Markets News 

China moves closer to allowing foreigners to control insurance ventures: sources

“The plans for the insurance sector, the world’s third-largest insurance market, show the liberalization plan has not been derailed” writes Midwest Communications Inc for 95kqds.com. If anything, they are looking to advance the process,” said a top executive at a large foreign insurance company with a China presence.China has set an agenda to open up its financial sector and has already taken steps this year to relax foreign ownerships in securities ventures.The regulator is now considering advancing the three-year timeline for allowing foreign insurers to take full control of their…

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DP World chairman says trade tensions will make 2019 challenging

“DP World Chairman Sultan Ahmed bin Sulayem told Reuters he believed the psychological impact of trade tensions involving the United States were starting to translate into reality” writes Midwest Communications Inc for 95kqds.com. DUBAI (Reuters) – Global ports operator DP World believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday.DP World, one of the world’s largest port operators, was taking measures to reduce costs, and is addressing how it will manage a challenging 2019,…

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Vice President Mike Pence defended the Trump administration’s imposition of tariffs on $250 billion in Chinese goods, saying that it was necessary because of the “tremendous barriers” Beijing put on companies entering its market.

“Pence’s comments come shortly after President Trump signaled Friday the U.S. could hold off on implementing more tariffs on Chinese goods if the two nations can reach a reciprocal trade deal” reports washingtonexaminer.com. The tariffs have sparked a trade war between the two largest economies in the world. Source: washingtonexaminer.com Share This:

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News Oil 

How China is helping Iran skirt U.S. sanctions

“To continue oil trade in different currencies other than dollar, Iran has been in talks with key allies, including China” reports tehrantimes.com. U.S. has been rendered friendless and isolated in its quest to tear up the Iran deal and force countries to cut oil imports from Iran.European Union has already refused to back down on the Iran deal, exploring ways to develop payment channels to facilitate payments related to Iran’s exports.In 2017, one-third of Iran’s oil was supplied to China, which underlines the significance of oil trade between the two…

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As China-U.S. friction rises, their armies hold joint disaster drills

“So I think bilateral exchanges can start from humanitarian and disaster relief exchanges and expand to other areas of common interest.”” writes Midwest Communications Inc for 95kqds.com. “These exchanges remain important in that respect even if they aren’t going to solve broader problems in the relationship.”.  Source: 95kqds.com Share This:

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Pence vows no end to tariffs until China bows

“History has shown that confrontation, whether in the form of a Cold War, hot war, or trade war will produce no winners,” said Xi” writes Midwest Communications Inc for 95kqds.com. PORT MORESBY (Reuters) – The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to U.S. demands, Vice President Mike Pence said on Saturday. Source: 95kqds.com Share This:

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Trade war is costing Washington dearly | Editorial

“Dan Newhouse, a Republican farmer in Sunnyside, acknowledges everyone is hurt by a long-term trade war” writes The Seattle Times for seattletimes.com. This is complicated for Washington, the most trade dependent state, with 40 percent of jobs dependent on global trade.Yet growers and other Washington companies will benefit if tariffs get China, the primary target in this trade dispute, to address longstanding problems.In the current trade dispute, Americans have little choice, for now, other than to support Trump’s brinkmanship.They began as a nearsighted, political move to protect steel and aluminum…

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Unhygienic cleaning practises revealed in China hotels

“The 11-minute video, claims it shows hidden camera footage of cleaning staff wiping cups and sinks down with used towels and other unsanitary behaviours at 14 international hotels in China” writes Telegraph View for telegraph.co.uk. Other hotels whose cleaners were caught on camera and also issued statements included the Park Hyatt hotel in Beijing, and the Shangri-La Hotel in Fuzhou in eastern China. City tourism and health agencies in Beijing and Shanghai are investigating and in touch with the hotels featured in the video.High-end hotels in China run by international…

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Cleaner at luxury Chinese hotel caught cleaning toilet and drinking cups with same sponge 

“The 11-minute video, claims it shows hidden camera footage of cleaning staff wiping cups and sinks down with used towels and other unsanitary behaviours at 14 international hotels in China” writes Telegraph View for telegraph.co.uk. Other hotels whose cleaners were caught on camera and also issued statements included the Park Hyatt hotel in Beijing, and the Shangri-La Hotel in Fuzhou in eastern China. City tourism and health agencies in Beijing and Shanghai are investigating and in touch with the hotels featured in the video.High-end hotels in China run by international…

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