China exempts 16 American products from additional tariffs — here’s the full list

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy


Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy
China exempts 16 American products from additional tariffs — here’s the full list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


China exempts 16 American products from additional tariffs — here's the full list

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020.

The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The State Council Tariff Commission said on the Ministry of Finance’s website that items on two separate tariff exemption lists would not be subject to additional charges imposed by China on U.S. goods.

For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. Companies can apply to customs within six months.

For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable.

Here are the two lists in full, according to a CNBC translation:

LIST 1: 1. Other shrimp and prawn seedlings. 2. Aster meal and pellets. 3. Other purpura (except coarse powder and pellets). 4. Fish meal for feed. 5. Lubricating oil. 6. Grease. 7. Ring line, insecticidal ring, insecticidal nail, polythiane, etc. (including methylthiophosphorus, buprofezin, aspartate, indoxacarb). 8. Decitabine, fluorouridine, cyclophosphamide, gefitinib, capecitabine, raltitrexed, fludarabine phosphate, fluoride, cytarabine hydrochloride, gemcitabine hydrochloride, ectinib hydrochloride, ifosfamide. 9. Nonionic Organic Surfactant. 10. Mineral oil <70% lubricant. 11. Lubricants containing no petroleum or oils from bituminous minerals. 12. Medical linear accelerator. LIST 2: 1. Whey for feed (2%-7% by weight protein, 76%-88% lactose). 2. Release agent (oil by weight and oil extracted from bitumen ≥70%). 3. Isoparaffin solvent (early boiling point 225 ° C, flash point 92 ° C, density 0.79 g / cm3, viscosity 3.57mm2/s). 4. Lubricating base oil (product viscosity at 100 degrees Celsius). —CNBC's Hilary Pan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


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Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin


U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin
Dow futures fall more than 200 points after new US-China trade tariffs take effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods.

At around 03:20 a.m. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. Futures on the S&P and Nasdaq were both lower. The moves in pre-market trade come after investors observed a market holiday on Monday.

The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. It marked the latest escalation in their long-running trade war.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

President Donald Trump has said officials from both sides were still planning to meet later this month, despite rising tensions.

On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
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US asks Brazil to consider lifting tariffs on ethanol exports

The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday. Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs. McKinney s


The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday. Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs. McKinney s
US asks Brazil to consider lifting tariffs on ethanol exports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: miguel schincariol, afp, getty images
Keywords: news, cnbc, companies, tariffs, asks, lifting, brazil, mckinney, foreign, states, united, ethanol, agriculture, imposed, exports, consider, president


US asks Brazil to consider lifting tariffs on ethanol exports

The United States has asked Brazil to consider lifting tariffs imposed on its ethanol exports and is hopeful of a positive outcome, a senior official at the U.S. Department of Agriculture said on Wednesday.

Brazil currently charges a 20 percent tariff on ethanol imports surpassing 150 million liters a quarter, in a bid to shield local farmers from foreign competition.

“Our hope is that the warm relations that exist between our presidents and how that cascades down might let us find some relief,” Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney said on a conference call from Brasilia.

McKinney and U.S. chief agricultural negotiator Gregg Doud have been in Brazil to hold talks with Brazilian government officials. McKinney said he was optimistic for change, although so far Brazil has not indicated that they would lift the tariffs.

McKinney said Brazil had previously said it would reassess the tariffs two years from the September 2017 date on which they were imposed. “You can imagine there’s always run-ups to that.

Nobody said it is a hard date and that’s another reason we are having a discussion,” he said.

The U.S. delegation was set to meet with the Brazilian ministry of agriculture, he said.

Brazil’s new President Jair Bolsonaro, a 63-year-old former army captain and admirer of U.S. President Donald Trump, has quickly deepened ties with the United States and Israel.

Bolsonaro said last year that he would like to see Brazil retake global leadership in ethanol production, which it lost to the United States some years ago.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: miguel schincariol, afp, getty images
Keywords: news, cnbc, companies, tariffs, asks, lifting, brazil, mckinney, foreign, states, united, ethanol, agriculture, imposed, exports, consider, president


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Greece to ease capital controls ‘very soon,’ finance minister says

Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when. “With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the


Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when. “With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the
Greece to ease capital controls ‘very soon,’ finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-15  Authors: francois lenoir
Keywords: news, cnbc, companies, imposed, capital, finance, greece, restrictions, ease, international, soon, pillar, controls, concerning, easing, minister, final


Greece to ease capital controls 'very soon,' finance minister says

Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said Saturday.

“We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.

“With this new easing we will complete the second pillar (of regulations) concerning cash withdrawals and the opening of bank accounts, and we will enter the final phase for the full lifting of capital controls, the third and final pillar… concerning restrictions on moving capital abroad,” he said.

Greece imposed capital controls to stem a flight of cash from its banks in July 2015, when, at the height of its debt crisis, it faced bankruptcy and a euro exit.

Last month it emerged from its final of three international bailouts and almost nine years of austerity. It remains heavily indebted and under fiscal monitoring by the European Union and International Monetary Fund.


Company: cnbc, Activity: cnbc, Date: 2018-09-15  Authors: francois lenoir
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A China-US trade war would wipe 20% off the S&P 500, UBS says

Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. Howe


Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. Howe
A China-US trade war would wipe 20% off the S&P 500, UBS says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: silvia amaro, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, 500, 20, ubs, chinaus, sp, global, china, hit, bank, worth, wipe, tariffs, imposed, trade, war, trump


A China-US trade war would wipe 20% off the S&P 500, UBS says

Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday.

Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6 percent hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively.

However, the bank noted there would also be second-order effects. These “would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation.” Thus, in terms of company valuations, these would take an additional 9.1 percent hit, bringing a total downside of 21.3 percent for the U.S. benchmark after some further adjustments by UBS analysts.

So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion.

David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC’s “Street Signs” Friday: “If I was sitting in Beijing, I would be pretty worried.”

“I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-07-27  Authors: silvia amaro, michael nagle, bloomberg, getty images
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Big investors say the trade war could put the Federal Reserve in a really tough spot

“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China,


“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China,
Big investors say the trade war could put the Federal Reserve in a really tough spot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: thomas franck, david a grogan, heidi gutman
Keywords: news, cnbc, companies, tough, inflationary, thats, war, imposed, does, big, reserve, federal, think, say, spot, really, erdoes, trade, investors, goods, china, tariffs


Big investors say the trade war could put the Federal Reserve in a really tough spot

“I think that’s the big conundrum and I think that’s what Chairman Powell has basically signaled,” Taraporevala said at the Delivering Alpha Conference in New York last week. “The single biggest risk he sees is, in fact, if it does escalate into a trade war.”

President Donald Trump and his administration have defended an initiative of “fair and reciprocal” trade throughout his tenure, demanding that some of the nation’s economic allies offer the U.S. a better deal in an effort to curb Washington’s trade deficit and promote American exports. The White House has also imposed taxes on imports from countries like China as a means of forcing allies to re-examine longstanding trade deals.

Since January 2017, the United States has imposed tariffs on $79 billion of goods and services and proposed an additional $702 billion on others foreign goods in an effort to force key trading partners to renegotiate trade agreements.

“It will be inflationary. There’s almost no way it won’t be inflationary,” said Erdoes. “When you think of tariffs on China, you have to think through: If you put tariffs on the computer industry in China, you’re only hurting — 15 percent of the companies there are Chinese. Eighty-five percent of them are U.S. and other multinationals that are going to be hurt.”

“So what does that do?” Erdoes asked. “What does it do to the rest of Asia? What does it do to U.S. companies that don’t have pricing pressure? Could they raise their prices? Now you have other inflation and so you cascade into these second or third derivatives, which is the hardest thing for people to think through.”


Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: thomas franck, david a grogan, heidi gutman
Keywords: news, cnbc, companies, tough, inflationary, thats, war, imposed, does, big, reserve, federal, think, say, spot, really, erdoes, trade, investors, goods, china, tariffs


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US launches five WTO challenges to retaliatory tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. “These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he s


The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. “These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he s
US launches five WTO challenges to retaliatory tariffs Cached Page below :
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US launches five WTO challenges to retaliatory tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico, and Turkey following U.S. duties on steel and aluminum.

The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.

“These tariffs appear to breach each WTO member’s commitments under the WTO Agreement,” he said. “The United States will take all necessary actions to protect our interests, and we urge our trading partners to work constructively with us on the problems created by massive and persistent excess capacity in the steel and aluminum sectors.”

Lighthizer’s office has maintained that the tariffs the United States has imposed on imports of steel and aluminum are acceptable under WTO rules because they were imposed on the grounds of a national security exception.

Mexico said it would defend its retaliatory measures, saying the imposition of U.S. tariffs was “unjustified.”

“The purchases the United States makes of steel and aluminum from Mexico do not represent a threat to the national security,” Mexico’s Economy Ministry said in a statement.

“On the contrary, the solid trade relationship between Mexico and the U.S. has created an integrated regional market where steel and aluminum products contribute to the competitiveness of the region in various strategic sectors, such as automotive, aerospace, electrical and electronic,” the ministry added.

Lighthizer said last month that retaliation had no legal basis because the EU and other trading partners were making false assertions that the U.S. steel and aluminum tariffs are illegal “safeguard” actions intended to protect U.S. producers.


Company: cnbc, Activity: cnbc, Date: 2018-07-17  Authors: getty images
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China does not need US soybeans for state reserves: China official

China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat. Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.


China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat. Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.
China does not need US soybeans for state reserves: China official Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-12  Authors: shannon stapleton
Keywords: news, cnbc, companies, reserves, needs, imposed, soybean, need, imports, comments, state, soybeans, duties, china, stocks, does, farmers, official


China does not need US soybeans for state reserves: China official

China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV on Thursday.

The comments by Lu Xiaodong, deputy general manager of Sinograin, on CCTV come after Beijing imposed 25 percent duties on imports of U.S. soybeans last Friday, in retaliation over measures imposed on Chinese goods by U.S. President Donald Trump.

The steep duties on beans from China’s No. 2 supplier threaten to raise costs for livestock farmers and potentially increase the price of pork, the nation’s favourite meat.

Without U.S. soybeans, China can import from South America and countries participating in China’s Belt and Road initiative to satisfy its needs for state stocks, said Lu.

There are currently ample state stocks of soybeans, he said. The size of Beijing’s soybean stockpiles is not known.

The report follows comments made by state-owned grains trader COFCO earlier this week, which also sought to soothe concerns about supplies of the oilseed in China.

China’s agriculture ministry cut its forecast for soybean imports for the 2018/19 crop year on Thursday, warning that higher prices due to trade conflict with the U.S. would curb demand as farmers switch to alternative ingredients for their animal feed.


Company: cnbc, Activity: cnbc, Date: 2018-07-12  Authors: shannon stapleton
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Ethiopia ministers OK draft law to lift state of emergency

Ethiopia’s cabinet has approved a draft law aiming to lift the country’s state of emergency that was imposed in February after months of widespread anti-government protests. It would be the most significant change so far under the country’s young new prime minister, who has spoken openly about the need for reforms. It noted that law and order has been restored,” the prime minister’s chief of staff, Fitsum Arega, said Saturday on Twitter. The current state of emergency was imposed a day after for


Ethiopia’s cabinet has approved a draft law aiming to lift the country’s state of emergency that was imposed in February after months of widespread anti-government protests. It would be the most significant change so far under the country’s young new prime minister, who has spoken openly about the need for reforms. It noted that law and order has been restored,” the prime minister’s chief of staff, Fitsum Arega, said Saturday on Twitter. The current state of emergency was imposed a day after for
Ethiopia ministers OK draft law to lift state of emergency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-02  Authors: minasse wondimu hailu, anadolu agency, getty images
Keywords: news, cnbc, companies, ok, lift, security, prime, minister, emergency, countrys, ministers, prisoners, release, draft, law, ethiopia, imposed, state


Ethiopia ministers OK draft law to lift state of emergency

Ethiopia’s cabinet has approved a draft law aiming to lift the country’s state of emergency that was imposed in February after months of widespread anti-government protests.

It would be the most significant change so far under the country’s young new prime minister, who has spoken openly about the need for reforms.

“The Council of Ministers … reviewed the security situation of the country. It noted that law and order has been restored,” the prime minister’s chief of staff, Fitsum Arega, said Saturday on Twitter.

The draft law will be sent to parliament for consideration. It was not immediately clear when that would take place.

This is the second state of emergency imposed in the East African nation, one of Africa’s strongest economies and a close security ally of the United States, during more than two years of sometimes deadly protests demanding wider freedoms and the release of political prisoners. Hundreds were killed and about 22,000 were detained.

The current state of emergency was imposed a day after former Prime Minister Hailemariam Desalegn resigned.

Since new Prime Minister Abiy Ahmed, 42, was installed in April, several thousands of prisoners have been released and tensions in restive areas, notably Oromia, have dramatically declined. Some of the high-profile releases include an Ethiopia-born Briton and opposition leader, Andargachew Tsige, and Swedish doctor Fikru Maru.

Merera Gudina, a prominent opposition politician who was arrested under the country’s first, nine-month-long state of emergency, said the emergency law shouldn’t have existed in the first place.

“The government should have known differences are not solved by the barrel of the gun but through an honest discussion,” he told The Associated Press, saying the law created an unprecedented level of confrontation between the public and the government. “But the lifting of the emergency rule and the ongoing release of detainees is a positive gesture from the new leadership.”


Company: cnbc, Activity: cnbc, Date: 2018-06-02  Authors: minasse wondimu hailu, anadolu agency, getty images
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China reportedly considers scrapping two-child limit per family

China is considering an end to the limit imposed on the number of children that each family can have, according to Bloomberg. Such a move would be a dramatic shift away from the one-child policy that China imposed on its citizens for decades. In early 2016, Beijing relaxed restrictions on its one-child policy by allowing couples to have two children. A formal announcement by China’s government could be made by the end of this year. Other data released by China’s National Bureau of Statistics rec


China is considering an end to the limit imposed on the number of children that each family can have, according to Bloomberg. Such a move would be a dramatic shift away from the one-child policy that China imposed on its citizens for decades. In early 2016, Beijing relaxed restrictions on its one-child policy by allowing couples to have two children. A formal announcement by China’s government could be made by the end of this year. Other data released by China’s National Bureau of Statistics rec
China reportedly considers scrapping two-child limit per family Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-21  Authors: shafi musaddique, nicolas asfouri
Keywords: news, cnbc, companies, report, number, million, imposed, figure, considers, limit, twochild, policy, scrapping, family, china, onechild, chinas, national, 2016, reportedly


China reportedly considers scrapping two-child limit per family

China is considering an end to the limit imposed on the number of children that each family can have, according to Bloomberg.

Such a move would be a dramatic shift away from the one-child policy that China imposed on its citizens for decades.

In early 2016, Beijing relaxed restrictions on its one-child policy by allowing couples to have two children.

A formal announcement by China’s government could be made by the end of this year.

China’s birthrate has been declining rapidly since the 1980s and has become a pressing concern for President Xi JinPing as he looks to develop the economy.

The easing of the one-child policy, which was amended in early 2016 to allow all Chinese families to have two children, helped push the number of births in the country to 17.86 million in 2016, an increase of 7.9 percent over 2015, according to state media reports citing China’s National Health and Family Planning Commission. The figure was the highest since 2000.

Other data released by China’s National Bureau of Statistics recorded a slightly higher figure of 18.46 million births in 2016.

Read the full report at Bloomberg here.

– NBC News contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-05-21  Authors: shafi musaddique, nicolas asfouri
Keywords: news, cnbc, companies, report, number, million, imposed, figure, considers, limit, twochild, policy, scrapping, family, china, onechild, chinas, national, 2016, reportedly


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