Hong Kong sees biggest protests since democrats’ election victory

Pro-democracy protesters march on a street as they take part in a demonstration on December 8, 2019 in Hong Kong, China. Vast crowds of black-clad demonstrators thronged Hong Kong on Sunday in the largest anti-government protests since local elections last month that boosted the pro-democracy movement seeking to curb controls by China. Stand with Hong Kong!” Riot police stood on guard, restrained as protesters yelled “dogs” and “cockroaches.” On Saturday, two leaders of the American Chamber of C


Pro-democracy protesters march on a street as they take part in a demonstration on December 8, 2019 in Hong Kong, China.
Vast crowds of black-clad demonstrators thronged Hong Kong on Sunday in the largest anti-government protests since local elections last month that boosted the pro-democracy movement seeking to curb controls by China.
Stand with Hong Kong!”
Riot police stood on guard, restrained as protesters yelled “dogs” and “cockroaches.”
On Saturday, two leaders of the American Chamber of C
Hong Kong sees biggest protests since democrats’ election victory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-08
Keywords: news, cnbc, companies, yelled, china, biggest, sees, hong, election, democrats, wish, chinese, city, demonstrators, victory, protests, protesters, prodemocracy, kong


Hong Kong sees biggest protests since democrats' election victory

Pro-democracy protesters march on a street as they take part in a demonstration on December 8, 2019 in Hong Kong, China.

Vast crowds of black-clad demonstrators thronged Hong Kong on Sunday in the largest anti-government protests since local elections last month that boosted the pro-democracy movement seeking to curb controls by China.

It was the first time since August that the Civil Human Rights Front – organizer of million-strong marches earlier in the year that paralyzed the Asian finance center – had received authorities’ permission for a rally.

It estimated turnout of 800,000 while police said 183,000.

Chants of “Fight for freedom! Stand with Hong Kong!” echoed as demonstrators, from students to professionals and the elderly, marched from Victoria Park in the bustling shopping district toward the financial area.

As dark fell, some protesters spray-painted anti-Beijing graffiti on a Bank of China building. Riot police stood on guard, restrained as protesters yelled “dogs” and “cockroaches.”

The former British colony of 7.4 million people reverted to Chinese rule in 1997. It is governed under a “One Country, Two Systems” formula guaranteeing freedoms not allowed in mainland China, but many fear Beijing is tightening the screws.

“It’s Christmas time soon but we’re not in the mood to celebrate anymore,” said Lawrence, a 23-year-old student.

He held a poster saying: “My 2020 wish is universal suffrage,” a reference to demands for an open vote on the city leader, currently the unpopular Beijing-backed Carrie Lam.

China blames the six months of unrest on interference by foreign governments including the United States and Britain.

On Saturday, two leaders of the American Chamber of Commerce in Hong Kong were denied entry to the neighboring Chinese city of Macau, without explanation.


Company: cnbc, Activity: cnbc, Date: 2019-12-08
Keywords: news, cnbc, companies, yelled, china, biggest, sees, hong, election, democrats, wish, chinese, city, demonstrators, victory, protests, protesters, prodemocracy, kong


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Managing China is NATO’s biggest challenge yet

China has emerged as the most formidable challenge that has ever faced NATO. That is true as well for the North American and European economies upon which NATO rests, which account for roughly half of global GDP. Most media focused on the theatrics of this week’s 70th anniversary summit of NATO’s now-29 members. The biggest news – though woefully underreported – was that NATO, history’s most enduring and successful alliance, for the first-time defined China as a strategic challenge. However, alt


China has emerged as the most formidable challenge that has ever faced NATO.
That is true as well for the North American and European economies upon which NATO rests, which account for roughly half of global GDP.
Most media focused on the theatrics of this week’s 70th anniversary summit of NATO’s now-29 members.
The biggest news – though woefully underreported – was that NATO, history’s most enduring and successful alliance, for the first-time defined China as a strategic challenge.
However, alt
Managing China is NATO’s biggest challenge yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: frederick kempe
Keywords: news, cnbc, companies, challenge, biggest, european, huaweis, summit, weeks, nato, trump, chinas, managing, united, china, natos, leader


Managing China is NATO's biggest challenge yet

China has emerged as the most formidable challenge that has ever faced NATO. That is true as well for the North American and European economies upon which NATO rests, which account for roughly half of global GDP.

Most media focused on the theatrics of this week’s 70th anniversary summit of NATO’s now-29 members. The biggest news – though woefully underreported – was that NATO, history’s most enduring and successful alliance, for the first-time defined China as a strategic challenge.

That news was drowned out by French leader Emmanuel Macron, who came into town having declared NATO brain dead; by Turkish leader Recep Tayyip Erdoğan, who responded that it instead was the French leader’s brain that was lifeless; by Canadian leader Justin Trudeau, who was caught mocking President Trump during allied cocktail hour; and by President Trump, who shrugged in response that the Canadian was two-faced.

As entertaining as all that was, more significant was that NATO allies have belatedly focused on the most significant challenge to world democracies and their market-driven economies in our new era of major power competition. However, although the closing NATO summit statement required unanimity, even more revealing is the ambiguity of its language, reflecting disagreement over whether Beijing is more of an economic opportunity than fundamental challenge.

“We recognize that China’s growing influence and international policies present both opportunities and challenges that we need to address together as an alliance,” it said.

That’s soft stuff considering that this authoritarian, state capitalist country has already become a global center of gravity – the world’s largest by population, ranking second only to the United States in military spending and, depending on what measure you like, is already or will soon be the largest economy on Earth.

The language was also muted compared to new outrage and legislative action in the United States and elsewhere regarding the reported repression of China’s Uighur Muslim minority, following weeks of Hong Kong protests and local elections supporting their cause, and in the face of continued concerns regarding Huawei’s 5G telecom dominance.

One also didn’t have to look far in the news this week to see new evidence of China’s growing partnerships with Russia, NATO’s primary focus for many years, ranging from a new 1,800 mile-long gas pipeline connecting both countries, to Huawei’s expanded relations with at least eight top Russian universities and research institutes.

Writing for Defense One, the Atlantic Council’s Barry Pavel and Ian Brzezinski have usefully called upon NATO to create a NATO-China Council that would collectively engage China on areas of concern. It would be a structural mechanism for dialogue with Russia to raise concerns, avoid misunderstandings and, where possible, foster cooperation.

The list of matters it would deal with is already a lengthy one, write the authors: Huawei’s targeting of European and North American digital infrastructure; increasing ownership of major European seaports critical to NATO; joint exercises with the Russian military, including in the Nordic-Baltic region; and cyber espionage and intellectual property theft.


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: frederick kempe
Keywords: news, cnbc, companies, challenge, biggest, european, huaweis, summit, weeks, nato, trump, chinas, managing, united, china, natos, leader


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Trump calls for World Bank to stop lending money to China

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections. The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. “Why is the World Bank loaning money to China? “World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders


U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.
The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
“Why is the World Bank loaning money to China?
“World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders
Trump calls for World Bank to stop lending money to China Cached Page below :
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Trump calls for World Bank to stop lending money to China

US president Donald Trump is seen during his press conference at the 2018 NATO Summit in Brussels, Belgium on July 12, 2018.

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.

The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” Trump wrote in a post on Twitter.

“World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States,” the World Bank said in an emailed statement to Reuters.

“We eliminate lending as countries get richer.”

Spokespeople for the White House declined to comment on the record.

The World Bank loaned China $1.3 billion in the fiscal 2019 year, which ended on June 30, a decrease from around $2.4 billion in fiscal 2017.

But the fall in the World Bank’s loans to China is not swift enough for the Trump administration, which has argued that Beijing is too wealthy for international aid.


Company: cnbc, Activity: cnbc, Date: 2019-12-07
Keywords: news, cnbc, companies, china, billion, calls, trump, president, plan, world, bank, money, lending, stop


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Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more

Here are the biggest calls on Wall Street on Friday:Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass. “We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region. We are prepared for a potential surge in sentiment in 1H20 but questi


Here are the biggest calls on Wall Street on Friday:Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass.
“We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region.
We are prepared for a potential surge in sentiment in 1H20 but questi
Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael bloom
Keywords: news, cnbc, companies, case, volumes, cybertruck, whirlpool, china, anthem, scenario, work, analyst, wall, unveiled, tsla, biggest, bull, tapestry, day, tesla, calls


Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more

Here are the biggest calls on Wall Street on Friday:

Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass.

“We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region. We are prepared for a potential surge in sentiment in 1H20 but question the sustainability.”

Note: This call occurred after the bell on Thursday. Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael bloom
Keywords: news, cnbc, companies, case, volumes, cybertruck, whirlpool, china, anthem, scenario, work, analyst, wall, unveiled, tsla, biggest, bull, tapestry, day, tesla, calls


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What Trump does before trade deadline is the ‘wild card’ that will drive markets in the week ahead

Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France. He rattled markets when he said he could wait until after the election for a trade deal with China. If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens. Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed. Fed aheadThe Fed has moved to the sidelines and says it is monitoring


Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France.
He rattled markets when he said he could wait until after the election for a trade deal with China.
If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens.
Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed.
Fed aheadThe Fed has moved to the sidelines and says it is monitoring
What Trump does before trade deadline is the ‘wild card’ that will drive markets in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: patti domm
Keywords: news, cnbc, companies, trump, wild, markets, fed, deadline, tariffs, does, week, thats, deal, going, drive, trade, card, ahead, inflation, think, market, china


What Trump does before trade deadline is the 'wild card' that will drive markets in the week ahead

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images

The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be delayed while talks continue, they don’t rule out the unexpected. “That’s the biggest thing in the room next week. I don’t think he’s going to raise them. I think they’ll find a reason,” said James Pauslen, chief investment strategist at Leuthold Group. But Paulsen said President Donald Trump’s unpredictable nature makes it really impossible to tell what will happen as the deadline nears. “He’s the one off you’re never sure about. It’s not just tariffs. It could be damn near anything,” Paulsen said. “I think he goes out of his way to be a wild card.” Just in the past week, Trump said he would put new tariffs on Brazil, Argentina and France. He rattled markets when he said he could wait until after the election for a trade deal with China. Once dubbing himself “tariff man,” Trump reminded markets that he sees tariffs as a way of getting what he wants from an opponent, and traders were reminded tariffs may be around for a long time. Trade certainly could be the most important event for markets in the week ahead, which also includes a Fed interest rate decision Wednesday and the U.K.’s election that could set the course for Brexit. If there’s no China deal, that could beat up stocks, send Treasury yields lower and send investors into other safe havens. When Fed officials meet this week, they are not expected to change interest rates, but they are likely to discuss whether they believe their repo operations to drive liquidity in the short-term funding market are running smoothly, ahead of year end. Economic reports in the coming week include CPI inflation Wednesday, which could be an important input for the Fed.

Punt, but no deal

As of Friday, the White House did not appear any closer to striking a deal with China, though officials say talks are going fine. Back in August, Trump said if there is no deal, Dec. 15 is the date for a new wave of tariffs on $156 billion in Chinese goods, including cell phones, toys and lap top computers. Dan Clifton, head of policy research at Strategas, said it seems like a low probability there will be a deal in the coming week. “What the market is focused on right now is whether there’s going to be tariffs that to into effect on Dec. 15, or not. It’s being rated pretty binary,” said Clifton. “I think what’s happening here and the actions by China overnight looks like we’re setting up for a kick.” China removed some tariffs from U.S. agricultural products Friday, and administration officials have been talking about discussions going fine. Clifton said if tariffs are put on hold, it’s unclear for how long. “Those are going to be larger questions that have to be answered. This is really now about politics. Is it a better idea for the president to cut a deal without major structural reforms, or should he walk away? That’s the larger debate that has to happen after Dec. 15,” Clifton said. “I’m getting worried that some in the administration… they’re leaning toward no deal category.” Clifton said Trump’s approval rating falls when the trade wars heat up, so that may motivate him to complete the deal with China even if he doesn’t get everything he wants. Michael Schumacher, director of rates strategy at Wells Fargo, said his base case is for a trade deal to be signed in the next couple of months, but even so, he said he can’t entirely rule out another outcome. It would make sense for tariffs to be put on hold while talks continue. “The tweeter-in-chief controls that one, ” said Schumacher. “That’s anybody’s guess…I wouldn’t be at all surprised if he suspends it for a few weeks. If he doesn’t, that’s a pretty unpleasant result. That’s risk off. That’s pretty clear.” Because the next group of tariffs would be on consumer goods, economists fear they could hit the economy through the consumer, the strongest and largest engine behind economic growth.

Fed ahead

The Fed has moved to the sidelines and says it is monitoring economic data before deciding its next move. Friday’s strong November jobs report, with 266,000 jobs added, reinforces the Fed’s decision to move to neutral for now. So the most important headlines from its meeting this week could be about the repo market, basically the plumbing for the financial system where financial institutions fund themselves. Interest rates in that somewhat obscure market spiked in September. Market pros said the issue was a cash crunch in the short term lending market, made better when the Fed started repo operations. The Fed now has multiple operations running over year end, and Schumacher said it has latitude to do more. Strategists expect there to be more pressure on the repo market as banks rein in operations to spruce up their balance sheets at year end. “No one is going to come to the Fed and say you did too much in the year-end funding,” said Schumacher. “If repo happens to spike somewhat on one day, the Fed is going to hammer it the next day.” Paulsen said the markets will be attuned to this week’s inflation numbers. Consumer inflation, the CPI is reported on Wednesday and producer prices are Thursday. A pickup in inflation of any significance is one thing that could pull the Fed from the sidelines, and prod it to consider a rate hike. “I think the inflation reports might start to get a little attention. Given the jobs numbers, the employment rate, growth picking up a little bit and a better tone in manufacturing. I do think if you get some hot CPI number, I don’t know if the Fed can ignore it,” he said. “Core CPI is 2.3%.” He said it would get noticed if it jumped to 2.5% or better. The Fed’s inflation target is 2% but its preferred measure is the PCE inflation, and that remains under 2%. Stocks were sharply higher Friday but ended the past week flattish. The S&P 500 was slightly higher, up 0.2% at 3,145, and the Dow was down 0.1% at 28,015. The Nasdaq was 0.1% lower, ending the week at 8,656.

Week ahead calendar


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: patti domm
Keywords: news, cnbc, companies, trump, wild, markets, fed, deadline, tariffs, does, week, thats, deal, going, drive, trade, card, ahead, inflation, think, market, china


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China will waive import tariffs for some US soybeans and pork, finance ministry says

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016. China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement. China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a counter


Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016.
China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet.
The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement.
China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a counter
China will waive import tariffs for some US soybeans and pork, finance ministry says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, states, finance, chinas, soybeans, tariffs, washington, world, china, waive, ministry, import, united, pork


China will waive import tariffs for some US soybeans and pork, finance ministry says

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016.

China will waive import tariffs for some soybeans and pork shipments from the United States, China’s finance ministry said on Friday, citing a decision by the country’s cabinet.

The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry said in a statement. It did not specify the quantities involved.

China imposed tariffs of 25% on both U.S. soybeans and pork in July 2018 as a countermeasure to tariffs levied by Washington over allegations that China steals and forces the transfer of American intellectual property to Chinese firms.

The waiver comes amid negotiations between the United States and China to conclude a ‘phase one’ or interim deal to de-escalate a 17-month trade war between the two countries. Lifting tariffs on each other’s goods is a key part of those talks.

China has also been scouring the world for more meat to fill a big shortage of protein after an outbreak of African swine fever devastated its massive hog herd, cutting supplies of pork.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, states, finance, chinas, soybeans, tariffs, washington, world, china, waive, ministry, import, united, pork


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World Bank adopts $1 billion-plus annual China lending plan over US objections

The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms. The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018. The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2


The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms.
The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018.
The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2
World Bank adopts $1 billion-plus annual China lending plan over US objections Cached Page below :
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World Bank adopts $1 billion-plus annual China lending plan over US objections

The World Bank said its board on Thursday adopted a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin and several U.S. lawmakers.

Mnuchin told a House Financial Services Committee hearing that the Treasury’s representative on the board had objected on to the plan on Wednesday, adding he wants the World Bank to “graduate” China from its concessional loan programs for low- and middle-income countries.

The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms.

The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018.

The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2.4 billion during fiscal 2017. The new plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“Lending levels may fluctuate up and down from year to year due to normal pipeline management based on project readiness,” the World Bank said in its plan.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
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China to waive tariffs on some US soybeans, pork in goodwill gesture

In a positive gesture, China said on Friday that it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out a broader agreement to defuse their protracted trade war. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country’s cabinet. That includes tariffs of 25% on both U.S. soybeans and pork in July 2018 and a f


In a positive gesture, China said on Friday that it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out a broader agreement to defuse their protracted trade war.
The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country’s cabinet.
That includes tariffs of 25% on both U.S. soybeans and pork in July 2018 and a f
China to waive tariffs on some US soybeans, pork in goodwill gesture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, united, war, trade, soybeans, waive, pork, tariffs, china, gesture, washington, goodwill, chinese, 2018


China to waive tariffs on some US soybeans, pork in goodwill gesture

In a positive gesture, China said on Friday that it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out a broader agreement to defuse their protracted trade war. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country’s cabinet. It did not specify the quantities involved. China had imposed the levies in response to tariffs launched by Washington over allegations that China steals and forces the transfer of American intellectual property to Chinese firms, known as Section 301. That includes tariffs of 25% on both U.S. soybeans and pork in July 2018 and a further 10% on pork and 5% on soybeans in September this year.

This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker | AFP | Getty Images

The waiver comes amid negotiations between the United States and China to conclude a ‘phase one’ or interim deal to de-escalate a 17-month trade war that has roiled financial markets, disrupted supply chains and weighed on global economic growth. A deal had initially been expected last month, but the two sides are said to be still seeking agreement on major issues such as which tariffs to roll back and the size of U.S. farm purchases China is willing to make. Though President Donald Trump struck an upbeat tone on progress in talks on Thursday, a new round of U.S. tariffs covering about $156 billion of Chinese imports is set to kick in just over a week away on Dec. 15. China’s tariff waivers on key U.S. agricultural products is a sign of its commitment to the deal, said an industry source who declined to be identified because of the sensitivity of the matter. “The goal (of this move) is to expand purchases and reassure the United States,” said a Chinese source who advises Beijing on the trade talks. “It should be interpreted as a positive signal. Despite the many political difficulties the two sides face, economic and trade cooperation and moves to stop the escalation of the trade war are in the interest of both parties.” Since late 2018, Washington has similarly exempted some Chinese goods from U.S. tariffs, even as the tone of the trade talks waxed and waned. At end-October, the Office of the U.S. Trade Representative (USTR) began accepting tariff exclusion requests for Chinese goods subject to additional taxes in effect since Sept. 1. Prior to that, 14 batches of exclusions for Chinese products had been granted between December 2018 and mid-October this year. Washington imposed additional tariffs on about $125 billion worth of Chinese goods on Sept. 1, on top of 25% tariffs levied on an earlier $250 billion list of industrial and consumer goods.

US Soybeans


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, united, war, trade, soybeans, waive, pork, tariffs, china, gesture, washington, goodwill, chinese, 2018


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Tesla cars built in China have been recommended for government subsidies, report says

Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. China’s industry ministry has put Tesla Model 3 cars that are built inside the country on a list of vehicles recommended for government subsidies, according to a Reuters report on Friday. Two types of the Model 3 were on the recommendation list for new energy vehicle subsidies, it said. Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Age


Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019.
China’s industry ministry has put Tesla Model 3 cars that are built inside the country on a list of vehicles recommended for government subsidies, according to a Reuters report on Friday.
Two types of the Model 3 were on the recommendation list for new energy vehicle subsidies, it said.
Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Age
Tesla cars built in China have been recommended for government subsidies, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: anmar frangoul
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Tesla cars built in China have been recommended for government subsidies, report says

Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019.

China’s industry ministry has put Tesla Model 3 cars that are built inside the country on a list of vehicles recommended for government subsidies, according to a Reuters report on Friday.

Reuters, citing a document published by the Ministry of Industry and Information Technology, said the level of subsidy that Tesla would receive was not yet clear. Two types of the Model 3 were on the recommendation list for new energy vehicle subsidies, it said.

Tesla shares rose 1.5% in extended hours trade on the back of the news.

The Chinese city of Shanghai is home to Tesla’s Gigafactory 3, where groundbreaking on the facility took place in January 2019. In its third-quarter update toward the end of October, Tesla said trial production of the Model 3 in Shanghai had started ahead of schedule.

Elon Musk’s firm noted that the Chinese facility was, in terms of capital expenditure per unit of capacity, approximately 65% less expensive to construct than its U.S.-based Model 3 production system.

Worldwide electric car sales hit 1.98 million in 2018, according to the International Energy Agency (IEA), with global stock reaching 5.12 million.

China’s electric car market is the biggest on the planet — a little over 1 million electric cars were sold there last year — the IEA says, with Europe and the U.S. following behind.

Tesla is one of several automotive firms attempting to make inroads into the Chinese market.

Just last week, the BMW Group, together with China’s Great Wall Motor, announced it would construct a plant to produce fully-electric models of the Mini car brand.

The facility’s construction phase is slated to take place between 2020 and 2022, and it will be located in the city of Zhangjiagang, Jiangsu Province, the BMW Group said last week.

The two firms have set up a joint venture called Spotlight Automotive Limited and the combined investment in the plant will amount to approximately 650 million euros ($721 million).

Once up and running, the factory line will have the capacity to produce as many as 160,000 vehicles annually.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: anmar frangoul
Keywords: news, cnbc, companies, chinese, recommended, production, shanghai, electric, vehicles, model, cars, china, tesla, million, subsidies, built, car, report


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Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more

Here are the biggest calls on Wall Street on Friday:Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass. “We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region. We are prepared for a potential surge in sentiment in 1H20 but questi


Here are the biggest calls on Wall Street on Friday:Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass.
“We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region.
We are prepared for a potential surge in sentiment in 1H20 but questi
Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael bloom
Keywords: news, cnbc, companies, case, volumes, cybertruck, whirlpool, china, anthem, scenario, work, analyst, wall, unveiled, tsla, biggest, bull, tapestry, day, tesla, calls


Here are the biggest analyst calls of the day: Tesla, Tapestry, Anthem, Whirlpool & more

Here are the biggest calls on Wall Street on Friday:

Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and a more positive scenario in China comes to pass.

“We raise our bull case to $500 to account for the newly unveiled Cybertruck & a more optimistic scenario in China, reflecting higher than expected volumes & our work around TSLA profitability in the region. We are prepared for a potential surge in sentiment in 1H20 but question the sustainability.”

Note: This call occurred after the bell on Thursday. Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael bloom
Keywords: news, cnbc, companies, case, volumes, cybertruck, whirlpool, china, anthem, scenario, work, analyst, wall, unveiled, tsla, biggest, bull, tapestry, day, tesla, calls


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