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China

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China’s factory gate prices fell for a fifth straight month in June as the coronavirus pandemic weighed heavily on industrial demand, although signs of a pickup in some parts of the sector suggest a slow economic recovery remains intact.

The producer price index (PPI) in June fell 3.0% from a year earlier, China’s National Bureau of Statistics (NBS) said in a statement on Thursday, slower than a 3.2% fall tipped by a R...


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Secretary of State Mike Pompeo said on Monday that the United States is “certainly looking at” banning Chinese social media apps, including TikTok, suggesting it shared information with the Chinese government, a charge it denied.

“I don’t want to get out in front of the President (Donald Trump), but it’s something we’re looking at,” Pompeo said in an interview with Fox News.

U.S. lawmakers have raised national securi...


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BEIJING (Reuters) - Ford Motor’s China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows.

The U.S. automaker’s Chongqing-based venture with Changan said on Monday its sales jumped 7.7% from a year earlier. It did not disclose the number of vehicles sold.

Ford’s new SUV models including Escape, Edge and Explorer are selling well and contributed to growth in past months, it said ...


AP News | Equities.com |

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce.

The Commerce Department said Thursday that the gap between the goods and services the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. The coronavirus pandemic has devastated world trade. U.S. exports fell 4.4% in May t...


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TOKYO (AP) — World stock markets were steady on Tuesday as investors weighed evidence of an economic recovery against a rise in reported coronavirus contagions in some countries.Markets were buoyed somewhat by stronger than expected manufacturing data from China, the world’s second largest economy. But other new economic indicators were mixed.France’s CAC 40 rose 0.3% to 4,960, while Germany’s DAX gained 0.7% to 12,318 after new data showed an uptick in eurozone inflat...


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SHANGHAI (Reuters) - U.S. curbs on Chinese tech firms amid the intensifying Sino-U.S. battle for tech supremacy are feeding an investment boom across China’s semiconductor industry, driving prices of both publicly traded and venture-backed companies into bubble territory. Investors have pushed the share prices of the country’s 45 listed chipmakers to over 100 times the companies’ earnings, making semiconductors the priciest sector in the stock market. ...


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WASHINGTON (Reuters) - Conflicting talk from Trump administration officials about “decoupling” the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world’s biggest economies.White House trade adviser Peter Navarro gave Asian markets a scare on Monday night by telling Fox News Channel that the U.S.-China trade deal was “over.


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WASHINGTON (AP) — President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser’s comments seemed to suggest it was over, spooking markets late Monday.Trump tweeted: “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!”The Trump administration has been extremely critical of China’s efforts to contain the novel coronavirus early on and the president repeatedly blames Chin...


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(Reuters) - Delta Air Lines Inc said on Monday it would resume flights between Seattle and Shanghai on June 25, making it the first U.S. airline to restart operations between the United States and China after flights were suspended in February due to the COVID-19 pandemic. The flights will operate twice a week in June and once a week starting July from Seattle and Detroit, Delta said. Last week, the U.S. Transportation Department said the United States and China would each allow four weekly fl...


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BEIJING (Reuters) - China has found the trading sections for meat and seafood in Beijing’s wholesale food market to be severely contaminated with the new coronavirus and suspects the area’s low temperature and high humidity may have been contributing factors, officials said on Thursday. Their preliminary report comes as the country’s capital tackles a resurgence of COVID-19 cases over the past week linked to the massive Xinfadi food center, which houses warehouses and trading halls in an ...