economics


Trump contradicts Mnuchin over China’s currency manipulator label

US President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing’s foreign exchange practices. In an exclusive interview with Reuters, Trump said he has not “held back” in his assessment that China manipulates its yuan currency, despite not acting on a campaign promise to declare it a currency manipulator on his first day in......

Global stocks falter, dollar off on Fed minutes

Global stocks pulled back from record highs on Wednesday while the dollar declined after minutes from the US Federal Reserve offered little to support the notion of an interest rate increase in March. The perceived less hawkish tone of the Fed’s record of the January 31-February 1 policy meeti...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


politics


‘Urgent Action’ for Falun Gong Practitioner Facing Life Imprisonment in China

Human rights organization Amnesty International has issued an “urgent action update” for a Falun Gong practitioner who is facing life imprisonment. Chen Huixia, who is around 60 years old, was arrested under dubious conditions and is now facing three years to life in prison. A previous report from The Epoch Times says she was arrested for practicing Falun Gong, also known as Falun Dafa. Falun Gong is a traditional meditation discipline that was practiced freely by tens of millions in China before former Chinese leader Jiang Zemin ordered the discipline suppressed in 1999. JiangR...