The strength of the agreement can be best judged by the fact that neither side will change a single law or regulation. Instead, there is a series of ad hoc decisions to lower some tariffs, buy a few things and water down punitive rules on both sides. For example, the US removed China from its “currency manipulator” list, Beijing made another unenforceable promise to not steal technology and US financial companies received some access concessions. All of these measures are reversible. The main accomplishment has been that President Trump will be able to claim to US workers that he scored over China on the trade front. … [Read more...] about The limits of the US-China deal | HT Editorial
China trade why
According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 2.549 million barrels during the week ending Jan. 10, more than the market expected fall of 0.474 million barrels, implying greater demand and bullish for crude prices. … [Read more...] about Roundup: Weekly oil prices slip amid optimism on U.S.-China trade, concerns over market glut
They agreed to hasten the implementation of the China Myanmar Economic Corridor, a giant infrastructure scheme worth billions of dollars, with agreements on railways linking south-western China to the Indian Ocean, a deep sea-port in conflict-riven Rakhine state, a special economic zone on the border and a new city project in the commercial capital of Yangon. … [Read more...] about China and Myanmar sign raft of deals as Xi Jinping courts an isolated Aung San Suu Kyi
The main focus of the agreements signed after the talks between the two leaders appeared to be on the implementation of the China Myanmar Economic Corridor (CMEC) which is akin to the USD 60 billion-dollar China-Pakistan Economic Corridor (CPEC) under which China looks to access Pakistan’s Gwadar port in the Arabian sea. … [Read more...] about Belt and Road Initiative gets major boost as China and Myanmar ink 33 deals
Has the virus been seen in people outside China?On January 8, a 61-year-old woman who had travelled from Wuhan to Thailand was hospitalised and mild pneumonia was diagnosed. Thermal surveillance at the one of the airports in Bangkok detected the febrile illness of the traveller. Subsequent testing confirmed that the woman, a Chinese national, was that country’s first imported case of a ‘novel’ coronavirus infection. She had not visited the Wuhan seafood market but instead another market where freshly slaughtered animals are sold. A second case was seen in Thailand on Friday, January 17 in a 74-year-old Chinese woman who travelled from Wuhan. On January 16, Japan reported a case of a man in his 30s who was infected with the new coronavirus. He has been discharged from hospital. … [Read more...] about What is the source of the new SARS-like disease reported in China?