Some international banks are finally seeing their China investments pay off

As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack. UBS, Invesco and J.P. Morgan topped Shanghai-based Z-Ben Advisors’ annual rankings released Monday for the 25 best foreign money managers in China. The company has been investing in China for 20 years and has also become a front-runner in building a domestic securities business. In November, UBS became the first foreign bank to receive Beijing’s approval to take a majo


As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack. UBS, Invesco and J.P. Morgan topped Shanghai-based Z-Ben Advisors’ annual rankings released Monday for the 25 best foreign money managers in China. The company has been investing in China for 20 years and has also become a front-runner in building a domestic securities business. In November, UBS became the first foreign bank to receive Beijing’s approval to take a majo
Some international banks are finally seeing their China investments pay off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: evelyn cheng, -chantal grinderslev, partner at z-ben
Keywords: news, cnbc, companies, pay, stake, investments, switzerlandbased, international, finally, china, ubs, topped, stakes, zben, seeing, foreign, firms, venture, banks


Some international banks are finally seeing their China investments pay off

As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack.

UBS, Invesco and J.P. Morgan topped Shanghai-based Z-Ben Advisors’ annual rankings released Monday for the 25 best foreign money managers in China. Data was collected as of December 2018, and scored firms by three business lines: onshore, outbound and inbound.

For UBS, it was the second year the Switzerland-based asset manager ranked first. The company has been investing in China for 20 years and has also become a front-runner in building a domestic securities business.

In November, UBS became the first foreign bank to receive Beijing’s approval to take a majority stake in its joint venture with China Guodian Capital. For the last decades, previous policy limited foreign banks to minority stakes, giving local partners more control.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: evelyn cheng, -chantal grinderslev, partner at z-ben
Keywords: news, cnbc, companies, pay, stake, investments, switzerlandbased, international, finally, china, ubs, topped, stakes, zben, seeing, foreign, firms, venture, banks


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‘Chinese people love and long for peace,’ President Xi says as major naval parade kicks off

The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy. Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order. Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weat


The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy. Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order. Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weat
‘Chinese people love and long for peace,’ President Xi says as major naval parade kicks off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, sea, kicks, xi, countries, major, naval, love, chinese, china, parade, long, foreign, peace, force, president


'Chinese people love and long for peace,' President Xi says as major naval parade kicks off

The Chinese people love peace and countries should not threaten each other with the use of force, President Xi Jinping said on Tuesday as he kicked off a large-scale naval parade marking 70 years since the founding of China’s navy.

Xi is overseeing a sweeping plan to refurbish the People’s Liberation Army (PLA) by developing everything from stealth jets to aircraft carriers as China ramps up its presence in the disputed South China Sea and around self-ruled Taiwan, which have rattled nerves around the region and in Washington.

The navy has been a key beneficiary of the modernization plan, with China looking to project power far from the country’s shores and protect its trading routes and citizens overseas.

Meeting foreign naval officers in the eastern Chinese city of Qingdao, Xi said the navies of the world should work together to protect maritime peace and order.

“The Chinese people love and long for peace, and will unswervingly follow the path of peaceful development,” Xi added, in remarks carried by the official Xinhua news agency, after foreign reporters were asked by Xi to leave the room.

“Everyone should respect each other, treat each other as equals, enhance mutual trust, strengthen maritime dialogue and exchanges, and deepen pragmatic cooperation between navies,” he added.

“There must be more discussions and consultations between countries, and there cannot be resorts to force or threats of force at the slightest pretext,” Xi said.

“All countries should adhere to equal consultations, improve crisis communication mechanisms, strengthen regional security cooperation, and promote the proper settlement of maritime-related disputes.”

Xi is expected to review the naval parade from sea later in the day, though it is unclear whether poor weather in Qingdao — with mist and driving rain — could affect the event.

The parade will feature 32 Chinese vessels and 39 aircraft, as well as warships from 13 foreign countries including India, Japan, Vietnam and Australia.

China has said it will display for the first time new nuclear submarines and warships.

China has frequently had to rebuff concerns about its military intentions, especially as military spending continues to scale new heights.

Beijing says it has nothing to hide, and invited a small number of foreign media onboard a naval ship to watch the parade, including from Reuters.

China’s last naval battles were with the Vietnamese in the South China Sea in 1974 and 1988, though these were relatively minor skirmishes.

Chinese navy ships have also participated in international anti-piracy patrols off Somalia’s coast since late 2008.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, sea, kicks, xi, countries, major, naval, love, chinese, china, parade, long, foreign, peace, force, president


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US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation

It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N


It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N
US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


US exempts foreign entities working with Iran's Revolutionary Guard from 'terrorist' designation

A State Department spokesperson told CNBC that the new exemptions are intended to mitigate complications created by the designation, which was announced on April 8. It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation.

Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. This would create difficulties for foreign governments, allies and trading partners — including Iraq, Syria and Turkey — and nongovernmental organizations and businesses that work with Iran closely.

“There is clearly a realization that this will impact the functioning of not only the Iraqi government but also the functioning of the United States and its allies,” said Jonathan Cristol, senior fellow at the Center for Civic Engagement.

The U.S. retains the right to sanction any individual providing material support to the Guard.

Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” This poses a major problem, Cristol says. “For many foreign entities what is considered material support is unclear, and [that] could give the U.S. an incredibly broad reach in punishing those who violate the designation.”

Richard Nephew, former principal deputy coordinator for sanctions policy at the State Department, says the term “material support” has been used liberally in the past but typically refers to charity groups funneling funds to nonstate actors, such as ISIS and al-Qaeda.

Nephew said the FTO designation is “not the tool that was meant to be used for state actors. It is meant for actual terrorist groups. That’s why the administration is having a problem defining ‘material support.'”

The Revolutionary Guard and its linked entities are estimated to control about 20% of the Iranian economy, from shipping and petrochemicals to real estate and banking, making it difficult to avoid the group. Plus, a two-year military service is mandatory for men, so many Iranian families have a connection to the group regardless of their politics.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


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Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers

He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive. The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand. The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Mond


He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive. The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand. The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Mond
Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, mary catherine wellons
Keywords: news, cnbc, companies, exports, ending, trump, market, zero, stability, saudi, countries, sanctions, drive, waivers, oil, foreign, iran, aims, irans, iranian


Trump aims to drive Iran's oil exports to zero by ending sanctions waivers

Saudi Arabia and UAE have assured the U.S. they will ensure the market has an “appropriate supply,” Pompeo said. He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive.

The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand.

The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Monday.

“In the next few weeks, the Kingdom will be consulting closely with other producing countries and key oil consuming nations to ensure a well-balanced and stable oil market, for the benefits of producers and consumers as well as the stability of the world economy,” Falih said in a statement.

Following Washington’s official announcement, Trump tweeted that Saudi Arabia and other OPEC members will “more than make up” for any drop in Iranian supplies.

Three of the countries that received the exemptions — Greece, Italy and Taiwan — have already cut their imports from Iran to zero. However, analysts widely expected the Trump administration to extend the waivers to China, India, Japan, South Korea and Turkey, all of which took advantage of the waivers during the first six-month window that began in November.

Companies in those countries now face the threat of being locked out of the U.S. financial system if they continue to import crude from Iran. The question is whether some of those countries will seek to skirt the sanctions, including by facilitating or encouraging purchases of Iranian crude through companies not tied to the U.S. financial system.

China’s Foreign Ministry on Monday denounced Washington’s Iran policy.

“China opposes the unilateral sanctions and so-called ‘long-arm jurisdictions’ imposed by the US. Our cooperation with Iran is open, transparent, lawful and legitimate, thus it should be respected,” Foreign Ministry spokesperson Geng Shuang told reporters.

“Our government is committed to upholding the legitimate rights and interests of Chinese companies and will play a positive and constructive role in upholding the stability of global energy market.”

Turkish Minister of Foreign Affairs Mevlut Cavusoglu also rejected the sanctions, saying they “will not serve regional peace and stability” and would hurt the Iranian people.

Dialing up pressure on Iran threatens to spark maritime conflict in the Persian Gulf. Iran has long threatened to shut down the Strait of Hormuz, the world’s busiest transit lane for seaborne oil shipments, if it is prevented from exporting oil.

On Monday, Iranian officials renewed those threats.

“According to international law, the Strait of Hormuz is a marine passageway and if we are barred from using it, we will shut it down. In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters,” Rear Admiral Alireza Tangsiri, commander of the Islamic Revolution Guards Corps’ Navy, told the al-Alam news channel, according to Iran’s semi-official Fars news agency.

Earlier this month, the Trump administration designated Iran’s Islamic Revolutionary Guard Corps a terrorist organization, marking the first time the U.S. has applied the designation to a foreign country’s military.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, mary catherine wellons
Keywords: news, cnbc, companies, exports, ending, trump, market, zero, stability, saudi, countries, sanctions, drive, waivers, oil, foreign, iran, aims, irans, iranian


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The specter of Chinese investment looms over Indonesia’s election

Like recent elections in many emerging countries, the issue of China’s influence on local politics and businesses is under intense scrutiny in Indonesia. And, from the perspective of foreign investors including Beijing, one candidate is clearly less supportive. Jokowi, meanwhile, actively courted Chinese investment during his term to push through large infrastructure projects in the sprawling archipelago that is Indonesia. Several of such China-linked initiatives have sparked criticism from publ


Like recent elections in many emerging countries, the issue of China’s influence on local politics and businesses is under intense scrutiny in Indonesia. And, from the perspective of foreign investors including Beijing, one candidate is clearly less supportive. Jokowi, meanwhile, actively courted Chinese investment during his term to push through large infrastructure projects in the sprawling archipelago that is Indonesia. Several of such China-linked initiatives have sparked criticism from publ
The specter of Chinese investment looms over Indonesia’s election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: huileng tan, wf sihardian, nurphoto, getty images, -made supriatma, visiting fellow at the iseas-yusof ishak institute
Keywords: news, cnbc, companies, local, indonesia, projects, looms, investment, investors, mumford, indonesias, chinese, specter, including, foreign, repeatedly, election


The specter of Chinese investment looms over Indonesia's election

Like recent elections in many emerging countries, the issue of China’s influence on local politics and businesses is under intense scrutiny in Indonesia. And, from the perspective of foreign investors including Beijing, one candidate is clearly less supportive.

“Prabowo is an ultra-nationalist who during the election campaign has repeatedly blamed foreign investors and other countries for the ills facing Indonesia,” said Peter Mumford, Southeast and South Asia practice head at Eurasia Group, a risk consultancy.

Jokowi, meanwhile, actively courted Chinese investment during his term to push through large infrastructure projects in the sprawling archipelago that is Indonesia.

Several of such China-linked initiatives have sparked criticism from public quarters, including a multi-billion high-speed railway between Jakarta and the city of Bandung in Java and local projects like power plants.

“Prabowo has been very critical of Chinese investment in Indonesia, and his supporters have repeatedly whipped up anti-(ethnic) Chinese sentiment,” said Mumford.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: huileng tan, wf sihardian, nurphoto, getty images, -made supriatma, visiting fellow at the iseas-yusof ishak institute
Keywords: news, cnbc, companies, local, indonesia, projects, looms, investment, investors, mumford, indonesias, chinese, specter, including, foreign, repeatedly, election


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Obama White House counsel Greg Craig charged with lying to prosecutors about foreign lobbying

After the indictment was announced, Craig’s lawyers said “it is itself unfair and misleading” and “ignores uncontroverted evidence to the contrary.” “Mr. Craig had no interest in misleading the FARA Unit because he had not done anything that required his registration. Craig is charged with lying during an Oct. 19, 2017, interview with the special counsel’s office about the nature of work he did for the Ukrainian government in 2012 and 2013, while he was a senior partner at the law firm Skadden A


After the indictment was announced, Craig’s lawyers said “it is itself unfair and misleading” and “ignores uncontroverted evidence to the contrary.” “Mr. Craig had no interest in misleading the FARA Unit because he had not done anything that required his registration. Craig is charged with lying during an Oct. 19, 2017, interview with the special counsel’s office about the nature of work he did for the Ukrainian government in 2012 and 2013, while he was a senior partner at the law firm Skadden A
Obama White House counsel Greg Craig charged with lying to prosecutors about foreign lobbying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: christina wilkie, kevin breuninger, mark wilson, getty images
Keywords: news, cnbc, companies, skadden, report, register, prosecutors, white, obama, lobbying, house, foreign, firm, yanukovich, craig, ukrainian, counsel, tymoshenko, lying, greg, work, law


Obama White House counsel Greg Craig charged with lying to prosecutors about foreign lobbying

Anticipating the DOJ’s announcement, Craig’s attorneys said in a statement to news outlets that their client’s case had already been referred to federal authorities in the Southern District of New York who did not bring charges.

After the indictment was announced, Craig’s lawyers said “it is itself unfair and misleading” and “ignores uncontroverted evidence to the contrary.”

“Mr. Craig had no interest in misleading the FARA Unit because he had not done anything that required his registration. That is what this trial will be all about,” his representatives said.

Craig is charged with lying during an Oct. 19, 2017, interview with the special counsel’s office about the nature of work he did for the Ukrainian government in 2012 and 2013, while he was a senior partner at the law firm Skadden Arps. Craig left the firm in April of 2018.

Skadden was originally hired in 2012 by the government of then-Ukrainian President Viktor Yanukovich, a Kremlin ally, to prepare a formal report effectively justifying Yanukovich’s decision to prosecute and imprison his political rival, Yulia Tymoshenko, a former prime minister.

The prosecution of Tymoshenko caused international outrage at the time, and the Yanukovich government was eager for a Western law firm with a sterling reputation like Skadden to produce a report which it could share internationally, in an attempt to relieve some of the pressure it had come under from human rights groups and nongovernmental organizations.

In 2012 and 2013, while Skadden was working for the Yanukovich government, the Justice Department approached the firm to inquire whether the work constituted foreign lobbying, which would require that Skadden register as an agent of the Ukrainian government under FARA.

According to the indictment, in February 2012 Craig emailed a law firm partner and said, “I don’t want to register as a foreign agent under FARA. I think we don’t have to with this assignment, yes?”


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: christina wilkie, kevin breuninger, mark wilson, getty images
Keywords: news, cnbc, companies, skadden, report, register, prosecutors, white, obama, lobbying, house, foreign, firm, yanukovich, craig, ukrainian, counsel, tymoshenko, lying, greg, work, law


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Here are the top foreign languages that UK employers want you to have

Indeed analyzed the requirements in millions of job advertisements posted on its website, which is searched by more than 250 million people per month. The total number of job roles specifying language skills as a prerequisite increased by almost 3% in the same period. However, Indeed noted that Brexit’s impact on migration could potentially lead to a “language gap” in the British employment market. “English is a global language, but that cannot always offset the need for fluent speakers of other


Indeed analyzed the requirements in millions of job advertisements posted on its website, which is searched by more than 250 million people per month. The total number of job roles specifying language skills as a prerequisite increased by almost 3% in the same period. However, Indeed noted that Brexit’s impact on migration could potentially lead to a “language gap” in the British employment market. “English is a global language, but that cannot always offset the need for fluent speakers of other
Here are the top foreign languages that UK employers want you to have Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: chloe taylor, image, david madison, photographers choice, getty images
Keywords: news, cnbc, companies, speakers, market, uk, languages, foreign, eu, skills, employers, emerging, language, fewer, migration, job


Here are the top foreign languages that UK employers want you to have

Indeed analyzed the requirements in millions of job advertisements posted on its website, which is searched by more than 250 million people per month.

Demand for German speakers peaked just before the Brexit referendum in June 2016, according to the data.

The total number of job roles specifying language skills as a prerequisite increased by almost 3% in the same period.

However, Indeed noted that Brexit’s impact on migration could potentially lead to a “language gap” in the British employment market. According to the U.K.’s Office for National Statistics, net migration from the EU is now at its lowest level in a decade, which could signal a reduction in the talent pool when it comes to European language skills.

“Many U.K. employers who require multilingual staff are becoming increasingly unsettled as a perfect storm brews — fewer and fewer linguists are emerging from our education system just as Brexit uncertainty looks to be deterring workers relocating here from the EU,” Bill Richards, U.K. managing director of Indeed, said in a press release.

“English is a global language, but that cannot always offset the need for fluent speakers of other languages. While the U.K. market clearly continues to offer many opportunities for those with additional language skills, there is a danger of a shortfall emerging as insufficient supply butts up against rising demand,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: chloe taylor, image, david madison, photographers choice, getty images
Keywords: news, cnbc, companies, speakers, market, uk, languages, foreign, eu, skills, employers, emerging, language, fewer, migration, job


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Critics of China’s Belt and Road initiative are ‘prejudiced’, the country’s top diplomat says

Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending. “This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington. China has stressed many times that the Belt and Road is to promote joint development, he


Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending. “This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington. China has stressed many times that the Belt and Road is to promote joint development, he
Critics of China’s Belt and Road initiative are ‘prejudiced’, the country’s top diplomat says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: buddhika weerasinghe getty images
Keywords: news, cnbc, companies, belt, diplomat, foreign, debt, chinas, prejudiced, yang, critics, minister, president, participating, development, countrys, initiative, road, countries


Critics of China's Belt and Road initiative are 'prejudiced', the country's top diplomat says

China has never forced debt upon participants of its new Silk Road project as “prejudiced” critics have suggested, the country’s top diplomat said on Saturday in a strongly worded defense of a key policy platform of Chinese President Xi Jinping.

Xi’s Belt and Road Initiative, as it is formally called, envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with massive infrastructure spending.

But it has proved controversial in many Western capitals, particularly Washington, which views it as merely a means to spread Chinese influence abroad and saddle countries with unsustainable debt through non-transparent projects.

The United States has been particularly critical of Italy’s decision to sign up to the plan this month, during Xi’s visit to Rome, the first for a G7 nation.

Speaking to the ruling Communist Party’s official People’s Daily, Yang Jiechi, who runs the party’s foreign affairs committee, said he had noted that some in the international community believed this was a geopolitical tool and would only bring debt traps for participating countries.

“This obviously shows a lack of objectivity and fair understanding of the Belt and Road initiative. It is a misunderstanding, misjudgment and is even prejudiced,” wrote Yang, a former foreign minister and ambassador to Washington.

China has stressed many times that the Belt and Road is to promote joint development, he added.

“The Belt and Road is open, inclusive and transparent. It does not play little geopolitical games. It does not engage in the exclusion of exclusive small circles.”

Yang noted that many countries, companies and ordinary people participating in the Belt and Road project had “publicly refuted rumors” about it being a debt trap.

Belt and Road projects, from their selection to their financing, go through careful risk assessments and the initiative’s principles stress sustainable development, he said.

“For cooperative partners who have debt difficulties, China’s principle is to appropriately resolve this through friendly consultations, and has never pushed or forced debt” on anyone, Yang added.

To date no participating country has faced a debt crisis — to the contrary many countries have been able to escape the “no development trap”, he wrote.

China will hold its second Belt and Road summit in Beijing in late April.

Yang said almost 40 foreign leaders would take part, but did not name them. Some of China’s closest allies have already confirmed they will come, including Russian President Vladimir Putin, Pakistani Prime Minister Imran Khan, Philippines President Rodrigo Duterte and Cambodian Prime Minister Hun Sen.


Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: buddhika weerasinghe getty images
Keywords: news, cnbc, companies, belt, diplomat, foreign, debt, chinas, prejudiced, yang, critics, minister, president, participating, development, countrys, initiative, road, countries


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US-China trade tensions appear to be in a ‘de-escalatory’ stage, says Morgan Stanley

US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday. “Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan


US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday. “Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan
US-China trade tensions appear to be in a ‘de-escalatory’ stage, says Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: huileng tan
Keywords: news, cnbc, companies, strategist, opening, tensions, environment, foreign, uschina, chinese, deescalatory, china, appear, trade, stanley, stage, garner, morgan


US-China trade tensions appear to be in a 'de-escalatory' stage, says Morgan Stanley

US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27

Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday.

“Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan Stanley’s chief equity strategist for Asia and emerging markets.

The latest round of talks between both countries continued in Beijing on Thursday. After that, both sides are expected to hold meetings in Washington starting April 3. The two largest economies in the world are negotiating a trade deal after a tariff fight that started last year.

It looks like Chinese negotiators are eager to get an agreement fully and tightly drafted before Chinese President Xi Jinping travels to the U.S. to sign it in the months ahead, Garner told CNBC’s “Street Signs.”

Garner’s comments came after Chinese Premier Li Keqiang said at the Boao Forum for Asia that China will widen market access for foreign banking and insurance firms, and expand the opening of the services sector — especially the financial sector — to foreign investors.

Li’s latest comments onBeijing opening up markets to foreign investment signals “concrete action” that the world’s second largest economy is taking to address Washington’s concerns in the ongoing bilateral trade dispute, said Garner.

“Last summer, the approach from China was solely on the bilateral trade deficit. This is all part of a kind of re-energized reform and opening up in China right now,” said Garner.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: huileng tan
Keywords: news, cnbc, companies, strategist, opening, tensions, environment, foreign, uschina, chinese, deescalatory, china, appear, trade, stanley, stage, garner, morgan


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Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields

A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Bond yields decline when bond prices rise.


A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Bond yields decline when bond prices rise.
Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: kelly olsen, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, hurting, yellen, yields, bond, united, foreign, rosengren, yield, feds, states, longterm, weak, reserve, rest


Fed's Rosengren says weak foreign bond yields are hurting US long-term yields

A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Still, Boston Federal Reserve President Eric Rosengren expects Treasurys to eventually start inching higher.

Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. That occurs when short-term rates surpass longer-term yields. That in turn hurts the profits that banks get from lending. It’s considered a recession warning sign.

Rosengren said long-term bond yields are falling in a number of countries. He cited as an example Germany’s 10-year bond yield, which is close to zero. Slowing economic growth in Europe and Asia is contributing to those declines, he said during a panel discussion at the Credit Suisse Asian Investment Conference in Hong Kong on Tuesday.

Bond yields decline when bond prices rise.

“I think there’s a lot less risk in the United States economy than there is in the rest of the world, but those lower yields are in part pushing down yields in the United States as well,” Rosengren said.

Rosengren added that if his forecast for America’s economic growth of between 2 to 2.5 percent for the rest of the year pans out, and the U.S. starts to hit its inflation target, then the 10-year yield “will go up a little bit from where it is now.”

He joined former Fed chair Janet Yellen in taking a seemingly unworried view of the inverted yield curve. Yellen pointed out that while the inversion does not suggest there will be a downturn, it could signal the Fed may at some point need to cut interest rates.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: kelly olsen, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, hurting, yellen, yields, bond, united, foreign, rosengren, yield, feds, states, longterm, weak, reserve, rest


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