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Red Hat deal makes China’s tech giants chase clouds

Written by Tony Harkén on fredag, 02 november 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

‘For Chinese business leaders, the hesitation to adopt cloud technologies isn’t just an IT issue – it’s at the root of a much larger problem’.

“Cloud will provide the digital infrastructure of tomorrow’s cities, where an estimated six billion of the world’s population will live by 2045,” Joy Tan, who leads the communications and branding team at Huawei, the Chinese telecom group, said. “Smart elevators and parking lots, driverless cars and drone taxis, trains and subways, farms and power plants – all will be safer and better managed, thanks to the cloud’s ability to store and analyze data.”

Read more at - Red Hat deal makes China’s tech giants chase clouds

Trade war cost

Written by Tony Harkén on tisdag, 16 oktober 2018. Posted in Kina, Artiklar om Kina, Main 1, Right bottom - 8st

China's third quarter GDP growth seen hitting lowest since 2009 - Reuters poll

At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis.

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Warning shot? China sells US Treasury bonds amid trade war

Written by Tony Harkén on söndag, 14 oktober 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

China has sold $3 billion of sovereign dollar bonds.

This is only the third such move by Beijing in the last 14 years, and the first involving bonds with a 30-year maturity.

China sold $1.5 billion of five-year bonds at 3.25 percent, $1 billion of 10-year bonds at 3.5 percent, and $500 million of 30-year bonds at four percent, the Finance Ministry said on Friday, as quoted by Reuters.

Read more at -https://on.rt.com/9ge2

BMW to buy control of China venture in 'new era' for foreign carmakers

Written by Tony Harkén on lördag, 13 oktober 2018. Posted in Kina, Artiklar om Kina, Main 4, Right bottom - 8st

Germany's BMW will pay 3.6 billion euros (US$4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market.

The luxury carmaker said on Thursday it would increase its stake in its venture with Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent, with the deal closing in 2022 when rules capping foreign ownership for all auto ventures are lifted.

Read more at - www.channelnewsasia.com/news/business/bmw-to-buy-control-of-china-venture-in--new-era--for-foreign-carmakers-10819416

Why China’s richest flock to Australia – even if they’re not always welcome

Written by Tony Harkén on tisdag, 09 oktober 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

Ultra-wealthy Chinese are leaving a trail of dollars across Australia, boosting sectors from property and education to luxury goods – but not everyone is happy about it.

Australia’s relationship with its biggest trade partner, China, has seen better days.

Australia was the world’s No 1 migration destination for millionaires last year, according to the 2018 Global Wealth Migration Review from AfrAsia Bank. More than 10,000 high-worth individuals migrated to Australia last year, mostly from China, India and the UK. And about 90 per cent of the visas Australia issued to high-worth investors – those who invest more than A$5 million (US$3.6 million) locally – were for Chinese nationals.

Read more at - www.scmp.com/week-asia/society/article/2163540/why-chinas-richest-flock-australia-even-if-theyre-not-always

China pumps $109bn into economy as trade war bites on growth

Written by Tony Harkén on måndag, 08 oktober 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

China pumps $109bn into economy as trade war bites on growth

Central bank slashes the reserve requirements for banks, freeing extra cash for infrastructure and businesses.

China has slashed the amount of cash some of its banks must hold in reserve as Beijing’s leadership seeks to bolster a flagging economy.

Read more at - www.theguardian.com/world/2018/oct/07/china-pumps-109bn-into-economy-as-trade-war-bites-on-growth

East Asia continues to lead on ‘token economy’ networks

Written by Tony Harkén on söndag, 07 oktober 2018. Posted in Kina, Artiklar om Kina, Left 1, Right bottom - 8st

Japanese internet giant LINE will launch a digital currency for its 217 million users, and Korean message app leader Kakao plans a similar platform.

Despite the bearish market conditions, competition is heating up among Asian internet companies that are vying to enter the crypto network space, with chat app LINE among those leading the way.

More information at - https://linecorp.com/en/pr/news/global/2018/20

Read more at - www.atimes.com/article/east-asia-continues-to-lead-the-way-on-token-economy-nets/

China halts all oil imports from US amid escalating trade war

Written by Tony Harkén on fredag, 05 oktober 2018. Posted in Kina, Artiklar om Kina, Main 3, Left 1, Right bottom - 8st

America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow.

While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude from the US.

China’s crude oil imports from America reached an average of 334,880 barrels per day through August, making Beijing the second-largest buyer of US oil after Canada.

Read more at - https://on.rt.com/9fqg

Trieste aims to be China’s main port in Europe

Written by Tony Harkén on torsdag, 04 oktober 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

The Chinese are keen to invest in new terminals, docks, yards, logistics platforms and industrial areas.

In the northern Italian port, given its deeper integration into EU rail networks than Piraeus, the Greek port taken over by Cosco in 2016.

A seaport city of just over 200,000 residents in northeast Italy could play a significant geopolitical role in promoting Eurasian integration.

The port of Trieste is only the 11th busiest in Europe by tonnage, but nonetheless is designed to become the western end of the Maritime Silk Road, a key section of Chinese President Xi Jinping’s Belt and Road Initiative to improve connectivity between China and Western Europe.

Read more - www.atimes.com/article/trieste-challenges-piraeus-to-become-chinas-main-port-in-europe/

China to cut import tariffs on wide range of products

Written by Tony Harkén on onsdag, 03 oktober 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.

Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States.

Read more at - www.reuters.com/article/us-china-economy-tariffs/china-to-cut-import-tariffs-on-wide-range-of-products-idUSKCN1MA0HJ

Trade war may boost Chinese economy & hurt US growth – ECB

Written by Tony Harkén on torsdag, 27 september 2018. Posted in Kina, Artiklar om Kina, Main 1, Main 5 - 3st

The United States will have most to lose if it starts a trade war with other countries, while China would be better off after retaliating, research from the European Central Bank shows.

The study simulated a ten percent US tariff on all imports and an equivalent retaliation from other countries.

Read more at - https://on.rt.com/9f3y

‘Totally unacceptable’: Beijing vows retaliation if US taxes $200bn of Chinese goods

Written by Tony Harkén on torsdag, 12 juli 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests.

“The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures.”

Read more at - https://on.rt.com/99t7

Trade war could hurt these economies far more than U.S., China

Written by Tony Harkén on torsdag, 05 juli 2018. Posted in Kina, Artiklar om Kina, Main 3, Main 5 - 3st

Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.

A model by economists at Pictet Asset Management in London reckons a 10 percent tariff on U.S. trade fully passed on to the consumer could tip the global economy into a state of stagflation and knock 2 and a half percent off corporate earnings.

Read more at - www.reuters.com/article/us-global-trade-valuechains/trade-war-could-hurt-these-economies-far-more-than-u-s-china-idUSKBN1JV0GL

China will counterpunch US with $34 billion in tariffs – report

Written by Tony Harkén on onsdag, 04 juli 2018. Posted in Kina, Artiklar om Kina, Main 3, Left 2 - 3st

Beijing has prepared reciprocal tariffs against the United States, which will be introduced on the same day Washington implements tariffs on $34 billion of Chinese imports, according to Reuters.

“Our measures are equal and being equal means that if the US starts on July 6, we start on July 6,” a source in Beijing told Reuters. “The implementation time for all policies starts at midnight.”

On June 15, the Trump administration said it would introduce additional 25-percent duties on 818 items of Chinese imports worth $34 billion on July 6.

Read more at - https://on.rt.com/993c

China expected to become largest 5G market by 2025: Report

Written by Tony Harkén on måndag, 02 juli 2018. Posted in Kina, Artiklar om Kina, Main 1, Right bottom - 8st

China is expected to become the world's largest 5G market by 2025.

Accounting for 430 million 5G connections, or one-third of the global total, according to a report released on Friday.

Read more at - https://economictimes.indiatimes.com/news/international/business/china-expected-to-become-largest-5g-market-by-2025-report/articleshow/64788591.cms

Australia & China on Pacific Ocean collision course & no one’s talking about it

Written by Tony Harkén on tisdag, 20 mars 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

Australia has ramped up anti-Chinese rhetoric, challenging Beijing over its growing influence in the Pacific. Trump’s pick for ambassador to Australia, stalwart anti-Chinese Adm. Harris, paints a clear picture of what’s to come.

In 1900, then-Senator Albert Beveridge famously said to lawmakers in Washington that “the power that rules the Pacific, is therefore the power that rules the world.

As recent developments will demonstrate, this imperialist sentiment continues over 100 years later to the present day. The battle for control over the Pacific is taking place right before our very eyes and is placing both Australia and China in a precariously confrontational position, though the mainstream media refuses to pay due focus to the issue.

Read more at - https://on.rt.com/91em

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