|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.000 - 0.000|
|52 Week Range|
|PE Ratio (TTM)||19.59|
|Forward Dividend & Yield||0.41 (1.60%)|
|1y Target Est||N/A|
WASHINGTON/BEIJING (Reuters) - China is "meeting many" Trump administration demands to cut its trade surplus with the United States, but a definitive deal to resolve deep trade differences could take a while to develop, White House economic adviser Larry Kudlow said on Friday. "China has come to trade," Kudlow told reporters at the White House as U.S. officials met with a Chinese trade delegation for a second day in Washington.
U.S. Commerce Secretary Wilbur Ross is having a second look at trade remedies in the case of China telecommunications company ZTE Corp "and if there are any structural changes in their case, they will be very harsh," White House economic adviser Larry Kudlow told Fox Business Network on Friday. "Change of management, change of board, change of everything ... it's up to Mr. Ross, who will make a recommendation to the president," said Kudlow, director of the National Economic Council.
China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said. One of the sources said U.S. aircraft maker Boeing Co (BA.N) would be a major beneficiary of the Chinese offer if Trump were to accept it.
President Donald Trump said on Thursday that China had become "very spoiled" on trade with the United States and cast doubt on the success of his efforts to rebalance the relationship with Beijing as high-stakes U.S.-China negotiations opened in Washington.
Investing.com – Asian equities were mostly lower in morning trade on Thursday after North Korea threatened to walk away from its meeting with U.S. President Donald Trump planned next month. The U.S.-China trade talks, which would be held on Thursday in Washington, also garnered some attention.
Moody's Investors Service says that US restrictions on technology transfers and Chinese investment could disrupt China's near-term development of its tech sectors, but would be unlikely to alter its long-term development plan as the Chinese government could increase its spending on the sectors to mitigate the impact. "Although China is moving toward technological self-sufficiency, some core technologies still rely on components and services from the US and other advanced economies," says Lillian Li, a Moody's Vice President and Senior Analyst.
The United States and China launch trade talks on Thursday in a bid to avert a damaging tariff war, with the White House's harshest China critic relegated to a supporting role, senior Trump administration officials said on Wednesday. Peter Navarro, the White House trade and manufacturing adviser, will not be a principal player on the U.S. side, two officials said. Instead, U.S. Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer will lead the American delegation in talks with Chinese Vice Premier Liu He, the top economic adviser to President Xi Jinping.
FBI Director Christopher Wray told a Senate panel on Wednesday that the law enforcement agency is "deeply concerned" about any company like China's ZTE gaining positions of power in the U.S. telecommunications market. Wray also said he was not aware if President Donald Trump made any attempt to consult with the FBI for its views before he recently sent a note on Twitter promising to help ZTE restore jobs after U.S. sanctions prompted it to suspend its main business operations.
U.S. President Donald Trump said in tweets on Wednesday that "nothing has happened" with China's ZTE Corp and that Beijing has "much to give" Washington on trade, denying suggestions that his administration was "folding" in negotiations with Beijing. Trump on Monday had defended his decision to revisit penalties on ZTE for flouting U.S. sanctions on trade with Iran, in part by saying it was reflective of the larger trade deal the United States is negotiating with China. "Nothing has happened with ZTE except as it pertains to the larger trade deal," Trump said on Twitter.
Moody's Investors Service says that regulators continue to focus and make progress on de-risking China's financial sector with coordinated measures, and that the growth of shadow banking assets will accordingly remain constrained in 2018. "The result is reflected in our adjusted total social financing (TSF) series, growth of which is now more aligned with nominal GDP growth -- a sign that the buildup of economy-wide leverage has been further contained," says Michael Taylor, a Moody's Managing Director and Chief Credit Officer for Asia Pacific. Moody's conclusions are contained in its just-released "Quarterly China Shadow Banking Monitor".
White House economic adviser Larry Kudlow said on Tuesday it was far from certain what steps the U.S. government would take on China's ZTE Corp, which he characterized as an enforcement, rather than trade, issue. U.S. President Donald Trump has directed the Commerce Department to revisit penalties for telecom equipment maker ZTE for flouting U.S. sanctions on trade with Iran, saying it is a big customer of U.S. suppliers.
Samsung Electronics is in talks with several smartphone makers including China's ZTE to supply mobile processor chips, a senior executive said, a move that will bring it in more direct competition with larger rival Qualcomm. The South Korean tech giant generates the bulk of its profit from its basic memory chips and has been beefing up development of logic chips such as mobile processors, image sensors and automotive chips to diversify. Its flagship Exynos mobile chips power Samsung's Galaxy line of smartphones, but the chipset has only one external smartphone client - China's Meizu Technology.
Investing.com – Asian equities fell in afternoon trade on Tuesday after China reported weaker-than-expected April investment and retail sales data.
Investing.com – The dollar dropped slightly against the other major currencies on Tuesday morning in Asia. China’s industrial data was in focus as its positive reading supported the Aussie.
Investing.com – Asian equities were mixed in morning trade on Tuesday. MSCI on Tuesday unveiled the list of 234 China A shares to be added to its relevant global and regional indexes in June.
President Donald Trump this weekend tweeted that he’d be working with China to find a way for Chinese smartphone maker ZTE Corp. (0763.HK) to restart its operations. Here’s a look at the tech subsectors that moved based on Trump’s openness to a reversal of the ban.
Employees of ZTE Corp, the Chinese telecom equipment maker, are cheering a tweet by U.S. President Donald Trump that suggested a resolution is in sight for a devastating ban on sales to the Chinese company. In an unexpected reversal of a hardline U.S. stance on the issue, Trump said on Twitter on Sunday that he and Chinese President Xi Jinping were working together to give ZTE "a way to get back into business, fast", citing the loss of many jobs in China. ZTE was last month hit by a move by Washington to forbid U.S. firms supplying the Chinese company with components and technology after it was found to have violated U.S. export restrictions by illegally shipping goods to Iran.
BEIJING (Reuters) - China's Foreign Ministry said on Monday the country appreciated the U.S. position on ZTE Corp, following a pledge by President Donald Trump to help the firm "get back into business, ...
Investing.com – Asian equities rose in afternoon trade amid signs of easing U.S.-China trade tension as U.S. President Donald Trump ordered the Commerce Department to get Chinese telecom equipment maker ZTE Corp back into business.
Investing.com - Asian equities advanced in morning trade amid news that U.S. President Donald Trump ordered the Commerce Department to get ZTE Corp back into business.
ZTE paid over $100 million each to Qualcomm Inc, Broadcom Inc, Intel Corp and Texas Instruments, the official said. As one of the world's largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm and Intel for components.
ZTE Corp's main business operations have ceased due to a ban imposed by the U.S. government, but China's second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday. ZTE was hit by a ban last month from Washington, forbidding U.S. firms from supplying it with components and technology after it was found to have violated U.S. export restrictions by illegally shipping goods to Iran. "As a result of the Denial Order, the major operating activities of the company have ceased," ZTE said in the exchange filings late on Wednesday.
Moody's Investors Service has just published its May edition of Inside China, a quarterly newsletter. In particular, Moody's says that the direct effects of proposed US tariffs on China's exports and economy are likely underestimated, and that the full extent of their overall impact will be seen through knock-on effects. On China's debt-for-equity swap framework, Moody's says that this framework renders near-term liquidity relief to affected Chinese corporates, giving them time to restore their business and credit profiles.
China's ZTE Corp has submitted an application to the U.S. Commerce Department's Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed a seven-year ban on U.S. companies selling components and software to ZTE last month after finding that the Chinese telecoms company breached U.S. sanctions on Iran. ZTE's exchange filing on Sunday did not give details of its request or say when it had been made, but it did say that the company had provided additional material at the BIS's request.