China threatens to impose taxes on imports of US goods worth $60 billion

China threatens to impose taxes on imports of US goods worth $60 billion

Beijing: China has retaliated to the US President, Donald Trump’s threat of imposing additional taxes of 25% on goods imported from China worth $200 billion. China has retaliated with a warning that taxes varying between 5% and 25% will be imposed on goods worth $60 billion imported from the United States. This warning by China […]

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Indo-Pacific Business Forum held in US to counter increasing Chinese economic domination

Indo-Pacific Business Forum held in US to counter increasing Chinese economic domination

Washington: The United States has initiated rapid movements to counter the use of financial strength by China to dominate the Indo-Pacific countries. This issue was highlighted in the Indo-Pacific Business Forum, organised in the United States. The United States is designing a comprehensive policy keeping the needs of the countries in that region, in terms […]

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All of China’s $500 billion imports to be taxed, threatens US President Donald Trump

All of China’s $500 billion imports to be taxed, threatens US President Donald Trump

Washington: US President Donald Trump indicated imposition of taxes on all of the imports from China saying, ‘My actions are not merely political. The action against China is meant to guard the United States’ interests. It has taken advantage of the United States in bilateral trade since the past several years. Therefore, I am willing […]

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China warns that the trade war enforced by the US will slow down the global economy

China warns that the trade war enforced by the US will slow down the global economy

Beijing: China has warned that the intensifying trade war started by the United States will result in a global economic slowdown. The Chinese economic growth rate has seen a decline for the second consecutive quarter, and it is being attributed to the trade war with the United States. US President, Donald Trump has warned of […]

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Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Canberra: The chief of Australia’s central bank has warned that the increasing built-up of debt in the Chinese economy, who is the biggest trade partner of Australia, can prove dangerous for both the countries. The debt to GDP ratio in the Chinese economy has risen from 100 percent to a staggering 260 percent in the […]

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China slams EU over its report, says calling it a ‘distorted state-run economy’ is hypocritical

China slams EU over its report, says calling it a ‘distorted state-run economy’ is  hypocritical

Beijing: The European Commission accused China of being a “distorted state-run economy”. China has expressed its displeasure on the Commission’s accusation and has criticised EU’s stand in this regard to be hypocritical and baseless. It is believed that the series of accusations between China and Europe would further strain the trade relations between both countries.  The European […]

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