Tag: US

US designates 4 more Chinese media organizations as ‘state propaganda outlets’
28Jun mmBy Mike TrudellNo Comments
World

US designates 4 more Chinese media organizations as ‘state propaganda outlets’

The Trump administration announced on June 22 that it was designating four more Chinese media organizations as “propaganda outlets”, putting them on par with diplomatic missions, in a new round of restrictions likely to lead to some form of retaliation from China.David Stilwell, the State Department's assistant secretary for East Asia and Pacific affairs, said that China Central Television, China News Service, People's Daily and the Global Times would have to report details of their US staffing and what their US real estate holdings are to the State Department.“In designating these outlets as foreign missions, we are formally recognizing the China party state’s effective control over so-called media entities, including those that operate here in the United States,” Stilwell told reporters....
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China loses landmark WTO dispute against EU over market-economy status
24Jun mmBy Walter ParezNo Comments
China, Market

China loses landmark WTO dispute against EU over market-economy status

In a landmark development, China has lost a dispute to the European Union at the World Trade Organization (WTO) for a market economy status, as the former allowed the dispute to lapse.China spent four years fighting for market-economy status, a designation that would give it stronger footing with commercial partners while also curtailing their ability to retaliate over trade disputes.The Chinese government allowed a landmark World Trade Organization dispute — aimed at forcing the European Union to recognize it as a market economy in trade investigations — to lapse on June 15.The case was initially brought in 2016 and China lost an interim ruling on the matter last year.A note by the WTO Secretariat said: "At the request of China, the panel suspended its work on 14 June 2019 (WT/DS516/13). ...
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[Market] Oil prices falls on U.S.-China tensions over Hong Kong
20Jun By Desk TeamNo Comments
Asia, Market

[Market] Oil prices falls on U.S.-China tensions over Hong Kong

Soon after U.S President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong, oil prices took a drastic downturn on Wednesday.Brent crude fell 47 cents, or 1.3%, to $35.70 a barrel by 1106 GMT and U.S. West Texas Intermediate (WTI) crude was down 32 cents, or almost 1%, at $34.03. “As much as oil fundamentals are improving, there are still several flies in the bullish ointment. They include the latest uptick in U.S.-China tensions,” said Stephen Brennock of oil broker PVM.“The threat of a fresh U.S.-China trade war is no longer just a tail risk and could spell disaster for risk assets,” he added.Gloomy forecasts over the economic impact of the pandemic also weighed on crude prices.The euro zone economy is likely to shrink between 8% and 12% t...
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Oil prices falls on U.S.-China tensions over Hong Kong
27May mmBy Mike TrudellNo Comments
Asia, China, Market

Oil prices falls on U.S.-China tensions over Hong Kong

Soon after U.S President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong, oil prices took a drastic downturn on Wednesday.Brent crude fell 47 cents, or 1.3%, to $35.70 a barrel by 1106 GMT and U.S. West Texas Intermediate (WTI) crude was down 32 cents, or almost 1%, at $34.03. “As much as oil fundamentals are improving, there are still several flies in the bullish ointment. They include the latest uptick in U.S.-China tensions,” said Stephen Brennock of oil broker PVM.“The threat of a fresh U.S.-China trade war is no longer just a tail risk and could spell disaster for risk assets,” he added.Gloomy forecasts over the economic impact of the pandemic also weighed on crude prices.The euro zone economy is likely to shrink between 8% and 12% t...
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