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Tag Archives: China

Trump hardens tone on China as trade war rattles economy

Washington, United States | AFP | Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations. After a month of escalations in the year-long battle with Beijing, Trump …

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Why is China’s currency falling?

Shanghai, China | AFP | China’s yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Here are five things to know about the yuan’s slide: – Why has the …

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Equities, yuan take hit as Trump dials up trade war with China

Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …

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China plans new tariffs on $75 bn of US imports

Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …

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Uganda slams report on ‘Huawei spying’

Uganda slams report Huawei helped spy on opposition leaders Kampala, Uganda | AFP |  Uganda on Friday denied a report that employees of Chinese telecom giant Huawei had aided a domestic spying operation targeting pop star turned opposition icon Bobi Wine. The Wall Street Journal reported this week that Huawei …

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Parliament committee cautions gov’t on expensive China loans

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament has asked the government to scale down debt contracting to only projects that have high economic and financial returns, and target cheaper concessional loans to finance investments. According to the committee, as the country’s external debt position faces …

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US, China step up war of words over Hong Kong

Washington, United States | AFP | The United States and China have stepped up an increasingly harsh war of words over pro-democracy protests in Hong Kong, as Beijing seeks to push its accusations that the mass demonstrations are being fueled by foreign powers. In the latest exchange, Washington on Friday called …

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Beijing warns of ‘countermeasures’ over US missile plans

Beijing, China | AFP | China warned Tuesday it would take unspecified countermeasures if the United States goes ahead with plans to deploy ground-based intermediate-range missiles in the Asia-Pacific region. The comments come days after US Defense Secretary Mark Esper said Washington was now free to deploy the weapons following its …

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