News 

After detente with North Korea, Trump increasingly takes aim at a new foe — China

“Economic analysts have criticized Trump for sparking a trade war with China by slapping tariffs on steel and aluminum in the spring” writes David Nakamura for washingtonpost.com. But analysts said the Trump administration has yet to articulate a clear strategy to deal with China even it signals a sharp departure from the approach of previous administrations.During the hour-long discussion, open to reporters, the president accused China of easing economic pressure on North Korea and of flooding addictive opioids into the United States. Source: washingtonpost.com Share This:

Read More
Markets News Stocks 

Why the drop in China’s stock market might not reflect its economic reality

“China’s stock market is in terrible shape, but it may not reflect the state of the Chinese economy” writes Zhang Peng for cnbc.com. He agreed with Cashin’s point that the Chinese stock market is not very efficient and does not necessarily reflect underlying economic realities.”In highly efficient full-production places like the U.S., the stock market is reflective somewhat to what the economy is doing.Kudlow simply may have looked at the Chinese stock market.The Shanghai market staged a huge rally from 2014 into 2015, more than doubling in value, but again…

Read More
News Stocks 

The next round of US-China trade talks ‘may not amount to much’

“And while the trade talks sparked bullish sentiment in the US, Chinese stocks still fell into the close following the trade announcement” writes Business Insider Australia for businessinsider.com. “We are sceptical that the forthcoming resumption of trade talks will lead to a deal.”. In addition, “the resumption of trade talks between the US and China may not amount to much,” economist John Higgins said.Stocks in China will probably fall further despite a glimmer of hope on US-China trade tensions, Capital Economics (CE) says. Source: businessinsider.com Share This:

Read More
News 

China’s dystopian rule over a Muslim minority

“Those are chiefly Uighurs, a Turkic Muslim minority native to the region, but also ethnic Kazakhs, Kyrgyz and others” writes August At Am for washingtonpost.com. China’s dystopian rule over its Muslim minorities But while the deprivations of the Uighurs and other minorities are comparable to those faced by the Rohingya of Myanmar, the plight of the former receives far less global attention. Source: washingtonpost.com Share This:

Read More
Markets News 

Market report: US and China’s move to restart trade talks calms fragile investors

“Hopes of an end to the tariffs stand-off eased the pressure on global markets after the US and China vowed to restart trade talks” writes Tom Rees for telegraph.co.uk. An emerging markets wobble and metals slump worried markets on Wednesday but tentative signs of progress started to restore fragile investor confidence today.The attempt to reboot trade talks comes after the world’s two largest economies slapped tariffs on $34bn (£27bn) of each other’s goods and threatened to impose import taxes on billions more. Source: telegraph.co.uk Share This:

Read More
News 

As Chinese Internet Giant Tencent Stumbles, Beijing Gets the Blame

“And after years of growth it has become one of the largest internet companies in the world” reports nytimes.com. Yet on Wednesday, Tencent stumbled, missing earnings targets and posting a slowdown in profit growth for the first time in more than a decade.It owns some of the biggest video game franchises in the world. Source: nytimes.com Share This:

Read More
News 

5 Celebrities Who Have the Biggest Influence on China’s Luxury Shoppers

“Fashion houses are banking on the attention: Dior appointed her as its first brand ambassador in China last year” writes unknown author for footwearnews.com. Yang Mi Age: 31 Michael Kors recently tapped the actress and singer as a brand ambassador, and for good reason.Here are five KOLs who have a major influence on Chinese shoppers, especially for high-street brands.To connect with luxury shoppers in China, brands and retailers are increasingly turning to the country’s KOLs, or key opinion leaders. “KOLs are the most effective product marketing here. Source: footwearnews.com Share This:

Read More
News 

China’s Tencent second-quarter profit falls 2 percent, first decline in nearly 13 years

“China’s largest social media and gaming firm said April-June profit fell to 17.87 billion yuan ($2.59 billion), lagging the 19.67 billion yuan average of 12 analyst estimates compiled by Thomson Reuters” writes Midwest Communications Inc for 95kqds.com. Mobile gaming revenue rose 19 percent year-on-year in the June quarter to 17.6 billion yuan, representing a quarter-on-quarter decline of 19 percent.Revenue rose 30 percent to 73.68 billion yuan in the latest quarter, lagging 16 analysts’ average estimate of 77.5 billion yuan. Tencent’s net other gains decreased by 51 percent in the quarter…

Read More
News 

‘China’s Tesla’ files to go public in an offering that could raise $1.8 billion 

“The Tencent-backed firm will seek to raise $1.8bn in the float, potentially making it the second-largest US listing by a Chinese company so far this year” writes James Cook for telegraph.co.uk. The company produces electric cars including the EP9 car, released in 2016, and the seven-seat ES8 which it released earlier this year. Source: telegraph.co.uk Share This:

Read More
News 

Kroger teams up with Alibaba to join China’s new retail battle

“What happened: Kroger is venturing outside of the US for the first time to join the online grocery sales battle with the help of Alibaba” reports technode.com. In China, the online grocery industry has been lively since Alibaba first announced its “new retail” concept and introduced Hema Fresh Stores.Kroger will face competition from Wallmart which has a deal with Alibaba’s rival JD.com.Why it’s important: In the US, Kroger has already partnered up with British retailer Ocado to fight off competition from Amazon and its Whole Foods. Source: technode.com Share This:

Read More