Crypto News 

Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

“Indeed, following the 2017 trading and ICO ban, reports began to emerge of growing P2P Bitcoin trading in China” writes Osato Avan-nomayo for cointelegraph.com. These exchanges reportedly mask such activities by using the guise of running a P2P trading desk for the BTC/USDT trading pair.While the Alipay/Binance situation was unfolding, a Twitter account named Blocfilo posted some startling revelations about the Chinese crypto trading scene.There are even reports that major crypto exchanges use these backchannel avenues to conduct P2P Bitcoin trading in China.Earlier in October 2019, Binance announced a fiat on-ramp…

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Markets News 

China market regulator chief met with Apple CEO Tim Cook

“Apple last week removed from its app store an app that helped Hong Kong protesters track police movements after a Chinese state newspaper sharply criticized it for allowing the software” writes Min Read for reuters.com. Cook had defended the removal in the face of criticism for appeasing mainland China, telling Apple workers that “this decision best protects our users”.BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook met the chief of China’s market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust…

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News 

Top Economic Advisers Warned Trump on Tariffs Before China Truce

“But Trump during the meeting pointed the finger at the Federal Reserve, saying it deserves to share blame for the economic downturn” reports thehill.com. Trump also reportedly called in one of his closest advisers on China, Peter Navarro, into the meeting.A Trump administration official confirmed to the Journal that the president hears from a number of different advisers before making decisions on trade talks. Source: thehill.com

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News 

China plots to block US military from key ports, Pentagon warns

“China aims to thwart the U.S. military from using strategically significant ports around the world, U.S. officials and analysts said yesterday” reports washingtonexaminer.com. Military officials agreed that China is trying to crowd Americans out of the ports at the chokepoints of global shipping. “We just have to be present there — not just watching but actually present,” said Air Force Lt.”First, the dual commercial and military uses of these assets; second, that the debt incurred by these countries will tie them to China in ways that will facilitate China’s international…

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Markets News 

Apple CEO Tim Cook met with a Chinese state regulator days after controversially booting a Hong Kong map app from the App Store

“Apple CEO Tim Cook met with a Chinese regulator days after his company booted a Hong Kong police-tracking app from the App Store” writes Charlie Wood for businessinsider.com. Cook and Apple came under fire last week after Apple removed an app from its App Store – called HKMap.live – that let Hong Kong protestors track police.Greater China — covering mainland China, Hong Kong, and Taiwan — was Apple’s third-biggest market in the third quarter this year, with revenue of $9.1 billion.Prior to Apple’s decision to remove the app, the Chinese…

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News 

U.S. and EU should put aside their Boeing-Airbus feud and join forces against predatory Chinese state capitalism

“This adds to the urgent need for the U.S. and the EU to put aside their feud and join forces against predatory Chinese state capitalism” writes Claude Barfield for marketwatch.com. Yet the decision will significantly affect current and future U.S. and EU conflicts with China over Beijing’s evolved system of high-tech mercantilist protectionism. Source: marketwatch.com

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News 

China’s growth slows to 27-year low, but Trump’s trade war is only partly to blame

“The trade war that Trump declared 18 months ago has complicated those efforts, but not as much as he has claimed” writes Beijing Bureau Chief for washingtonpost.com. The world’s second-largest economy grew by 6 percent in the three months to the end of September, the weakest quarterly figure since 1992.The impact from the tariffs and other restrictions has shaved only a fraction of a percentage point off the growth rate, economists say.China cannot sustain the double-digit growth rates it enjoyed until a decade ago. Source: washingtonpost.com

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News 

China says US must cancel new tariffs for ultimate trade deal

“Both sides’ ultimate goal for the negotiations is to end the trade war, cancel all additional tariffs,” he said” writes Evelyn Cheng for cnbc.com. “China’s position, principle and goal for the China-U.S. trade negotiations has never changed,” Gao said in Mandarin at a weekly press conference, according to a CNBC translation.U.S. President Donald Trump said China agreed to a “very substantial phase one deal” that will be written over the next three weeks. “We hope both sides can continue to work together to advance the negotiations and, as soon as…

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News 

China says it hopes to reach phased trade pact with U.S. as early as possible

“U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on canceling tariffs on each others’ goods. Source: 95kqds.com

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