U.S. – China Trade Deal has gone in flames, Here’s Why!

Washington apparently went too far. Instead of seeking an immediate and rapid rebalancing of U.S.-China trade, the White House asked for legislative changes in China’s trade and economic systems under a permanent threat of sanctions. And then it got worse. China seemed to have offered a bait, pretending that it might acquiesce into such unthinkable[...]

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Electric Scooters are the Future of Transportation- Chinese Tech CEO!

As many cities are trying to boost environmentally friendly public transit systems, one Chinese tech CEO says smart electric scooters may be the new future of urban mobility. Due to congestion in many cities, cars tend to travel at about 15 kilometers per hour, on average, while moving room in subways during rush hour is[...]

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Huawei Scraps Laptop Launch due to US Blacklisting

Chinese tech giant Huawei has scrapped the launch of new laptop as a result of being effectively barred from doing business with American suppliers. It’s the first product launch the company has cancelled as a result of being put on a blacklist restricting its access to U.S. technology. Richard Yu, CEO of Huawei’s consumer division,[...]

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Chinese Smartphone Oppo expands into UAE through Lulu deal

Chinese smartphone giant Oppo is expanding its presence in the region with the announcement of new distributors for its products. The company said a new partnership with Lulu in the UAE marks the beginning of a relationship that will evolve to cover the GCC. In addition to retail presence, Lulu will work with Oppo by[...]

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China gives go ahead for 5G Network amidst tensions with the US

China has given the go ahead for its major state-owned mobile carries to start rolling out next generation networks known as 5G, a move experts said was partly a response to the ongoing trade war with the U.S. The country’s Ministry of Industry and Information Technology on Thursday issued 5G commercial licenses to China Telecom,[...]

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China to alter visa procedures from June 1

The exit-entry departments of China’s public security authorities will start issuing new versions of visas and residence permits for foreigners from Saturday, the National Immigration Administration (NIA) said on Friday. This is according to Premium Times. “The current versions will no longer be issued on the same day, while the documents already issued are still[...]

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Huawei launches 5G lab in South Korea, but keeps event low-key after US ban

Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation. The Chinese tech giant, the world’s top producer of telecoms equipment, said it planned to invest about $5[...]

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Alibaba is planning a Hong Kong listing to raise $20 billion

E-commerce giant Alibaba Group Holdings is debating whether to offer new public shares through a listing in Hong Kong, Bloomberg reported Monday. The offering could garner as much as $20 billion, the site reported. China’s largest company is currently working with financial advisors to offer the second listing as early as the latter half of 2019, sources familiar with[...]

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The UK’s biggest cell phone operator pauses launch of Huawei’s 5G phones

EE, the operator of the U.K.’s largest cell phone network, said Wednesday that it wouldn’t offer 5G smartphones from Huawei. The company, which is owned by telecommunications giant BT, will put the launch of Huawei’s 5G devices on pause as the U.S. places renewed political pressure on the Chinese telecommunications giant. “Until we get the information and confidence that gives[...]

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Google gets ready to cut ties with Huawei- US,China Trade War

US internet giant Google, whose Android mobile operating system powers most of the world’s smartphones, said it was beginning to cut ties with China’s Huawei, which Washington considers a national security threat. The move could have dramatic implications for Huawei smartphone users, as the telecoms giant will no longer have access to Google’s proprietary services[...]

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China is raising tariffs on $60 billion of US goods starting June 1

China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday. Beijing will increase tariffs on more than 5,000 products to as high as 25%. Duties on some other goods will increase to 20%. Those rates will rise[...]

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Chinese Stock Take a Dive due to Trump threats and Tantrums on Trade.

Stocks in China plummeted on Monday following a re-escalation in U.S.-China trade tensions as President Donald Trump declared an impending increase in tariffs rates on $200 billion of Chinese goods. The Shanghai composite fell 5.58% to close at 2,906.46, while the Shenzhen component dropped 7.56% to finish at 8,943.52. The Shenzhen composite also fell 7.381%[...]

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China devalues currency again in a ‘snub’ to Trump- ING

China has started letting the yuan weaken slightly in a pointed “snub” to U.S. President Donald Trump, Dutch bank ING said in a report. Different U.S. administrations have long claimed China derives unfair export price advantages by keeping the yuan artificially weak, a charge Beijing denies. Still, the United States has refrained from officially labeling China a “currency manipulator.” Though[...]

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