Monthly Archives: October 2018

China exporters worried about trade war, rising costs at home: Reuters poll

GUANGZHOU, China (Reuters) – Chinese exporters are mostly confident they can weather a trade war with the United States, but worry about collateral damage it might cause throughout the global economy, according to a Reuters poll of participants at China’s largest trade fair.

Higher U.S. tariffs on Japanese cars less likely, trade war posing risk: Reuters poll

TOKYO (Reuters) – Higher U.S. tariffs on Japanese car exports are less likely now the two nations agreed to start new trade talks, economists said, but most think U.S. trade friction with China and other economies will have a significant impact on Japan.

Spotlight: Top U.S., Chinese experts urge joint efforts to maintain bilateral cooperative ties

by Xinhua writers Yang Shilong, Chang Yuan BOSTON, Oct. 15 (Xinhua) — Joint efforts have to be made by both the United States and China to maintain the healthy and stable development of bilateral cooperative ties, which are not only mutually beneficial but crucial for a stable world order, top American and Chinese experts said here Monday.

Growing impact: a third of Japan Inc hurt by U.S.-China trade war – Reuters poll

TOKYO (Reuters) – The number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand, a Reuters poll found.

Japan’s Abe confirms consumption tax hike to go ahead as planned next year

TOKYO, Oct. 15 (Xinhua) — Japanese Prime Minister Shinzo Abe confirmed Monday the government will raise the consumption tax to 10 percent from the current 8 percent, telling his cabinet ministers to take necessary steps to mitigate the impact. The new tax hike will come into effect on Oct. 1, 2019, Abe said at an extraordinary cabinet meeting. According to… Read more »

China, Pakistan vow to build closer ties, jointly construct CPEC

ISLAMABAD, Oct. 15 (Xinhua) — China and Pakistan agreed on Monday to build closer ties and facilitate the construction of the China-Pakistan Economic Corridor (CPEC). The pledges were made during Pakistani Prime Minister Imran Khan’s meeting with Song Tao, head of the International Department of the Communist Party of China (CPC) Central Committee. Khan said the new Pakistani government sees… Read more »

Analysis Post #3

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Analysis Post #3 Leah Snyder   Singapore, being a wealthy city state, was ranked among the 10 worst-offending countries in fueling inequality with its low tax regime. Singapore’s tax policy went beyond its borders, says Max Lawson, and it serves as a “Tax Haven” for large corporations. By this, he means that Singapore is taking so many taxes from these… Read more »