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Britain’s finance minister in China to promote trade

“Total two-way British-Chinese trade in goods last year was $49.1 billion, according to Chinese trade data” reports foxbusiness.com. They say they want closer cooperation in finance, clean energy, nuclear power and other fields.”If the impact of Brexit lasts for a long time, it may bring about negative effects on China’s investment and acquisitions in the country,” said Wang.British leaders are looking to China for trade and investment as they try to fashion a new global role and offset reduced access to the European common market.Britain’s finance minister told the Chinese…

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China suffers natural gas shortage as coal ban backfires

“Natural gas supplies about 7 percent of China’s total energy, according to the government” reports foxbusiness.com. The overall economic impact is unclear, but gas supplies to factories and other industrial users in areas throughout China have been reduced or cut off.BASF said it had no word when gas supplies would resume. Imports of Russian gas “will have far-reaching significance for optimizing China’s energy structure, cutting emissions and improving air quality,” the official Xinhua News Agency said.The latest shortages stem from Beijing’s effort since 2013 to shift 3 million households in…

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China logs strong exports, imports, as economy gains steam

“China reported strong growth Friday in both exports and imports in November in a reassuring sign for the world’s second-biggest economy” reports foxbusiness.com. They’re opposed to giving China market economy status, which would make it harder for them to win anti-dumping cases against Beijing for exporting goods at improperly low prices.Figures posted on the customs department website show exports expanded 12.3 percent to $217.4 billion in November over a year earlier.The optimism might not last as more trade frictions loom between China and the U.S. Last week Washington joined the…

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China has one big advantage in the race to build the car of the future

“That is being done through major Chinese investments into California to conduct research and development around autonomous technology, Dunne said” writes Akiko Fujita for cnbc.com. Given how new driver-less technology is, regulators will have to do a lot of work to firm up laws that will govern autonomous driving in the future.He said that the “Chinese government can, and will, facilitate autonomous driving sooner than we will in the United States, for example.At the same time, Chinese companies are also catching up with their Silicon Valley counterparts when it comes…

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China’s trade data beats across the board

“Crude oil demand also increased, lifting to 37.04 million tons from 31.03 million tons a month earlier” writes David Scutt for businessinsider.com. Chinese trade data continues to impress with annual import and export growth, along with the nation’s trade surplus, beating expectations in November.Iron ore imports also lifted, jumping to 94.54 million tons from 79.49 million tons in October.Coal imports grew marginally, rising from 22.05 million tons from 21.28 million tons.Reflecting the impact of currency movements over the year, imports grew by 15.6% in local currency terms, above the 12.5%…

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Is China On The Brink Of The Next Big Financial Crisis?

“The IMF supported this approach, noting that tensions had emerged in various areas of the Chinese financial system” writes Larry Elliott for theguardian.com. The IMF also noted developments in the Chinese financial system similar to those in the US in the years before the financial crisis of a decade ago.The IMF’s health check of China’s financial system found that credit was high by international levels, that personal debt had increased in the past five years, and that the pressure to maintain the country’s rapid growth had bred an unwillingness to…

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Ford Agrees Tech and Marketing Deal with China’s Alibaba

“Tmall, an Alibaba subsidiary and one of its two main online divisions, could be used to market Ford cars under terms of the deal, Alibaba said in a statement Thursday, which aims to explore tech-related opportunities between the two companies” writes Martin Baccardax for thestreet.com. Alibaba Group Holding Ltd. (BABA)  shares traded higher in pre-market dealing Thursday after Asia’s second-largest company inked a deal with Ford Motor Co. (F) that could see it sell cars through its online retail platform in the world’s fastest-growing market. Source: thestreet.com Share This:

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China’s ballooning debt is a major threat to global financial stability, IMF warns

“Credit growth has outpaced GDP growth, leading to a large credit overhang” writes Finanzen Net Gmbh for businessinsider.com. Citing the experiences of other countries which have fuelled growth via taking on debt aggressively, the fund warned that the current trajectory of China’s debt is “dangerous.”. “International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment or a marked growth slowdown,” a report said.China’s ballooning levels of debt and dependency on credit to fuel growth continues to pose a major financial stability…

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China’s goal to become an innovation hub is good news for Germany’s Merck

“One common gripe many foreign companies have when it comes to doing business in China is around intellectual property theft” writes Martin Leissl for cnbc.com. The latter two business units help to make Chinese companies more competitive, Merck KGaA Chairman and CEO Stefan Oschmann told CNBC on Thursday on the sidelines of the Fortune Global Forum in Guangzhou, China. Source: cnbc.com Share This:

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