Trump fact check: is the Chinese economy really ‘going down the tubes’?

The president reckons Beijing will jump at a trade deal because the countrys grow is slowing. Martin Farrer takes a closer look Donald Trump has claimed ahead of his crunch meeting with Xi Jinping that Chinas economy is going down the tubes and that Beijing is desperate to do a trade deal to avert a bigger slowdown. So is there any truth to the US presidents claims? 1. Its true that China is slowing a bit, but not much China has seen more than 30 years of spectacular growth. The countrys share of global manufacturing was close to zero in 1990 but today accounts for a quarter of the worlds factory output. The transformation has dragged hundreds of millions out …

Canadian minister dismisses suggestion to block Huawei CFOs extradition

Chrystia Freeland said move would set a dangerous precedent while Meng Wanzhou will challenge extradition request Canadas foreign minister, Chrystia Freeland, has dismissed a suggestion that Ottawa block the extradition of a top executive from Chinas Huawei to the US, saying it would set a dangerous precedent. Huaweis chief financial officer, Meng Wanzhou, Sangrily demanded Canada release Meng and detained two Canadians on spying charges. It has also blocked imports of Canadian canola seed and the prime minister, Justin Trudeau, has said he fears further retaliation. The Globe and Mail newspaper on Thursday said former Canadian prime minister Jean Chrtien had floated the idea of the government Original Article : HERE ; This post was curated & posted using : …

US won’t ‘tiptoe’ around Chinese behaviour in Asia, says US defence chief

Acting US defence secretary Patrick Shanahan warns stability in the region is under threat, including the South China Sea The United States will no longer tiptoe around Chinese behaviour in Asia, with stability in the region at threat on issues ranging from the South China Sea to Taiwan, acting US defence secretary Patrick Shanahan has said. Shanahan did not directly name China when making accusations of actors destabilising the region, but went on to say on Saturday that the United States would not ignore Chinese behaviour, the latest acerbic exchange between the worlds two biggest economies. He added he was keen to foster a military relationship with Beijing. Perhaps the greatest long-term threat to the vital interests of states across …

Global markets rocked as US-China trade and tech rift deepens

Shares fall sharply in Asia, Europe and North America in intensifying war of words The deepening trade and technology war between the US and China has sent global stock markets sharply lower and prompted a warning from the IMF of the increasing risks to the global economy. Shares fell sharply in Europe and North America on Thursday as investors took fright at the the intensifying war of words between Washington and Beijing, poor news on the American economy, and political chaos in Britain. Selling continued in Asia Pacific on Friday with the MSCIs broadest index of shares outside Japan down 0.2% to a fresh four-month low. It was on track for a third straight weekly loss. The Nikkei was off …