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Mnuchin expresses optimism trade standoffs can be resolved

“But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries could settle their differences without a trade war” writes The Associated Press for seattletimes.com. WASHINGTON (AP) — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion.We could all only be losers.” On Friday, Mnuchin had called on the IMF to do more to police countries running large trade surpluses, a role that has traditionally been left to the Geneva-based World Trade…

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U.S. Treasury chief may go to China as trade tensions simmer

“WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin may visit China, in a move that could help defuse rising trade tensions between the world’s two largest economies that threaten to derail a global economic recovery” writes Midwest Communications Inc for 95kqds.com. Mnuchin said he met with China’s new central bank governor, Yi Gang, during the IMF and World Bank meetings and discussed the potential for China to open its markets to more foreign competition.The risks of a spiraling trade war were highlighted when U.S. President Donald Trump told his trade…

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The U.S.- China Face-off: Is It About Trade? Or National Security?

“Antitrust regulators in eight other countries have approved the Qualcomm acquisition; but China is a crucial market for the San Diego-based company” writes Clay Chandler for fortune.com. And yet, in the escalating war of words between the world’s two largest economies on trade issues, it’s almost impossible to preserve such fine distinctions.The histrionics over trade provided a useful smokescreen for ZTE to obscure what appears to be an egregious failure to comply with U.S. law.In theory, the U.S. Commerce Department’s move earlier this week to slap a seven-year ban on…

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China: Forced Technology Transfer and Theft?

“The increasingly accepted narrative in the West, especially in the United States, is that China acquires technology mostly through forced technology transfer from multinational companies investing in China and through outright theft” reports piie.com. Overlooked are the data that suggest the popular narrative exaggerates the magnitude of China’s forced technology transfer and theft and does not allow for the possibility that China’s protection of intellectual property is improving rather than worsening. Since the subsidiaries of these holding companies using the licensed foreign technology are located in other jurisdictions worldwide, China…

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The DeanBeat: Tencent leads China’s domination of the global games business

“Within games, Tencent is viewed as an operator with a shrewd understanding of the game business” writes Dean Takahashi for venturebeat.com. If you follow the $116 billion game business, you may know that China has become the world’s biggest game market, and that Tencent is the world’s biggest game company. Source: venturebeat.com Share This:

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Trade Wars Don’t Faze This U.S.-China Investor

“So if you’re asking what my biggest macro concern is, it rests at the Fed for now and not in U.S. trade,” Blackstein said” writes Hal Brands for bloomberg.com. “I’m always looking for companies where there is not only growth, but the ability to sustain that growth, and the Chinese companies we own are not export-led, industrial companies,” Blackstein said.Far from fretting about the looming trade war, Blackstein said that his biggest concern “is with a central bank mistake that can derail the economy.”. That investor is Noah Blackstein, the 48-old…

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China trade body urges tighter corporate compliance after ZTE woes: document

“We can see compliance risk has become a core risk for Chinese firms that join international competition,” the trade body said in the proposal dated April 18″ reports businessinsider.com. The authorities should introduce compliance training measures for government officials and business leaders, the body said.The trade body said top compliance experts, including those working at ZTE’s American suppliers and other multinational companies, had held a discussion this week on the U.S. sanctions to form the CCPIT’s policy proposal.The ZTE case represents a “milestone” and government leaders should urge the company…

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Chips down: China aims to boost semiconductors as trade war looms

“But “they must develop at double the speed of overseas companies, otherwise they will always be a generation behind,” the source said” reports businessinsider.com. Senior government officials met this week to discuss how to speed up chip development in light of brewing trade tensions with the United States, Reuters reported on Thursday.Now, as a trade war with the United States looms, a government decision to accelerate the development of the domestic chip industry underlines how far those goals have fallen short.One design challenge faced by Chinese companies is catching up…

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News Stocks 

China Huarong confirms chairman departs after probe, shares tumble

“Huarong said in a statement to the Hong Kong stock exchange late on Thursday that Lai’s departure “will not cause any adverse impact to the business.”” reports businessinsider.com. Huarong Investment Stock Corp Ltd and Huarong International Financial Holdings Ltd – which also earlier suspended trading of their shares – both dropped over 10 percent in late trade on Friday.FILE PHOTO – China Huarong Asset Management Co Chairman Lai Xiaomin listens to a question from a reporter during the debut of the company at the Hong Kong Exchanges in Hong Kong…

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