Archive for August 8th, 2019

China doubles size of Shanghai Free-Trade Zone to include Tesla town in drive to open markets

08-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

China announced new tax incentives and import duty exemptions on Tuesday, as it formally expanded the Shanghai Free-Trade Zone (FTZ) amid rising trade war tensions with the [...]
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Half-a-degree warmer means 30,000 more deaths yearly in urban China: study

08-Aug-2019 Intellasia | AFP | 6:02 AM

An increase in global warming from 1.5 to 2 degrees Celsius above late 19th-century levels would cause tens of thousands of extra deaths in China’s cities every year, [...]
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US-China Trade War Spreads From Tariffs To A Battle Over Currencies

08-Aug-2019 Intellasia | NPR | 6:02 AM

The US and China opened a new front in their trade war this week, when China allowed its currency to fall, triggering a sharp drop in the US stock market. The seemingly [...]
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US sends carrier through disputed South China Sea amid tensions with Beijing

US sends carrier through disputed South China Sea amid tensions with Beijing

08-Aug-2019 Intellasia | TheHill | 6:02 AM

The US military sailed an aircraft carrier through the South China Sea on Tuesday in a show of force against Chinese aggression, The Associated Press reported. The Navy flew [...]
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India hails ‘historic’ Kashmir rule as Pakistan, China slam move

08-Aug-2019 Intellasia | AFP | 6:02 AM

India’s Hindu nationalist government on Tuesday hailed “historic” legislation to bring Kashmir under its direct control but Pakistan and China challenged [...]
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Bridgewater’s Ray Dalio says investors should still bet on China despite trade war

08-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

Investors should continue to bet on China and its future growth despite a trade war that has raged with the United States for more than a year, according to Ray Dalio, the [...]
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Trade war tensions ease a bit as China stabilises currency

Trade war tensions ease a bit as China stabilises currency

08-Aug-2019 Intellasia | AFP | 6:02 AM

Tensions between the US and China over trade subsided a bit, giving US investors a reason to wade back into stocks after a big sell-off a day earlier. Still, experts worried [...]
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China warns HK protesters that punishment is coming

China warns HK protesters that punishment is coming

08-Aug-2019 Intellasia | AP | 6:02 AM

China warned Tuesday that it will be “only a matter of time” before it punishes those behind two months of pro-democracy protests in Hong Kong that have [...]
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PNG asks China to refinance $8bn public debt

08-Aug-2019 Intellasia | AFP | 6:02 AM

Papua New Guinea has asked Beijing to refinance its $8 billion debt, in a request likely to rile Australia and the US as they try to maintain their influence in the Pacific [...]
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JPMorgan is one step closer to controlling a second Chinese joint venture

08-Aug-2019 Intellasia | CNN | 6:02 AM

JPMorgan has won an auction that gets it one step closer to controlling its asset management business in China. But the escalating trade war between the United States and [...]
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Philippines’ Duterte to raise South China Sea ruling with Xi

08-Aug-2019 Intellasia | Aljazeera | 6:02 AM

Philippine leader to visit China to discuss 2016 arbitration case over the disputed South China Sea, spokesperson says. Philippine President Rodrigo Duterte plans to meet his [...]
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China’s exit from US agriculture is a devastating blow to an already struggling sector

08-Aug-2019 Intellasia | CNBC | 6:02 AM

* Farmers are losing their fourth-largest customer as China officially stops buying US agricultural products. * The loss piles onto an already tough year for crops and [...]
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Trump says US in ‘strong position’ and money ‘pouring’ in from China as trade war intensifies

08-Aug-2019 Intellasia | CNBC | 6:02 AM

* “Massive amounts of money from China… is pouring into the United States for reasons of safety, investment, and interest rates!” Trump writes on Twitter. * [...]
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Sink or swim: Chinese port plans put Pacific back in play

08-Aug-2019 Intellasia | Reuters | 6:02 AM

Early in the morning, before sunrise, low tide on the Samoan island of Savai’i reveals the remnants of an old American airstrip, washed away by decades of erosion, [...]
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What Chinese state media are saying about the falling yuan and escalating trade war

08-Aug-2019 Intellasia | CNBC | 6:02 AM

* “The irresponsible acts exhibited by some Americans show that they disregard justice and undermine honesty,” an editorial by the People’s Daily said [...]
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