Against the background of the trade war with the US, Chinese economy hit by recession

Against the background of the trade war with the US, Chinese economy hit by recession

Beijing: The claims that the Chinese economy will be the worst affected because of the trade war with the United States seem to be turning into a reality. The Chinese economy is hit by a severe recession because of the trade war triggered by US President Donald Trump. As per the Chinese agencies, the growth […]

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China is ‘out of bullets’ in the trade war with the US, retorts US Secretary of Commerce

China is ‘out of bullets’ in the trade war with the US, retorts US Secretary of Commerce

Washington: ‘The value of Chinese goods imported into the United States are almost four times the United States’ exports to China. Therefore, by now, China is out of bullets in the trade war,’ was the pointed remark made by the US Secretary of Commerce. China has announced the imposition of tax on US imports worth […]

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While the trade war is raging; China will hold discussions with the US investors

While the trade war is raging; China will hold discussions with the US investors

Beijing: US President, Donald Trump recently announced imposition of taxes on Chinese imports worth $267 billion. China seems to have panicked after this announcement. Therefore, China has organised a meeting of top executives from the US banking and finance sector. The meeting is scheduled to be held on the 16th of September in Beijing and […]

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US prepares to impose tax on Chinese imports worth $ 267 billion, threatens President Trump

US prepares to impose tax on Chinese imports worth $ 267 billion, threatens President Trump

Washington: US President Donald Trump has threatened to impose tax on goods worth $ 267 billion imported from China. The implementation  of imposed tax on Chinese goods worth $ 200 billion may be announced on short notice and the plan for the subsequent imposition of tax on goods worth $ 267 billion also is ready, […]

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China has ample of gold reserve to destroy US Dollar; claims Canadian financial expert and analyst

China has ample of gold reserve to destroy US Dollar; claims Canadian financial expert and analyst

Beijing/Washington: A Canadian financial expert and analyst has said that China will end the dominance of the US Dollar on the back of its gold reserve of 20000 tonnes. China’s economy is feeling the heat of the ongoing trade war with the US and therefore, China might take this aggressive step to defeat the US, […]

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On the background of President Xi Jinping’s announcement, the huge Chinese investment in Africa caught in a whirlwind of controversy

On the background of President Xi Jinping’s announcement, the huge Chinese investment in Africa caught in a whirlwind of controversy

Beijing: ‘It is time for the African leadership to have a brutally honest self-assessment regarding the relationship with China. Is China following the footsteps of the countries that exploited Africa before?’ Daily Nation Kenya. ‘China is 70th in the list of the Per Capita Income and millions of its citizens are still below poverty line waiting […]

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Chinese exports suffer record slump due to US-initiated trade war, admits China’s ‘National Bureau of Statistics’

Chinese exports suffer record slump due to US-initiated trade war, admits China’s ‘National Bureau of Statistics’

Beijing: The ruling Communist government in China as well as the Chinese media have consistently claimed that China will not succumb to the pressures of the trade war started by the United States. However in reality, the factors that are considered to be the backbone of the Chinese economy are seen to have been majorly […]

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Trade war between US and China festers, both countries impose 25% tax on trade worth $16 billion

Trade war between US and China festers, both countries impose 25% tax on trade worth  $16 billion

Washington/Beijing: The United States has maintained its adamant stand by accepting the implementation of taxes on Chinese goods. By saying that China will retaliate against this, the Chinese commerce ministry announced taxation on the imports from the United States. US Secretary of Commerce, Wilbur Ross issued a stern warning that China should remember that the […]

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The Chinese military should be loyal only to the Communist leadership, appeals President Xi Jinping

The Chinese military should be loyal only to the Communist leadership, appeals President Xi Jinping

Beijing: There were reports that the monopolistic rule of President, Xi Jinping was being shaken. President Jinping has indirectly accepted these claims recently, by appealing to the Chinese armed forces. President Jinping delivered a message that the Chinese armed forces should only be committed to the Chinese Communist Party. The appeal bears evidence to the […]

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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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