Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected "economic deceleration" in China and emerging markets.
China’s economic performance in 2018 was rather disappointing. According to official statistics, the country’s growth rate up to the end of the third quarter was 6.7 percent, the lowest since the global financial crisis.
In 1950, the Canadian-born Princeton University economist Jacob Viner explained a customs union produces a “trade creation” effect, as lower tariffs and non-tariff barriers spur increased flows of goods among member countries.
China heads into the new year with its factories back in contractionary territory as the threat of a prolonged trade war dampens sentiment and stimulus struggles to gain traction.
A United States (US) government delegation will travel to Beijing in the week of 7 January to hold trade talks with Chinese officials, two people familiar with the matter said.
United State (US) President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.
In recent years, we have seen the renewal of a phenomenon that seemed to have passed into history with the end of the Cold War: fierce and potentially violent competition between the most powerful countries on the globe.
An Asia-Pacific summit ended in tumult after the United States (US) and China failed to agree on language in a final statement, the latest sign that a trade war between the world’s biggest economies won’t end anytime soon.