MarketWatch.- President Donald Trump and White House trade advisor Peter Navarro would like to see U.S. companies’ manufacturing operations come back home. Navarro noted recently that the administration is working on a phase-four stimulus package of at least $2 trillion that would focus on strengthening American manufacturing and include incentives for U.S. companies to reshore operations. The goal reportedly is to push legislation through Congress before its August recess.
BBC.- The world’s two biggest economies have become less competitive due to their ongoing trade war, which seems to have no short-term resolution in sight.
La República.- Protegidos con trajes de bioseguridad, cuatro médicos de China realizaron ayer por la mañana una inspección al hospital COVID-19 Honorio Delgado Espinoza de Arequipa.
En marzo de 2020, el Índice de Comercio Marítimo de la Ruta de la Seda http://www.msri.cn/xyEnIndexView (STI) mostró que el comercio global de importación y exportación de China para el mes bajó un 3,92% interanual. Esto comprendió que el comercio de exportación cayó un 6,81% interanual; y el comercio de importación bajó un 0,47% interanual.
En los últimos años, Vietnam ha crecido en popularidad entre los inversores de “China +1”.
MarketWatch.- President Donald Trump on Friday said he’s having “a very hard time with China” and hasn’t decided how to handle the international trade relationship, following a call between top trade representatives of the two nations.
Bloomberg.- Sell in May and go away? The negative start to the month raises concern that the partial recovery in April is going to be about as good as it gets for risk assets.
BBC.- China’s economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close.
La República.-La asombrosa y rápida construcción de un hospital para atender a pacientes con coronavirus en China se replicará en Cusco. Se trata de un proyecto que busca atender a aquellos pacientes que sean diagnosticados con esta contagiosa enfermedad y los reportados con dengue. Esta última lleva 252 infectados en la región imperial.
El Comercio.- No se esperaba menos. Pese al complicado 2019, marcado por la tensión comercial en el mundo, las exportaciones peruanas lograron resultados importantes.
BBC.- Car sales in China fell 92% in the first half of February as the coronavirus shutdown took its toll, according to an industry trade body. Car dealerships have remained closed while buyers have stayed away to prevent the spread of the deadly virus.
BBC.- A large number of China’s factories remain closed today even as millions of people return to work after the Lunar New Year holiday was extended due to the coronavirus.
Bloomberg.- Plenty of experts have lived to regret their predictions of the downfall, the collapse — the peak of anything China. But here it is. A bold call for the ages: We very likely have just witnessed Peak China (as an export powerhouse).
BBC.- China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut to 5% from 10%, and on others from 5% to 2.5%.
El Economista América.- Para el presente año se espera que nueve productos agropecuarios peruanos ingresen al mercado chino, nuestro principal socio comercial, una vez se superen los protocolos sanitarios, así lo informó el Centro de Comercio Exterior (CCEX) de la Cámara de Comercio de Lima (CCL).
MarketWatch.- The trade deficit fell slightly in 2019 to mark the first decline in six years, mostly reflecting U.S. tariffs on Chinese goods that reduced the flow of imports from the Asian giant.
Bloomberg.- The U.K. government asked its citizens to leave China, while Hong Kong reported a death from the coronavirus, confirming the second fatality outside the mainland. More than 20,600 cases have now been reported, an increase from about 17,000 the previous day.
La República.- Un eventual “cierre de fronteras” con China, como medida contra el coronavirus, no tendría impacto en el turismo. El presidente de la Asociación de Agencias de Viajes y Turismo de Arequipa (AVIT), Jorge Valderrama, expresó que los viajeros del país oriental solo representan el 1 % de visitantes extranjeros.
BBC.- Fears over the coronavirus triggered a sharp fall in Chinese shares when the market reopened after the Lunar New Year holiday. The Shanghai Composite index closed nearly 8% lower, its biggest daily drop for more than four years.
Bloomberg.- China’s pledge to boost imports from the U.S. under a recently signed trade deal could end up costing the European Union about $11 billion next year.
BBC.- The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be “transformative” for the US economy.
El Comercio.- El inicio de la guerra comercial, que influyó en la ralentización de la economía mundial, se remonta a marzo del 2018, cuando el presidente estadounidense Donald Trump anunció que su gobierno elevaría los aranceles a 1.300 productos chinos. En respuesta, el gigante asiático informó que sumaría 106 artículos estadounidenses a una lista de insumos a los que se les impondrían aranceles del 25% sobre el producto en sus impuestos de ingresos.
Bloomberg.- The Chinese trade delegation plans to sign the first phase of its trade deal with the U.S. in Washington on Jan. 15, according to people familiar with the matter.
BBC.- Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January. The pact, a “phase one” deal, is expected to reduce tensions between the two economic giants.
Bloomberg.- China’s had another record year of corporate bond defaults. That’s not a crisis. It’s a plan. A decade ago, defaults almost never happened, but that wasn’t because companies in China were always healthy. It was a reflection of the tightly controlled financial system, where companies were often linked to the government and bonds were largely bought by state-owned lenders. Authorities have often stepped in to ensure that financially troubled enterprises didn’t crash into default, out of concern over social unrest in the event of job losses or missed payroll payments.
BBC.- China will cut tariffs on hundreds of products ranging from frozen pork to high-tech parts next year, lowering trade barriers to support the economy. In a statement, Chinese authorities said import tariffs on 859 items would be reduced from 1 January.
Bloomberg.- China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system.
BBC.- Asian stock markets rose on Friday as the US and China moved toward striking a trade deal to avert a new round of tariffs. The deal could be announced later in the day, after US President Donald Trump reportedly signed off on the terms.
BBC.- Competition from China in the early 2000s nearly killed SG Companies, a family-owned footwear business that was founded almost 125 years ago. Now Donald Trump’s trade war could finish it off.
Bloomberg.- Chinese officials expect the U.S. will delay a threatened tariff increase set for Sunday as both sides focus on de-escalating tensions by cutting import taxes currently in place rather than removing specific products from the target list, according to people familiar with the matter.