EU Seen Losing $11 Billion in China Exports After Phase-One Deal
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.
China
US and China sign deal to ease trade war
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.
EE.UU. y China firman hoy “fase 1’”de acuerdo comercial: ¿Cómo impactará en el Perú?
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.
China Plans to Send Team to U.S. for Jan. 15 Deal Signing
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.
Trump sets date for signing US-China ‘deal’
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.
China’s Government Is Letting a Wave of Bond Defaults Just Happen
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.
China to cut import tariffs on pork and tech parts
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.
China Liquidity Jitters Are About to Test Bond Market Again
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.
Trump ‘signs off’ on deal to pause US-China trade war
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.
Trump tariff deadline looms: ‘It’s very scary’
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.
China Sees U.S. Postponing Dec. 15 Threat as Tariff Cuts Debated
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.
Desaceleración de China continuaría en el 2020
Artículo de Katherine Salazar, publicado en el Reporte Semanal (del 2 al 6 de diciembre del 2019) del Departamento de Estudios Económicos del Scotiabank. La economía china se ha ido deteriorando durante el 2019 producto del conflicto comercial con EE.UU. El crecimiento de los últimos cinco años promediaba 6.9%; sin embargo, la percepción de un crecimiento horizontal cambio hacia una “desaceleración”. En el 3T19 la economía china creció 6%, el menor crecimiento durante los últimos 27 años, y el país espera crecer en un rango entre 6.0%-6.5% este año, esperando un registro menor al 6% en el último trimestre.
EE.UU. está cerca de firmar un acuerdo con Lima para contrarrestar influencia china
América Economía.- Perú está cerca de firmar un acuerdo para impulsar las inversiones de Estados Unidos en infraestructura y energía en el país, una iniciativa de Washington para contrarrestar la influencia china en la región, dijo una diplomática peruana.
U.S. trade deficit falls 7.6% in October to 16-month low on decline in Chinese imports
MarketWatch.- The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant.
China Hints U.S. Blacklist Imminent in Threat to Trade Talks
Bloomberg.- Chinese state media said the government would soon publish a list of “unreliable entities” that could lead to sanctions against U.S. companies, signaling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang.
Will the US’s Hong Kong rights law derail trade talks?
BBC.- A US law supporting pro-democracy protesters in Hong Kong may unsettle trade talks with China, but is unlikely to derail them, analysts say. The US president has signed into law a bill that requires an annual review of Hong Kong’s special status with the US.
Potential US-China trade deal could remove tariffs
BBC.- The US and China have reportedly agreed to roll back tariffs as part of any new trade deal. The reports come amid rising hopes that the two countries will sign a pact that declares an end to a trade fight that has disrupted the global economy.
US economic growth slowest this year
BBC.- US economic growth slowed down in the third quarter, but beat some economists’ expectations. An official estimate put GDP growth at 1.9% during the quarter, ahead of the 1.6% predicted by some economists.
China economy: Third quarter growth misses expectations
BBC.- China’s economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand. In the three months to September, the economy expanded 6% from a year earlier, official figures showed.
El Perú y China concluyen cuarta ronda para la optimización de su acuerdo comercial
El Comercio.- La cuarta ronda de negociación para la optimización del Tratado de Libre Comercio (TLC) entre el Perú y China culminó y se consiguió “avance significativo”, informó hoy el Ministerio de Comercio Exterior y Turismo (Mincetur).
U.S. may go further than just cutting capital flows to China, warns Ray Dalio
MarketWatch.- Ray Dalio, the founder of the world’s largest hedge fund, says the Trump administration may be “inching toward bigger moves” in its tit-for-tat trade hostilities against China, amid reports of limiting capital flows to Beijing.
China anniversary: How the country became the world’s ‘economic miracle’
BBC.- It took China less than 70 years to emerge from isolation and become one of the world’s greatest economic powers. As the country celebrates the anniversary of the founding of the People’s Republic of China, we look back on how its transformation spread unprecedented wealth – and deepened inequality – across the Asian giant.
Piura: región estará presente en el Asia Fruit 2019 a realizarse en Hong Kong
InfoMercado.- Asia Fruit Logistica 2019, principal feria internacional del continente asiático especializada en productos frescos, abrirá sus puertas declarando a Perú como su primer país invitado de honor, informó la Comisión de Promoción del Perú para la Exportación y el Turismo (PROMPERÚ).
Pecanas peruanas ingresarían a China el próximo año, según AGAP
Gestión.- Las exportaciones de pecanas peruanas llegarían al mercado chino el próximo año, como resultado de las gestiones para abrir los mercados del Asia a más productos peruanos, señaló el director ejecutivo de la Asociación de Gremios Productores Agrarios del Perú (AGAP), Gabriel Amaro.
Wary of Trump’s Flip-Flops, China Prepares for Worst on Trade
Bloomberg.- Perhaps nobody was more surprised to hear that China had called President Donald Trump’s administration to restart trade talks than the government in Beijing itself.
Trump says US and China to resume trade talks
BBC.- President Donald Trump has said the US and China will “very shortly” resume trade talks after a weekend of escalating tension with Beijing. “China called last night… said let’s get back to the table. So we’ll be getting back to the table,” he said.
China escalates US trade row with new tariffs
BBC.- China is set to impose a tariff of up to 10% on $75bn of goods imported from the US in a move that will increase tensions between the two superpowers. Agricultural goods, crude oil and small aircraft are among the products being targeted.
U.S. Stock Futures Drop as Hong Kong Spoils Mood: Markets Wrap
Bloomberg.- U.S. equity futures reversed an advance on Monday alongside European stocks as mounting unrest in Hong Kong weighed on investor sentiment. Treasuries and the yen extended gains while gold and the dollar both turned higher.
China exports rise despite simmering US trade row
BBC.- Chinese exports rose unexpectedly in July, beating expectations for a fall, as trade tensions with the US continued to simmer.
El oro: La estrella fugaz de los metales.
Artículo de Katherine Salazar, publicado en el Reporte Semanal (del 1 al 5 de julio del 2019) del Departamento de Estudios Económicos del Scotiabank. Desde que se intensificó la guerra comercial entre EE.UU. y China a inicios de mayo, el precio del oro empezó a subir considerablemente, superando la barrera de los US$ 1,300 por onza.