Global markets show 'waning optimism' over US-China trade deal | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Australia Headlines News

Australia Latest News,Australia Headlines

Marcus Today's Chris Conway says global markets have shown 'waning optimism' regarding the US - China trade deal due to creeping 'skepticism' the 'deal won't lead to the economic growth some had been hoping'.

Marcus Today's Chris Conway says global markets have shown "waning optimism" regarding the US - China trade deal due to creeping "skepticism" the "deal won't lead to the economic growth some had been hoping".

Mr Conway said Chinese media "had a lukewarm response to the deal" largely due to "the size of agricultural purchases that had been touted". "This deal has been about two years in the making and it doesn't address some of the key issues that the US was concerned about in terms of IP transfer and protections," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Put simply: US, China trade talks agreed almost nothing, so the US split the talks into two parts and agreed China can buy more farm product from the USA. Real question is, the loss of USD as world's reserve currency, what and how is it replaced, and the impact on AU. auspol

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The photo that reveals who got the better of the US-China trade trucePerspective: The Chinese are beaming; the Americans look glum. The photo that reveals who got the better of the US-China trade truce, writes Stephen Bartholomeusz If China called in the full USA trade defecit debt, the USA would be bankrupted three times over. Perhaps more. Never let the facts get in the way of opinion based photo interpretation. The deal is far more punitive towards China than the days before any deal at all. It is a 'win' for the United States but of course Anti-Trump bias prevents any reporting of facts by tabloid news outlets. ‘’the deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our country.’’ He loves to gloat like he is d best negotiator
Source: smh - 🏆 6. / 80 Read more »

ASX rises on back of US-China trade progress | Sky News AustraliaShaw and Partners’ Adam Dawes says the ASX is off to a good start on Monday on the back of the US-China partial trade deal.\n\nOn Friday US President Trump announced an agreement with China surrounding agriculture, financial services and intellectual property. \n\n“Finally, after spending a better part of two years in a trade deadlock, the US and China struck a partial deal,' Mr Shaw told Sky News. \n\n'President Trump said this could be ratified in the coming months.' \n\nImage: AP\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »

US freaks over LeBron’s China stanceMichael Jordan had his infamous “republicans buy sneakers too” moment — and now LeBron James has been accused of letting his wallet do the talking on the NBA’s China issue. “Daryl Morey’s educational achievements: Has a B.S. in Computer Science from Northwestern University and an M.B.A. from the MIT. LeBron James’ educational achievements: High school diploma.” Ryan Saavedra. Thinking with his wallet Let him stay in China so he can get educated about the situation and see what he has to say then.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Labor ranks divided over Aus-China relationship | Sky News AustraliaDivisions are emerging within Labor ranks over how Australia should approach its relationship with China. \n\nVeteran Labor Senator Kim Carr has written a new article for a Labor-based publication, throwing his support behind Beijing and suggesting greater collaboration with Chinese researchers.\n\nSenator Carr also suggests the nation's security agencies are 'arbitrarily' targeting China when other authoritarian states, like Russia, also pose threats. \n\nSenator Kimberly Kitching has expressed 'deep concerns', defending Australia's right to pursue a 'values-based' relationship with China. \n\nThe issue has been simmering since the federal government was forced to play down comments from Home Affairs Minister Peter Dutton about China's ruling Communist Party. \n\nImage: News Corp Australia Only way Labor likes it if it comes in an ALDI Bag then there is no division Get the Infiltrators Out, Drain the swamp. Meanwhile, over at the Liberal National Party all members are in lockstep on how we approach China...
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Morrison accused of fumbling Australia's relationship with China | Sky News AustraliaThere's been a further breakdown in bipartisanship on foreign policy with Labor accusing the Prime Minister of putting politics ahead of the national interest. \n\nIn a major speech in Canberra on Monday, Shadow Foreign Affairs Minister Penny Wong warned of increasing populism under Scott Morrison's approach.\n\nShe also accused the government of having 'lightweight' ideas which fail to address the rise of China. \n\nSenator Wong went on to accuse the Prime Minister of fumbling Australia's relationship with China. \n\nImage: News Corp Australia Of course she has. She would have led by Sam Dastyari's example had he not been deposed Who cares what shehe Wong says Does Wong think the govt should endear themselves with the Chinese by accepting their donations like Labor?
Source: SkyNewsAust - 🏆 7. / 78 Read more »

President Xi warns attempts to split China 'will end in crushed bodies'Chinese President Xi Jinping has issued a warning to separatists while on a visit to Nepal, saying attempts to split China will end in 'crushed bodies' Knows only violence. Pity the 1•3 billion chinese. Speaking up is not separatism - it is patriotic! A most chilling and dangerous thing for a leader of any nation to say. China promised HK two systems. HK wants promised system, this is what China promised. Pres Xi is using idea of separatism as an excuse not to deliver on the promise made to HK. China, give HK a referendum on the five demands. chinaorgcn MofaNepal CGTNOfficial joshuawongcf
Source: smh - 🏆 6. / 80 Read more »