Posts tagged as Beijing

Chinese exports accelerate even as Trump escalates trade war

By Elias Glenn, Ben Blanchard on Wednesday, August 8, 2018

China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on…

China warns U.S. is ‘opening fire’ on the world with tariff threats

Thursday, July 5, 2018

The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect, as Beijing ramped up the rhetoric in the heated dispute. The Trump administration’s tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after…

Beijing is taking on a broader financial role. Here’s why that matters

By Daniel McDowell on Thursday, June 14, 2018

When the Argentine peso was in trouble last month, Argentina asked the International Monetary Fund for a $50 billion loan. But the government in Buenos Aires also reached out to Beijing for help — reportedly looking for as much as $30 billion. Argentina wants Beijing to bump up an existing “currency swap” agreement between the two countries’ central banks. Currency swaps effectively act like direct lines of credit between two…

China Conducts War Games, and Taiwan Is the Target

By Austin Ramzy on Wednesday, April 18, 2018

China carried out live-fire military drills in the Taiwan Strait on Wednesday, its state news media reported, an exercise intended to show the growing strength of its navy and deliver a message to self-governed Taiwan, which China claims as its territory. The war games were the first in the Taiwan Strait since 2016, Chinese state television reported. They were held in a two-square-mile area that includes two islets off the…