China developer Soho wins ‘feng shui’ lawsuit against blog who claimed its property was unlucky

A Beijing district court ruled Wednesday that a blog operator must apologize and pay more than 200,000 yuan ($29,851) to real estate developer Soho China for reputational damage. That’s after a blog run by the operator, Zhuhai Shengun Network Technology, claimed that one of the developer’s properties brought bad luck to its tenants due to inauspicious “feng shui.” Soho China is one of the largest real estate developers in the country, best known for several iconic office complexes located throug


A Beijing district court ruled Wednesday that a blog operator must apologize and pay more than 200,000 yuan ($29,851) to real estate developer Soho China for reputational damage. That’s after a blog run by the operator, Zhuhai Shengun Network Technology, claimed that one of the developer’s properties brought bad luck to its tenants due to inauspicious “feng shui.” Soho China is one of the largest real estate developers in the country, best known for several iconic office complexes located throug
China developer Soho wins ‘feng shui’ lawsuit against blog who claimed its property was unlucky Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: evelyn cheng, visual china group, getty images
Keywords: news, cnbc, companies, claimed, shui, developer, waterloo, property, feng, beijing, post, lawsuit, wins, unlucky, official, blog, china, soho, court, operator


China developer Soho wins 'feng shui' lawsuit against blog who claimed its property was unlucky

A Beijing district court ruled Wednesday that a blog operator must apologize and pay more than 200,000 yuan ($29,851) to real estate developer Soho China for reputational damage.

That’s after a blog run by the operator, Zhuhai Shengun Network Technology, claimed that one of the developer’s properties brought bad luck to its tenants due to inauspicious “feng shui.”

Feng shui is an ancient Chinese way of determining the optimal location and layout of a dwelling, office or capital for the occupants’ success. The practice, which translates to “wind and water” in Chinese, is still followed by some in China.

“The internet is not outside the bounds of the law,” Ouyang Hua, the official on the case, said in a public verdict posted on the Beijing Chaoyang District Court website.

In the Mandarin-language post translated by CNBC, the official added that companies should focus on building up core technology and “not entrust development to feng shui theory.”

The South China Morning Post first reported the court ruling.

Soho China is one of the largest real estate developers in the country, best known for several iconic office complexes located throughout Beijing.

In November, a blog called “S Shengunju S” published an article claiming that the feng shui of Soho’s Wangjing development in northeastern Beijing was a “Waterloo” for internet companies, according to Soho’s complaint to the court published online. The term refers to the Battle of Waterloo which marked the downfall of French emperor Napoleon Bonaparte in the early 19th century.

The blog also said the development was only suitable for early-stage companies, and that they should move away if they wanted to develop further, the court website said.

According to the public verdict, the article in question was read more than 100,000 times before it was deleted from the blogger’s official account on WeChat — China’s ubiquitous messaging app run by internet giant Tencent.

Tencent and Soho China did not immediately respond to a CNBC request for comment. Zhuhai Shengun Network Technology’s website returned an error message and no other method of contact was immediately apparent.

The blog operator told the Beijing court that the post was deleted and phrases such as “Waterloo” were only a form of expression and did not constitute insults.

The complex in question was designed by the late award-winning architect Zaha Hadid.

Pan Shiyi, chairman of Soho China, said in a post on Weibo, China’s version of Twitter, that the company will continue to manage Wangjing Soho with great care.

“Criticism of architecture and malicious slander are two separate things,” he said in the Mandarin-language post translated by CNBC. “The distance between reason and ignorance are worlds apart.”


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: evelyn cheng, visual china group, getty images
Keywords: news, cnbc, companies, claimed, shui, developer, waterloo, property, feng, beijing, post, lawsuit, wins, unlucky, official, blog, china, soho, court, operator


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Boeing’s about to break below a key level, and here’s how one trader is playing the drop

There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.” He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January. Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that


There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.” He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January. Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that
Boeing’s about to break below a key level, and here’s how one trader is playing the drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: annie pei, steve parsons, pa images, getty images, david paul morris, bloomberg, source, adam jeffery, han haiden, visual china group
Keywords: news, cnbc, companies, key, 200day, gordon, average, trader, boeing, break, 340, weekly, stock, shares, moving, boeings, heres, drop, 26, playing, level


Boeing's about to break below a key level, and here's how one trader is playing the drop

There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon.

On Tuesday, shares of Boeing dropped more than 1 percent after the company saw deliveries and orders on its 737 jets plummet in the first quarter.

The stock is down more than 17 percent from its high on March 1, and as it approaches its 200-day moving average, Gordon suggests a break below could open up the flood gates to more pain.

“We’ve bounced from the 200-day moving average, traded up to $400, and you’ll notice that we’ve failed at that $400 mark, which is that gap down at the beginning of that new cycle,” he said Tuesday on CNBC’s “Trading Nation.” “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.”

As a result, Gordon wants to short Boeing going into the company’s earnings report on April 24. He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January.

Since he’s not looking for “an all-out collapse” for shares of Boeing, Gordon says, he wants to play the stock using an options butterfly. In this case, he is using the combination of a put debit spread and a put credit spread.

Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that with the sale of the April 26 weekly 340-strike put and the purchase of the April 26 weekly 320-strike put. With this trade, Gordon is essentially betting that Boeing is headed to around the $340 level, at which he would make the most profit on his trade.

If Boeing shares were to close above $360 or below $320 on April 26 expiration, Gordon would lose a maximum of $279. But if Boeing were to close at $340 on April 26 expiration, then Gordon would make a maximum profit of $1,700.

Shares of Boeing were trading at $369.03 on Tuesday. The stock is down 16 percent from its 2019 high that it hit on March 1.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: annie pei, steve parsons, pa images, getty images, david paul morris, bloomberg, source, adam jeffery, han haiden, visual china group
Keywords: news, cnbc, companies, key, 200day, gordon, average, trader, boeing, break, 340, weekly, stock, shares, moving, boeings, heres, drop, 26, playing, level


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Apple’s stock falls, snapping a 9-day winning streak

Apple looks poised for 10 straight days of stock gains — Here’s what four experts say to watch 14 Hours Ago | 04:20Apple’s stock just ended its nine-day winning streak. Shares of the tech giant started Tuesday up 1% but the gains trailed off in afternoon trading, snapping a nine-day winning streak. Apple unveiled three new subscription services two weeks ago, including a TV service, gaming bundle, and all-you-can-read magazine subscription. “After a turbulent few months, calm is being restored,”


Apple looks poised for 10 straight days of stock gains — Here’s what four experts say to watch 14 Hours Ago | 04:20Apple’s stock just ended its nine-day winning streak. Shares of the tech giant started Tuesday up 1% but the gains trailed off in afternoon trading, snapping a nine-day winning streak. Apple unveiled three new subscription services two weeks ago, including a TV service, gaming bundle, and all-you-can-read magazine subscription. “After a turbulent few months, calm is being restored,”
Apple’s stock falls, snapping a 9-day winning streak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: yun li, gina francolla, han haiden, visual china group, getty images
Keywords: news, cnbc, companies, winning, tv, snapping, apples, gains, 9day, tech, analyst, streak, apple, teens, falls, subscription, stock


Apple's stock falls, snapping a 9-day winning streak

Apple looks poised for 10 straight days of stock gains — Here’s what four experts say to watch 14 Hours Ago | 04:20

Apple’s stock just ended its nine-day winning streak.

Shares of the tech giant started Tuesday up 1% but the gains trailed off in afternoon trading, snapping a nine-day winning streak. The last time Apple posted nine straight days of gains was in September 2018. Still, the multi-day rally came after Apple’s celebrity-packed event on March 25 initially disappointed investors and Wall Street.

Apple unveiled three new subscription services two weeks ago, including a TV service, gaming bundle, and all-you-can-read magazine subscription. It also announced a credit card in partnership with Goldman Sachs. But the announcement underwhelmed analysts as the pricing of TV streaming is still up in the air and they expect limited reach of the Apple Card. Shares of Apple fell on the day of the unveil as well as the day after.

Now that the dust has settled, the focus has returned to Apple’s flagship product, the iPhone. While the tech giant has suffered from slowing demand for the smartphone, it still holds a leading position in the market, analysts said.

“After a turbulent few months, calm is being restored,” Wedbush tech analyst Daniel Ives said in a note on Tuesday. “With some recent price cuts demand trends are slowly turning around in this all-important region [China] for Cupertino.” Apple is headquartered in Cupertino, California.

Apple has slashed iPhone prices by 6% in China after the company posted lower-than-expected revenue for its fiscal first quarter in the region.

A recent survey of 8,000 teens by Piper Jaffray shows Apple’s place as the dominant device brand among teens “remains well intact,” analyst Michael Olson said in a note to investors Monday. The analyst reiterated his overweight rating on Apple shares with a $201 price target.

Shares of Apple fell 0.3% to $199.5 on Tuesday. The stock is up more than 26% in 2019, with its market cap climbing to $943.5 billion as of Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: yun li, gina francolla, han haiden, visual china group, getty images
Keywords: news, cnbc, companies, winning, tv, snapping, apples, gains, 9day, tech, analyst, streak, apple, teens, falls, subscription, stock


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.


Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.
Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March.

By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67.

Meanwhile, the CSI 300, which tracks the largest stocks listed on the mainland, advanced 2.62 percent to 3,973.93.

Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists. A reading below 50 signals contraction, while a reading above that level indicates expansion.

That came on the back of Sunday’s release of the official PMI in China, which rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

“Our view is the impact of policy easing is gradually kicking in, pushing up sequential growth indicators such as PMI first,” economists from Bank of America-Merrill Lynch said in a note.

In particular, they said, the “larger-than-expected tax/fee cuts and improving financial conditions” likely provided a boost to business sentiment in the country’s manufacturing space. Furthermore, demand for industrial restocking could also have risen as commodity and raw material prices experienced a rebound.

“I think this is indeed a good number,” Tan Min Lan, head of the Asia Pacific chief investment office at UBS Wealth Management, told CNBC’s “Street Signs” on Monday.

“It is a critical number because (I) recall that a couple of weeks back one of the key concern(s) of the market is that when factories shut during the Chinese New Year period, they may not (reopen) if orders do not materialize,” she said.

“I think this set of data, it’s critical, it’s important because it suggests that production did not fall over the cliff and that the fears over industrial deflation and the fears over an unemployment surge may have been overplayed,” Tan added.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

— Reuters and CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


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China economy: smaller cities offer hopes of growth amid slowdown

Beneath the gloom overhanging China’s economy, some big companies are finding growth opportunities in smaller cities outside Beijing and Shanghai. Much of the growth for companies in these markets comes from smaller cities and county districts, which analysts say account for more than 70 percent of China’s population. “In our big picture now, these so-called lower-tier cities, they will be basically the major driver of growth in China in the next 10 to 15 years,” Robin Xing, chief China economis


Beneath the gloom overhanging China’s economy, some big companies are finding growth opportunities in smaller cities outside Beijing and Shanghai. Much of the growth for companies in these markets comes from smaller cities and county districts, which analysts say account for more than 70 percent of China’s population. “In our big picture now, these so-called lower-tier cities, they will be basically the major driver of growth in China in the next 10 to 15 years,” Robin Xing, chief China economis
China economy: smaller cities offer hopes of growth amid slowdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: evelyn cheng, qing qing, xinhua news agency, getty images, visual china group, -qin gang, deputy secretary general at center for china
Keywords: news, cnbc, companies, smaller, based, cities, hopes, amid, big, beijing, economy, chinas, china, slowdown, growth, companies, offer, lowertier


China economy: smaller cities offer hopes of growth amid slowdown

Beneath the gloom overhanging China’s economy, some big companies are finding growth opportunities in smaller cities outside Beijing and Shanghai.

Earnings and analyst reports released in the last few weeks indicate there are still many areas of untapped potential in the world’s second-largest economy.

In particular, five industries present prospects for growth: Internet, autos, healthcare, education and tourism. Much of the growth for companies in these markets comes from smaller cities and county districts, which analysts say account for more than 70 percent of China’s population.

“In our big picture now, these so-called lower-tier cities, they will be basically the major driver of growth in China in the next 10 to 15 years,” Robin Xing, chief China economist at Morgan Stanley, said in a phone interview Thursday.

China’s cities are separated into tiers based loosely on population and economic size. For example, Beijing, Shanghai, Shenzhen and Guangzhou are generally considered tier-one cities, while lower-tier cities are smaller.

Xing said his expectations for growth in less developed parts of China are based on the government’s push to develop city clusters, bringing the services and productivity levels of big cities within closer reach of the roughly 600 million people living in rural China.

He also pointed out that his growth predictions are based on the assumption that the Chinese government will follow through on reforms regarding benefits from residency permits known as “hukou,” as well as grant greater access to foreign firms.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: evelyn cheng, qing qing, xinhua news agency, getty images, visual china group, -qin gang, deputy secretary general at center for china
Keywords: news, cnbc, companies, smaller, based, cities, hopes, amid, big, beijing, economy, chinas, china, slowdown, growth, companies, offer, lowertier


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‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns

A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment. Negotiations between Washington and Beijing have taken


A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment. Negotiations between Washington and Beijing have taken
‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, vcg, visual china group, getty images
Keywords: news, cnbc, companies, warns, uschina, issues, trade, progress, think, bumps, told, making, treasury, beijing, worth, secretary, officials, road, deal, lew, jack


'More bumps in the road' before US-China trade deal, former Treasury Secretary Jack Lew warns

A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment.

Negotiations between Washington and Beijing have taken longer-than-expected, with officials at times making contradictory comments on their progress.

“I suspect there are some more bumps in the road ahead as the most difficult issues get worked out,” Lew told CNBC’s Martin Soong in Beijing, China on Monday.

“There is no reason they shouldn’t be able to make progress so that you get something done in the window… (But) I don’t think it will resolve all issues for all time.”

“I think regardless of the language used to describe the agreement, there will still be core issues for the two countries to work through… The job is not to get it done once and for all, it is to keep making progress,” Lew said.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, vcg, visual china group, getty images
Keywords: news, cnbc, companies, warns, uschina, issues, trade, progress, think, bumps, told, making, treasury, beijing, worth, secretary, officials, road, deal, lew, jack


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China should quickly get out of its huge US trade problem

The vigilant members of the China-based American and international chambers of commerce, and the World Trade Organization, will serve as keen observers that China is properly implementing and enforcing its trade regulations. Third, China can benefit from an enhanced International Monetary Fund surveillance, technically called Article IV consultations. Fourth, the IMF consultations and the OECD’s biannual examinations would provide unimpeachable expert opinions on China’s monetary policies and it


The vigilant members of the China-based American and international chambers of commerce, and the World Trade Organization, will serve as keen observers that China is properly implementing and enforcing its trade regulations. Third, China can benefit from an enhanced International Monetary Fund surveillance, technically called Article IV consultations. Fourth, the IMF consultations and the OECD’s biannual examinations would provide unimpeachable expert opinions on China’s monetary policies and it
China should quickly get out of its huge US trade problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: dr michael ivanovitch, visual china group, getty images
Keywords: news, cnbc, companies, quickly, china, trade, examinations, chinas, economic, monetary, americas, american, huge, international, problem, policies


China should quickly get out of its huge US trade problem

First, approach the issue with a sense of urgency it deserves. Promptly begin to diversify Chinese exports away from U.S. markets, and strongly step up purchases of American goods and services to quickly stop and markedly reverse the trend of China’s growing bilateral trade surpluses.

Second, with such a sincere show of good faith, Beijing should adopt regulatory changes offering internationally comparable guarantees for the protection of intellectual property and prohibition of forced technology transfers to Chinese joint-venture partners. China’s apparently large panoply of non-tariff barriers to trade should also be dismantled.

The vigilant members of the China-based American and international chambers of commerce, and the World Trade Organization, will serve as keen observers that China is properly implementing and enforcing its trade regulations.

Third, China can benefit from an enhanced International Monetary Fund surveillance, technically called Article IV consultations. That would make sure that China’s monetary, fiscal and structural economic policies — which include both domestic and foreign trade — are fully in compliance with international rules and best practice policies.

In addition to that, China may also wish to engage in extensive biannual economic examinations with the Organization of Economic Cooperation and Development to get an independent expert assessment of the entire spectrum of its economic policies. That’s what the OECD does well, and that could be a very useful source of unbiased advice. Such examinations would also shield China from widely publicized amateurish attacks on its economic management.

Fourth, the IMF consultations and the OECD’s biannual examinations would provide unimpeachable expert opinions on China’s monetary policies and its managed floating exchange rate. That would preserve China’s monetary sovereignty and offer much-needed advice about the country’s highly sensitive capital account transactions.

How China frames those steps within the ongoing trade negotiations with the United States is a matter of its own judgment.

But one thing should be clear: Dragging on the negotiating process while continuing to accumulate China’s huge surpluses on American trades is over. Washington has finally come to the point where it can no longer tolerate inconclusive talk fests while China laughs all the way to the bank.

To be sure, though, getting the trade surplus issue out of the way will not radically improve the U.S.-China relations. That’s impossible as long as America’s security experts consider China a “strategic competitor” and “a revisionist power” determined to challenge America’s world order.

One could expect, however, that a meaningful progress on bilateral trade problems could open more space to address acute security issues in a constructive manner, although, again, there is no guarantee for such an outcome. China’s contested maritime borders, Korean problems and Beijing’s Belt and Road transactions will remain America’s war and peace issues for the foreseeable future.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: dr michael ivanovitch, visual china group, getty images
Keywords: news, cnbc, companies, quickly, china, trade, examinations, chinas, economic, monetary, americas, american, huge, international, problem, policies


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Chinese smartphone sales keep on falling — that’s likely bad news for Apple

China’s mobile phone market suffered its worst month in years as device shipments plunged, with the data potentially highlighting further signs of pain for Apple in the world’s largest smartphone market. Mobile phone shipments in China totaled 14.51 million in February, a nearly 20 percent year-on-year fall, according to data released Tuesday by the China Academy of Information and Communications Technology. Shipments of smartphones specifically totaled 13.8 million, a fall of over 20 percent ye


China’s mobile phone market suffered its worst month in years as device shipments plunged, with the data potentially highlighting further signs of pain for Apple in the world’s largest smartphone market. Mobile phone shipments in China totaled 14.51 million in February, a nearly 20 percent year-on-year fall, according to data released Tuesday by the China Academy of Information and Communications Technology. Shipments of smartphones specifically totaled 13.8 million, a fall of over 20 percent ye
Chinese smartphone sales keep on falling — that’s likely bad news for Apple Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: arjun kharpal, visual china group, getty images
Keywords: news, cnbc, companies, apple, according, china, bad, sales, smartphone, falling, totaled, data, thats, worst, yearonyear, released, month, chinese, likely, shipments


Chinese smartphone sales keep on falling — that's likely bad news for Apple

China’s mobile phone market suffered its worst month in years as device shipments plunged, with the data potentially highlighting further signs of pain for Apple in the world’s largest smartphone market.

Mobile phone shipments in China totaled 14.51 million in February, a nearly 20 percent year-on-year fall, according to data released Tuesday by the China Academy of Information and Communications Technology.

Shipments of smartphones specifically totaled 13.8 million, a fall of over 20 percent year-on-year, according to CAICT, a government-backed research institute.

February is typically weak for smartphone sales in China because of a the week-long Chinese New Year public holiday and the fact that new phones are released toward the back-end of the month. But February 2019 was the worst month for shipments going back to at least 2013, according to publicly available data from CAICT.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: arjun kharpal, visual china group, getty images
Keywords: news, cnbc, companies, apple, according, china, bad, sales, smartphone, falling, totaled, data, thats, worst, yearonyear, released, month, chinese, likely, shipments


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