Chinese market

WASHINGTON | Record imports push US trade gap to $55.5 billion in October

WASHINGTON — Record imports in October drove the U.S. trade deficit to the highest level in a decade. The Commerce Department said Thursday that the gap between the United States sells and what it buys from foreign countries hit $55.5 billion in October, the fifth straight increase and highest since October 2008. The politically sensitive … Continue reading WASHINGTON | Record imports push US trade gap to $55.5 billion in October

MADRID | Spain honors visit of China’s Xi, inks business deals

MADRID— Spain has rolled out the red carpet for visiting Chinese President Xi Jinping, who is seeking global allies amid souring trade clashes with Washington. Xi and King Felipe VI have reviewed Spain’s guard of honor at the Royal Palace in the Spanish capital while Chinese First Lady Peng Liyuan and Spanish Queen Letizia observed … Continue reading MADRID | Spain honors visit of China’s Xi, inks business deals

BEIJING | Dolce&Gabbana fiasco shows importance, risks of China market

BEIJING— Don’t mess with China and its growing cadre of powerful luxury consumers. Dolce&Gabbana learned that lesson the hard way when it faced a boycott after Chinese expressed outrage over what were seen as culturally insensitive videos promoting a major runway show in Shanghai and subsequent posts of insulting comments in a private Instagram chat. … Continue reading BEIJING | Dolce&Gabbana fiasco shows importance, risks of China market

BEIJING | China says in ‘communication’ amid report of Trump-Xi meet

BEIJING  — China said Friday it is in contact with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world’s two largest economies. Foreign ministry spokesman Lu Kang … Continue reading BEIJING | China says in ‘communication’ amid report of Trump-Xi meet

WASHINGTON | IMF downgrades outlook for world economy to 3.7 pct. growth

WASHINGTON— The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The IMF said Monday that the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting for 2018 in July. It … Continue reading WASHINGTON | IMF downgrades outlook for world economy to 3.7 pct. growth

WASHINGTON | Trump plays down prospect of successful US-China trade talks

WASHINGTON (AP) — President Donald Trump on Thursday played down the prospect of successful trade talks with China and said the Asian economic powerhouse has become “very spoiled.” Trump, in response to questions from reporters during his White House meeting with NATO’s secretary- general, said the United States has been losing $500 billion a year … Continue reading WASHINGTON | Trump plays down prospect of successful US-China trade talks