the Regional Comprehensive Economic Partnership (RCEP) at a regional summit in Hanoi is a further blow …

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Don’t start the coronavirus celebrations too soon

Don’t start the coronavirus celebrations too soon

(ATF) A vaccine for coronavirus is thankfully in sight, but a swift end to the global economy’s woes is not. Hopes that a recovery will unfold in 2021 are justified, but the path will be bumpy and depend entirely on progress in defeating the disease.The challenge of repairing the economic …

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Investors cautious on vaccine, stimulus delay

Investors cautious on vaccine, stimulus delay

(ATF) Hong Kong: Asian markets stumbled on Friday as investors worried about the time it would take for a roll-out of a vaccine even as the coronavirus spread surged in many countries reigniting fears of a further economic slowdown.The mood was further dampened when the US stimulus package hit another …

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Huawei now US’ Room 101 

Huawei now US’ Room 101 

BRASILIA: A US official has said that Chinese surveillance of the world through 5G technology was like Big Brother in George Orwell's novel 1984, as he urged Brazilian companies not to buy equipment from China's Huawei Technologies.Keith Krach, US under secretary of state for economic growth, energy and the environment, …

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