An all-out trade war with China would cost Australia 6% of GDP
Dec 01, 2020 09:14 am UTC| Economy
China accounts for more than a third of export dollars earned by Australia. The figures, for the 12 months to October, cover the period of coronavirus disruptions and disputes over trade. They apply to physical...
US legislators to vote on bill that may delist Chinese firms
Nov 30, 2020 23:15 pm UTC| Economy Law
The US House of Representatives is set to vote on a bill threatening to boot Chinese companies, including behemoths like Alibaba and Baidu, out of American stock markets. The bill, entitled Holding Foreign Companies...
Japan, China hope travel restart would boost economies
Nov 30, 2020 22:10 pm UTC| Economy
Japan and China are hopeful that the easing of border controls and compulsory 14-day quarantine requirements to expedite their economic recoveries. The two countries started accepting visa applications for business...
South Korea's tariffs on Japanese steel found illegal by WTO
Nov 30, 2020 18:32 pm UTC| Economy
The World Trade Organization (WTO) ruled that South Korea violated the international anti-dumping agreement when it renewed a series of 15.39 percent duties on Japanese stainless steel bars in 2017. According to the WTO...
China imposes 212% tariffs on Australia's wine, claims dumping
Nov 29, 2020 19:22 pm UTC| Economy
Chinese regulators would impose tariffs of between 107.1 and 212.1 percent on Australian wines after finding preliminary evidence of dumping, causing material damage to the domestic wine industry in China. An...
Oil price reaches highest level since March due to promising vaccine, Biden transition
Nov 25, 2020 23:02 pm UTC| Economy
Oil surged to $47 a barrel Tuesday, its highest level since in March on Tuesday, due to AstraZenecas promising coronavirus vaccine that spurred demand recovery hopes and US President-elect Joe Bidens transition to the...
Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December
Nov 25, 2020 13:05 pm UTC| Commentary Economy
Taiwanese MIB and M2 money supply continued to record solid growth in the month of October. On a year-on-year basis, MIB money supply grew 12.85 percent, while M2 money supply rose 7.05 percent in the month. This is the...
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