War
China announced on 5th March that its economic growth has been lowered to between 6% and 6.5% for the year 2019. Last year’s growth was 6.5%. So, if the country’s GDP this year hits the lower bracket of 6%, it would be the slowest pace of economic growth in almost three decades. The situation has […]
... written on Mar 06 2019Russian Ambassador to the United Nations, Vassily Nebenzia, revealed on Tuesday (Feb 26) that the United States is preparing to overthrow the stubborn Venezuelan President Nicolas Maduro – through military intervention. Speaking at the U.N. Security Council meeting, Russia warned that the country’s sovereignty should be respected. On the same day, Nikolai Patrushev, secretary […]
... written on Feb 27 2019Singapore is a trade-dependent country. The Republic’s growth prospects are closely tied to the outlook for the global economy and trade. On Thursday (Jan 17), it announced a disappointing export number – fell by 8.5% instead of economists’ expectation of a 2% rise in December. That number is the worst decline in more than two years […]
... written on Jan 17 2019One of the important goals President Donald Trump decided to launch a trade war with China last year was to narrow the trade deficit gap. He promised during his presidential campaign and after he entered the White House that he would seek to reduce massive U.S. trade deficits with China. However, based on the latest […]
... written on Jan 15 2019Apple – America’s first trillion-dollar company – is now worth only US$720 billion. The technology giant recently revised its first quarter sales forecast downward, blaming the global economic slowdown, Trump’s trade war and a slowdown in the Chinese market. CEO Tim Cook should blame the company itself instead for greedily raising the iPhone prices. […]
... written on Jan 13 2019Dell CEO Michael Dell warned in July last year that the U.S. and China face a “mutual assured destruction” if trade relations collapse, adding that “no one will win” a trade war. But judging by Donald Trump and Xi Jinping’s latest antics, losing face is not an option. In denial, the U.S. president even said […]
... written on Jan 03 2019Kim Jong-un told South Korea’s Moon Jae-in in a New Year’s letter that he wants to meet with Moon “frequently” next year and vowed to work on “denuclearization” of the Korean Peninsula together. Similarly, the North Korea dictator also reportedly has sent a “conciliatory message” to Donald Trump, believed to be sweet talks on denuclearization. […]
... written on Dec 31 2018Donald Trump is perhaps the best U.S. president Americans have ever voted for who wanted to “Make America Great Again”. One of his projects is to fix the U.S. trade deficit with China. Americans have every reason to be angry with the Chinese. They have stolen U.S. technology and secrets, even robbed millions of American […]
... written on Dec 15 2018Those who live in glass houses should not throw stones, says a popular Western proverb. But as trade war between the United States and China escalates, the business world was shocked at the arrest of Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, in Vancouver, Canada, while she was transferring flights in the country. […]
... written on Dec 13 2018When Prime Minister Shinzo Abe visits Beijing in October to mark the 40th anniversary of the Treaty of Peace and Friendship between the two countries, it appeared that Japan and China have put aside territorial disputes in the East China Sea as part of a new effort to improve ties. But all those efforts are about to […]
... written on Dec 12 2018
