SHANGHAI/BEIJING - As the Sino-U.S. trade war drags on, Beijing is throwing its door wide open to foreign investors as concerns grow over declining exports, capital flight and persistent yuan weakness.
Arguably, the most eye-catching success was last year, when Tesla Inc obtained generous terms to build the first wholly foreign-owned car plant in China. The advisor, who declined to be identified, brushed aside Trump’s “pull-out” directive as “wishful thinking”, arguing that foreign investors would gravitate toward China’s huge market potential and massive consumer base.
China’s surplus in the current account, which includes mainly trade in goods and services, has been shrinking every year since 2015, hitting a 15-year-low of $49.1 billion last year. Growth in the stickier foreign direct investment , however, has been trending lower. Net FDI, as per Nomura estimates, will more than halve this year to $40.3 billion.
Keep up the pressure world! China has stolen billions from all of us!
supportchina
CCP chinazi aims to trap foreign money only. Don't trust them! BoycottChina
China tech is where you want to go
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China will win the trade war and wean off American technology in 7 years, strategist says'China will never trust the United States again, and it will achieve its technology independence within seven years,' said David Roche, Independent Strategy's president and global strategist. Impeach the orange moron while we still have a functional economy. The FBI and Justice Department should start looking at how much China Communist Operatives have infiltrated American's news outlets. 🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »
German finance minister: Agreement in U.S.-China trade dispute urgently neededGerman Finance Minister Olaf Scholz said on Tuesday that companies around the wo... If you say it louder, the opposite will happen...there's got to be a photo op of a BIG DEAL in the agreement. Hold the meetings in N.Korea so Trump can hawk his coins. Does he know the facts?
Source: Reuters - 🏆 2. / 97 Read more »
U.S.-China trade war an opportunity for Turkey: Turkish ministerTurkey sees opportunity to boost trade with the United States amid Washington&0... America trump will never make a trade deal with china, ever... In the meantime Turkey purchased S400 defense system from Russia 😂 I thought Turkey is (or was?) quite close to China, maybe I should update my international relations knowledge......
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Dow rises 100 points, inches closer to record high amid China trade optimismTreasury Secretary Steven Mnuchin said China and the U.S. have a “conceptual agreement” on enforcement of intellectual property theft, one of the more contentious negotiation points between the two countries. Oh look inside trading queued by the white house Winning! The stock market is a toddler with a learning problem.
Source: NBCNews - 🏆 10. / 86 Read more »
The US lobster industry latest to get caught in the US-China trade warCNBC's Contessa Brewer reports from Kennebunkport, Maine on how the U.S. lobster is the next item to get caught up in the U.S.-China trade war. Price of Lobster should be going down for Americans. Tarriffs are working. Muh Robster! Be Patriotic order Lobster. Make sure you take your aged garlic first to reduce cholesterol.
Source: CNBC - 🏆 12. / 72 Read more »