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News About World Trade
August 14, 2017
Ahead of NAFTA talks, Canada looks to U.S. Midwest
Washington (UPI) Aug 11, 2017
Canadian leaders said they were keen to build trade ties in the U.S. Midwest in the days leading up to negotiations on the North American Free Trade Agreement. Chris Nielsen, a member of the legislative assembly from Edmonton, Alberta, leads a delegation on behalf of Trade Minister Deron Bilous to Minnesota to discuss the partnership with the 11 states that compromise the U.S. Midwest: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin ... read more

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Treadmills to karaoke -- China goes sharing crazy
Backed by a torrent of venture capital, China has gone sharing mad with everything from treadmills to karaoke booths and napping capsules all up for short-term rent - and at the click of a smartphone. ... more
McDonald's to nearly double outlets in China
Fast food giant McDonald's said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing US sales. ... more
US finds Chinese aluminum foil subsidized, slaps duties
The US Commerce Department announced Tuesday it was imposing preliminary duties ranging from 16.5 to 81 percent on aluminum foil imports from China after finding they were subsidized. ... more
China factory gate inflation misses expectations in July
China's factory price inflation remained steady for the third consecutive month in July, the government said Wednesday, coming in slightly below expectations as experts warn of a further slowdown in the world's second-largest economy. ... more
China's Xi calls for more imports and more 'open economy'
Chinese President Xi Jinping has called for an increase in imports and fewer restrictions for foreign investors as Beijing comes under pressure from the US and Europe to provide a more level playing field for companies in the country. ... more
Chinese export, import growth rates slow in July
Chinese trade growth slowed significantly in July compared to the previous month, official data showed Tuesday, coming in well below expectations after months of steady momentum. ... more
Canada to protect national interests during NAFTA talks
As energy trade groups enter the fray, Canadian Prime Minister Justin Trudeau told leaders national interests would be protected during NAFTA negotiations. ... more
Hong Kong tycoon Li 'cautious' as profits rise
Hong Kong tycoon Li Ka-shing's flagship CK Hutchison on Thursday saw profits up seven percent in the first half of 2017, boosted by its European telecoms operations. ... more

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'Clear' risk of trade war from protectionist policies: WTO chief
There is a "clear" risk of a trade war happening because of protectionist policies, the World Trade Organization chief Roberto Azevedo said Wednesday. ... more
Standard Chartered profits leap 93% in first half of year
Asia-focused bank Standard Chartered on Wednesday said pre-tax profits were up 93 percent in the first half of the year as it continues to rally after job cuts and restructuring. ... more
China orders Anbang to sell Waldorf Astoria, other foreign assets: report
China has ordered Anbang Insurance Group, the conglomerate which owns New York's historic Waldorf Astoria hotel, to sell its overseas assets, Bloomberg News reported Monday. ... more
Amazon's Jeff Bezos becomes world's richest person - briefly
Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. ... more
China factory activity gathers steam in July: Caixin
China's manufacturing activity increased last month as both production and new order rates grew rapidly, independent figures showed Tuesday, but analysts warned the economy still faces headwinds from policy tightening. ... more
Macau casinos rack up year of gains as VIPs return
Macau casinos Tuesday posted a 12th consecutive month of gains thanks to mass tourism and a resurgence of high rollers, a stellar turnaround after takings plunged in the wake of China's corruption crackdown. ... more
Hong Kong firm beats Brexit blues with record City skycraper deal
A Hong Kong firm struck a record deal for a London skyscraper on Thursday amid a rise in foreign investment in property since the Brexit vote, but a slump in domestic demand hit the profits of real estate agent Foxtons. ... more
China manufacturing expansion slows in July
China's manufacturing activity faltered in June, official data showed Monday, as experts warn of a slowdown in the world's second largest economy. ... more

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Washington plans trade measures against China: report
The United States is planning to take trade measures against China to force it to crack down on theft of intellectual property, the Wall Street Journal reported late Tuesday. ... more
China tells Trump not to link trade to N. Korea
China said Monday the US should not link trade to discussions about North Korea's nuclear programme, after President Donald Trump accused Beijing of failing to restrain Pyongyang despite profiting from business with America. ... more
Trump action on China trade likely to have broad support
The sanctions that President Donald Trump is poised to slap on China for stealing intellectual property from US firms should earn broad support, allowing him to rebuild a power base in Congress sapped by the recent battle over health care. ... more
Starbucks takes full control of China stores in $1.3 bn deal
US coffee chain Starbucks has announced it will take full control of its mainland China outlets in a $1.3 billion deal, the largest single acquisition in the company's history. ... more
Economic rebound bypasses Spain's poorest neighbourhood
Elvira Montadas pushes her neighbour in a wheelchair along a badly paved sidewalk, past crumbling buildings, in return for some pocket change. ... more
S. Korea's growth slows in Q2 amid falling exports
South Korea's economic growth slowed in the past quarter, the central bank said Thursday, as a diplomatic row with top trading partner China over a US missile shield hit exports. ... more
China to change state-owned firms into corporations
China said Wednesday it would move to transform all state-owned companies into corporations by the end of this year, as part of efforts to reform the sclerotic industrial giants. ... more
China cashing out as mobile payment soars
Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing. ... more
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