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CGCC Week In Review

     

Connecting People, Building Trust, Expanding Cooperation

week21 | 2019

week21 | 2019

Weekly Headlines
U.S. Slows Hiring of Chinese Nationals by Chip Makers - WSJ
The U.S. has sharply slowed approvals for the nation’s semiconductor companies to hire Chinese nationals for advanced engineering jobs, according to industry insiders, a shift that comes amid broad White House efforts to protect U.S. technological know-how.
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China 'committed' to forging new trade deal with Trump, country's ambassador tells Fox News | Fox News
This material may not be published, broadcast, rewritten, or redistributed. ©2019 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.
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Big Retailers’ Sales Lag as They Gird for Tariffs - WSJ
Sales at several major chains slowed during the latest quarter, clouding the outlook for the retail sector as it braces for the impact of higher tariffs on merchandise imported from China.
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Trade Disputes Are Weakening Future Growth, OECD Says - WSJ
Conflicts between the U.S. and its major trade partners have weakened business investment around the world, threatening to hamper future as well as current rates of economic growth, the Organization for Economic Cooperation and Development said Tuesday.
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Tesla Stock Hits Lowest Level Since 2016 as Car Maker’s Outlook Debated - WSJ
 TSLA -2.69%Tesla Inc. shares touched their lowest level in more than two years as prices on its bonds also slumped, a sign of investors’ growing doubts about the car maker’s outlook.
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U.S. Plans Temporary Exemptions to Huawei Blacklist - WSJ
U.S. officials said Monday they would grant a handful of temporary exceptions to an export blacklist against Huawei Technologies Co., giving some suppliers and customers of China’s telecom giant a 90-day reprieve from tough trade penalties.
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U.S. Farmers, Wanting a Trade Deal, Brace for Aid Package Some Fear Will Fall Short - WSJ
Stalled trade talks between Beijing and Washington are exacerbating a slump in the U.S. Farm Belt, and many farmers don’t believe an aid package being assembled by the Trump administration will be enough to compensate for the economic damage.
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Google Cuts Off Huawei Smartphones From Some Android Services - WSJ
Google is halting some services for smartphones made by Huawei Technologies Co., according to people familiar with the matter, in a sign that the U.S. decision to deny the Chinese tech giant access to U.S. technology will bite into its booming consumer-device business.
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U.S. Reaches Deal With Canada, Mexico to End Steel and Aluminum Tariffs - WSJ
WASHINGTON—The Trump administration reached agreements with Canada and Mexico to end U.S.-imposed tariffs on steel and aluminum imports and unwind retaliatory measures, removing a major barrier to the three countries’ new trade pact.
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week20 | 2019

week20 | 2019

Weekly Headlines
US consumers start to pay price of trade war with China | Financial Times
Donald Trump has been sounding supremely confident that US consumers will emerge unscathed from his trade war, but economists fear households are already starting to be hit by earlier rounds of tariffs and will face a mounting burden as hostilities escalate.
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Trump Proposes New Immigration Plan Based on Worker Skills - WSJ
WASHINGTON—President Trump outlined his administration’s new immigration proposal on Thursday, declaring it a “common sense” plan that “builds upon our nation’s rich history of immigration.”
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Silicon Valley Will Feel Sting of Export Restrictions Against Huawei - WSJ
A U.S. clampdown on exports to Huawei Technologies Co. threatens to disrupt the Chinese company’s access to critical suppliers across its businesses, from smartphones to 5G equipment—and Silicon Valley could share in the pain.
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Who Pays the Trump Tariffs? We Do, These Americans Say - WSJ
Escalating tariffs between the U.S. and China have fueled an acrimonious debate over who’s paying. President Trump says China; his critics say Americans.
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Alibaba, Tencent Post Robust Results - WSJ
BEIJING—China’s two biggest internet companies are continuing to boom, even as the Chinese economy slows, but Tencent Holdings Ltd. TCEHY -1.15% and Alibaba Group Holding Ltd. BABA 1.58% are looking to new businesses to sustain their staggering growth.
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U.S. Targets Huawei as It Seeks to Revive China Trade Talks - WSJ
WASHINGTON—President Trump signed an executive order that would let the U.S. ban telecommunications gear from “foreign adversaries,” underscoring tensions with China even as the U.S. said it would likely resume trade talks soon in Beijing after reaching an impasse last week.
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Trump to sign order laying ground for Huawei ban | Financial Times
President Donald Trump is poised to issue an executive order as early as Wednesday that would effectively prohibit US companies from using any telecoms equipment manufactured by China’s Huawei.
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U.S. Births Fall to Lowest Rates Since 1980s - WSJ
The number of babies born in the U.S. last year fell to a 32-year low, deepening a fertility slump that is reshaping America’s future workforce.
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Trump Sees China Trade Deal ‘When the Time Is Right’ - WSJ
WASHINGTON—President Trump signaled he was in no rush to reach a trade deal with China and pledged that the federal government would come to the financial aid of American farmers hurt by Beijing’s retaliatory tariffs.
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Bitcoin Surges Above $8,000; Investors Say ‘Crypto Winter’ Is Over - WSJ
Winter is over for the cryptocurrency market.
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U.S. Tariffs Knock Chinese Yuan - WSJ
Escalating trade tensions have pounded the yuan, reviving questions about China’s willingness to use its currency as a tool of trade policy.
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Trade Fight Escalates as China Hits U.S. With Higher Tariffs - WSJ
The U.S.-China trade dispute escalated sharply Monday, as Beijing retaliated against higher U.S. tariffs with plans to increase levies on $60 billion in U.S. imports and Washington laid out nearly $300 billion of new Chinese imports that would face 25% levies as early as this summer.
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US says Trump-Xi trade talks likely at G20 summit - - Financial Times
Donald Trump’s top economic adviser sought to contain the fallout from the escalation of trade tensions with Beijing, saying there was a “strong possibility” the US president would meet with Xi Jinping, China’s president, to rescue a deal at the G20 summit in Japan next month.
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China Invites U.S. Negotiators to Continue Trade Talks, White House Economics Adviser Says - WSJ
WASHINGTON—China has invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing to continue trade negotiations, White House economic adviser Larry Kudlow said Sunday.
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Frustration, Miscalculation: Inside the U.S.-China Trade Impasse - WSJ
The U.S. and Chinese governments both sent signals ahead of their trade talks in Washington last week that a pact was so near they would discuss the logistics of a signing ceremony.
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week19 | 2019

week19 | 2019

CGCC News
CGCC Hosted 2019 Lunch & Learn Event: “Overview of the U.S. Advertising Market & Strategies to Navigate Through It”
On May 9th, China General Chamber of Commerce – USA (CGCC) hosted “Overview of the U.S. Advertising Market & Strategies...
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Weekly Headlines
FCC Denies China Mobile’s Bid to Provide International Telecom Services in the U.S. - WSJ
WASHINGTON—The U.S. blocked a Chinese telecom giant from providing services via American networks, the latest sign of escalating tension between the two global powers.
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US business frustrated as Trump reignites China trade fight | Financial Times
As the Trump administration ploughed ahead with plans to slap higher tariffs on Chinese goods instead of striking a deal to end the trade war with Beijing, the US Council for International Business, which represents the largest American multinationals in Washington, reacted with palpable frustration. 
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U.S. Slaps Higher Tariffs on Chinese Imports as Trade Talks Resume - WSJ
WASHINGTON—The U.S. increased tariffs on $200 billion of Chinese goods to 25% Friday as President Trump ratcheted up pressure on Beijing and threatened to impose additional levies on virtually everything China exports to the U.S.
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For Blackstone, Insurance Is Next Big Push on Route to $1 Trillion Asset Goal - WSJ
Blackstone Group BX 0.62% LP is planning to build its insurance business into a powerhouse as it casts about for new sources of cash in a bid to build a trillion-dollar stockpile of assets.
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Uber Set to Price IPO at Midpoint of Target Range or Below - WSJ
Uber Technologies Inc. is on track to price its initial public offering at the midpoint of its target or below, according to people familiar with the matter, following a big stock-market drop and the disappointing debut of rival Lyft Inc.
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Why China Decided to Play Hardball in Trade Talks - WSJ
The new hard line taken by China in trade talks—surprising the White House and threatening to derail negotiations—came after Beijing interpreted recent statements and actions by President Trump as a sign the U.S. was ready to make concessions, said people familiar with the thinking of the Chinese side.
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After Trump's tweets, three main outcomes to US-China talks | Financial Times
Donald Trump’s tweets on Sunday afternoon shattered the air of inevitability that surrounded the prospects of a deal to end the US trade war with China. By giving Beijing an ultimatum — either make new concessions or face higher tariffs by Friday — Mr Trump raised the stakes and signalled that he was prepared to see the talks collapse.
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Stocks Sink as Trade Tensions Mount - WSJ
The stock market’s declines deepened Tuesday, with the Dow Jones Industrial Average sliding more than 450 points, as investors braced for the increased likelihood the U.S. will raise tariffs on Chinese goods later this week.
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China Agrees to Resume U.S. Trade Negotiations - WSJ
BEIJING—China is sending its top trade envoy to Washington to resume negotiations and confront U.S. demands that Beijing detail the laws it would change as a part of a trade deal, ahead of a deadline set by President Trump to raise tariffs on Chinese goods.
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Google Prepares to Launch New Privacy Tools to Limit Cookies - WSJ
Google is set to launch new tools to limit the use of tracking cookies, a move that could strengthen the search giant’s advertising dominance and deal a blow to other digital-marketing companies, according to people familiar with the matter.
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Buckle Up For a Weaker Chinese Yuan - WSJ
The yuan’s tumble on Monday leaves the currency just a couple of days of bad news from the totemic seven-to-the-dollar exchange rate that China’s government is loath to let it breach. Sooner or later, Beijing will have to deal with a yuan on the wrong side of that level.
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China's Liu He will join US China trade talks after Trump tariff threat
Chinese Vice Premier Liu He is expected to join a delegation in the United States this week, a potentially positive sign for a trade agreement between the U.S. and China even as the Trump administration says it will hike tariffs on Chinese goods.
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Trump threatens to lift tariffs on China to 25 per cent | Financial Times
US president Donald Trump has threatened to raise tariffs on all Chinese imports to 25 per cent, sharply ratcheting up pressure on Beijing to make concessions in a make-or-break round of trade negotiations set for this week.
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Jobless Rate Falls to Lowest in Nearly 50 Years as Employers Ramp Up Hiring - WSJ
WASHINGTON—The U.S. labor market showed historic strength in April, with employers hiring at a faster pace and the unemployment rate falling to a half-century low.
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Chinese Negotiators Prepare to Go to Washington for Trade Talks - WSJ
BEIJING—A Chinese delegation is preparing to travel to the U.S. for trade talks, China’s Foreign Ministry said, despite President Trump’s surprise threat to ramp up tariffs on Chinese imports.
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week18 | 2019

week18 | 2019

CGCC News
CGCC and Standard Chartered Bank Co-hosted Market Update Seminar and New Members Welcome Reception in New York
China General Chamber of Commerce–USA (CGCC) and Standard Chartered Bank co-hosted the Market Update Seminar and Welcomi...
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CGCC Hosted 2019 Lunch & Learn Event: “Women in Business”
About 30 female leaders from CGCC member companies including China Merchant's Bank, CICC US Securities, Inc., Fosun Inte...
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Weekly Headlines
China says to further open up banking and insurance sectors - Reuters
BEIJING (Reuters) - China will further open up its banking and insurance sectors, the country’s top banking and insurance regulator said in comments published on Wednesday.
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特斯拉终于决定融资,拟最高筹集23亿美元 - 华尔街日报
特斯拉(Tesla Inc., TSLA)正寻求通过发行债券和股票融资最多23亿美元。这家电动汽车制造商上周公布第一财季大幅亏损,令外界对该公司不断减少的现金储备愈加担忧。
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美国考虑加大对伊制裁,锁定其他美元来源 - 华尔街日报
美国官员表示,特朗普政府考虑加大力度执行对伊朗的经济制裁,瞄准与伊朗做生意的更多公司和金融机构,以切断该国的美元计价硬通货来源。
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Facebook Tries a New Look as Zuckerberg Proclaims a New Era - WSJ
Facebook Inc. FB -0.19% rolled out a substantial redesign of its website and mobile app, as Chief Executive Mark Zuckerberg seeks to address criticism of the social-media giant’s influence by nudging users toward different types of engagement and more private communication tools.
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Fed Holds Rates Steady, Signals Concern Over Sluggish Spending, Low Inflation - WSJ
WASHINGTON—Federal Reserve officials agreed to keep their benchmark interest rate unchanged and signaled comfort that their wait-and-see posture had steadied the economy after fears of a slowdown had sent markets reeling at the end of last year.
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U.S.-China Trade Deal in Sight After Progress on Tariffs, Market Access - WSJ
Negotiators made headway on thorny issues in the U.S.-China trade dispute, including access to key markets and how to roll back punitive tariffs, as both sides prepare for talks they hope will clinch a deal.
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Apple’s iPhone Revenue Drops 17% - WSJ
Apple Inc. AAPL -1.93% posted its first back-to-back drop in quarterly sales and profit in more than two years, but the tech titan reported strength beyond its struggling iPhone business and said a sharp downturn in China showed signs of easing.
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Global asset managers jostle for China prize | Financial Times
China offers global asset managers the prospect of a lucrative stream of profits if they can outflank their rivals in the race to build mainland investment businesses with scale.
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Tariffs That Started the U.S.-China Trade Conflict Now Dog Its Finish - WSJ
BEIJING—As U.S. and Chinese officials try to close a trade deal, the punitive tariffs the governments slapped on each country’s goods in the conflict stand as a major obstacle, according to officials and others briefed on the talks.
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Alibaba Agrees to Pay $250 Million to Resolve Complaints Over Pre-IPO Counterfeit Claims - WSJ
Alibaba Group Holding Ltd. BABA -0.08% has agreed to pay $250 million to resolve investors’ lawsuits that accused the company of not disclosing before its $25 billion initial public offering that officials had met with the Chinese government regarding alleged counterfeit products sold on its platforms.
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China’s Manufacturing Activity Falters - WSJ
BEIJING—A gauge of China’s factory activity weakened sharply, suggesting that any turnaround in the world’s second-largest economy after months of slower growth has yet to take root.
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Mnuchin Suggests China Trade Talks Could Wrap Up by End of Next Week - WSJ
Treasury Secretary Steven Mnuchin suggested Monday that trade talks with China could be wrapped up by the end of next week, following two more rounds of negotiations.
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China's BYD reports 632% jump in profits as rival Tesla falters — Quartz
Electric car maker BYD is speeding ahead of Tesla with respect to profitability. The Chinese company today (April 28) reported a 632% jump in profits in the first quarter from a year ago. Days earlier, the US car company led by Elon Musk announced one of its worst quarters ever.
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Xi says more nations joining Belt and Road, $64bn in deals
Beijing (AFP) - Chinese President Xi Jinping said Saturday $64 billion in deals were signed at a summit on his Belt and Road Initiative and more nations would join the global infrastructure programme as he sought to ease concerns over the colossal project.
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U.S. Economy Grew at 3.2% Rate in First Quarter - WSJ
WASHINGTON—The U.S. economy started 2019 with a pop, growing rapidly despite multiple headwinds, including weaker domestic demand, suggesting the current expansion has more room to run in its 10th year.
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week17 | 2019

week17 | 2019

CGCC News
CGCC & BOC Bring Together Over 90 Top Human Resources Professionals at Forum
On April 24th, China General Chamber of Commerce – USA (CGCC) and CGCC member company Bank of China USA co-hosted the A...
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Weekly Headlines
CGCC & BOC Bring Together Over 90 Top Human Resources Professionals at Forum - China General Chamber of Commerce - U.S.A.
On April 24th,  China General Chamber of Commerce – USA (CGCC) and CGCC member company Bank of China USA co-hosted the Asian HR Forum at the Bank of China in New York. Led by top professionals from CGCC member company Littler Mendelson, Ameriprise Financial, Berry Appleman & Leiden LLP (BAL), and Mercer, the forum provided attendees with access to updates on local employment laws, advanced HR information and networking opportunities. Over 90 Human Resources (HR) professionals, local attorneys, and Asian industry leaders from leading Chinese and American companies came together for the event.
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Microsoft Hits $1 Trillion Market Value for First Time - WSJ
The $1 trillion club just got its third member: Microsoft Corp. MSFT 3.31%
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Dollar’s Strength Hits Emerging-Market Currencies - WSJ
Emerging-market currencies extended their declines, as a strengthening dollar sparked worries over the financial outlook for countries such as Argentina and Turkey.
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Microsoft’s Cloud Business Continues to Boom as Windows Sales Rebound - WSJ
Microsoft Corp. MSFT -0.34% rode its cloud-computing business to another strong quarter, while sales of its Windows operating system rebounded from recent weakness caused by a scarcity of computer chips that has hurt PC sales.
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Didi Dominates Ride-Hailing in China but Loses Money on Many of Its Trips - WSJ
Didi Chuxing Technology Co. beat out Uber Technologies Inc. in China, but nearly three years later the startup, whose investors include its former rival and SoftBank Group Corp. , still struggles with profitability in its core ride-hailing business.
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Facebook Sets Aside $3 Billion to Cover Expected FTC Fine - WSJ
Facebook FB -0.65% Inc. set aside $3 billion for an expected fine from the Federal Trade Commission over privacy violations, cutting into the social-media giant’s profit even as its underlying business remained strong.
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Theresa May approves Huawei for UK 5G in snub to US | Financial Times
Theresa May and her senior ministers have said the Chinese telecoms company Huawei can build some non-core parts of Britain’s 5G data network, despite a warning from the US that this would put co-operation over security at risk.
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AIG Offshoot Rides Chinese Insurance Boom - WSJ
Once the crown jewel of American International Group Inc., pan-Asian life insurer AIA has eclipsed its former parent thanks to soaring demand from China’s middle class.
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Mnuchin and Lighthizer to head to Beijing as trade talks resume | Financial Times
Top US trade officials will travel to Beijing next week for another round of negotiations with their Chinese counterparts, as the world’s two biggest economies inch closer to a new trade deal.
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Tesla’s Elon Musk Promises Robot Taxis by Next Year - WSJ
Tesla Inc. TSLA -3.85% Chief Executive Elon Musk made his case for an on-demand robot taxi fleet that he promised would begin next year, an ambitious bet that would thrust the auto maker into the cutthroat business of ride-hailing.
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Social Security Costs to Exceed Income in 2020, Trustees Say - WSJ
WASHINGTON—Social Security’s costs are expected to exceed its income in 2020 for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits.
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Luckin Coffee files for US IPO
China’s Luckin Coffee on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission.
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U.S. to End Iran Oil Waivers to Drive Tehran’s Exports to Zero - WSJ
WASHINGTON—The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, part of the Trump administration’s effort to drive Iran’s exports to zero, people familiar with the decision said.
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Huawei revenue rises 39% despite US pressure on 5G | Financial Times
First-quarter revenue at Huawei rose 39 per cent from the previous year to Rmb179.7bn ($26.8bn), an increase that suggests US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth.
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Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations - WSJ
WASHINGTON—The accord now being drawn up to resolve the trade fight between the world’s two largest economies promises better treatment of U.S. companies in China and more Chinese orders for U.S. crops and other products.
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week16 | 2019

week16 | 2019

Weekly Headlines
High returns will be hard to come by in these frustrating times | Financial Times
The world is in an awkward place. High debt levels, little inflation, slowing economic growth, not to mention restive politics — it is a poor combination. While markets ended the first quarter in a better place than the end of 2018, primarily due to policies in China and the US, the next few months will be frustrating.
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FCC chair opposes China Mobile’s effort to enter US market | Financial Times
Ajit Pai, chairman of the US Federal Communications Commission, said on Wednesday he opposes China Mobile’s effort to offer telecommunications services in the US amid concerns over national security.
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China’s Job Market Blues - WSJ
American politicians have complained for years about China and other low-cost producers stealing U.S. jobs. Now the shoe is on the other foot, complicating the task of investors looking to play a Chinese growth rebound.
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Shrinking U.S. Trade Gap, China Growth Bode Well for Global Economy - WSJ
WASHINGTON—A narrower U.S. trade deficit in February and stronger-than-expected economic growth in China suggested the global economy’s outlook may be brightening headed into the spring.
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China’s Policy Priorities Deliver ‘Front-Loaded’ Growth - WSJ
SHANGHAI—At the start of a politically sensitive year in China, policy makers are promoting economic expansion and putting aside restructuring needed to keep debt from hobbling the economy.
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U.S., China Set Tentative Timeline for Next Round of Trade Talks - WSJ
WASHINGTON—The U.S. and China are planning two rounds of face-to-face meetings as they seek to wrap up a trade deal, with negotiators aiming for a signing ceremony in late May or early June, according to people familiar with the situation.
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China eyes U.S. poultry, pork imports in trade talks: sources - Reuters
NEW YORK/CHICAGO (Reuters) - China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said.
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China house price surge points to recovery | Financial Times
House prices in 70 Chinese cities increased an average of 10.6 per cent year on year in March, the quickest gain since April 2017 and the latest indication that the world’s second-largest economy is rebounding after a difficult start to the year.
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China Growth Beats Expectations Thanks to Humming Factories - WSJ
SHANGHAI—China’s economic growth held to a 6.4% rate in the first three months of the year as factory production picked up significantly amid signs authorities worked forcefully to stabilize business following months of weakness.
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Cisco Exec Taps Startup Skills in Battle Against Slack, Microsoft Teams - WSJ
Cisco Systems Inc. is turning to smart software in a bid to ward off a number of fast-growing rivals challenging its lead in the enterprise-collaboration market, which helps employees within an organization communicate with chat, videoconferencing and other tools.
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Apple and Qualcomm’s Billion-Dollar Staredown - WSJ
A meeting between Tim Cook and Steve Mollenkopf a year ago at Apple Inc.’s AAPL 0.18% headquarters started with a tense moment.
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China Investigates Ericsson Over Licensing as 5G Competition Heats Up - WSJ
Authorities in China are investigating Swedish telecom-equipment giant Ericsson ERIC -2.03% AB while the firm’s Chinese rival, Huawei Technologies Co., moves to counter a U.S. campaign to limit its business, the latest signs of global jockeying to shape next-generation 5G information networks.
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Global Stock Rally Defies Dimming Economic Outlook - WSJ
Global stocks are rising at the fastest pace in decades as growth around the world slows, leaving many investors questioning how much longer the market can defy the gravity of the underlying economics.
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China Trade Numbers Raise Red Flags on Embryonic Economic Recovery - WSJ
BEIJING—China’s trade performance last month raised questions about demand in the global and Chinese economies, as exports rebounded and imports fell at rates steeper than expected.
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Mnuchin Says Trade Talks Near Final Round - WSJ
Treasury Secretary Steven Mnuchin said Saturday the U.S. and China are continuing to make progress on trade talks and “getting close to the final round of concluding issues.”
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week15 | 2019

week15 | 2019

CGCC News
Addressing the Department of Justice’s “China Initiative” and Related Increases In the Enforcement of U.S. Law Targeting China Companies
On April 4th, 2019, China General Chamber of Commerce – USA (CGCC) partnered with Blank Rome LLP to hold “CGCC Legal and...
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Weekly Headlines
US-China trade dispute still hot air for some investors | Financial Times
Once the US and China successfully wrap up their trade talks, global markets are in for a further rally. Or so the theory goes. After all, you can already see it in the world-beating 30 per cent rally in the Shanghai Composite stock index so far this year, and in the way global stocks bob higher and lower on smoke signals from the talks.
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Trump raises possibility of future meetings with North Korea’s Ki | Financial Times
US President Donald Trump is holding open the possibility of further meetings with North Korean leader Kim Jong Un following their failure to agree a denuclearisation deal at their Hanoi summit in February.
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U.S., China Reach Accord on Trade-Deal Enforcement, Mnuchin Says - WSJ
WASHINGTON—The U.S. and China have agreed on an enforcement mechanism for their potential trade deal, Treasury Secretary Steven Mnuchin said, suggesting one of the key stumbling blocks toward an accord had been cleared.
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Uber to Have Task of Explaining Its Diverse Businesses as It Closes In on IPO - WSJ
Uber Technologies Inc. is moving closer to an IPO, but due to its global reach and diverse operations, it faced a greater regulatory burden that put it on a more circuitous route to public markets than smaller rival Lyft Inc.
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Boeing and Its 737 MAX Jets Have a China Problem - WSJ
SHANGHAI—One of China’s big state-owned airlines joined the list of carriers seeking compensation from Boeing Co. BA -1.11% over the grounding of its 737 MAX fleet, a small move that highlights a bigger challenge for the airplane maker: ensuring China, one of its biggest customers, keeps faith with its troubled jet.
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China Sweetens Its Cloud Offer in U.S. Trade Talks - WSJ
BEIJING—China sweetened an offer to open its cloud-computing sector to foreign companies, in a bid to forge a trade deal after U.S. negotiators rejected an earlier proposal as inadequate, said people briefed about the negotiations.
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China’s Banks Are Choking on Coal Dust - WSJ
Is Chinese coal consumption in terminal decline or ramping up again? The fortunes of the global coal mining industry, and of attempts to limit global carbon emissions, could depend on the answer.
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US threat of $11bn EU tariffs increases tension | Financial Times
The Trump administration’s proposal to impose new tariffs on $11bn of EU products has threatened to escalate transatlantic tension, raising fears that Washington would target Europe after reaching a possible trade deal with China. 
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Beijing and EU agree target of next year for investment access deal | Financial Times
China has agreed to try to reach a deal next year with the EU on opening its markets to foreign investors in what Donald Tusk, the president of the European Council, hailed as “a breakthrough” in relations with Beijing.
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Global Investors Line Up for a Shot of Kerosene-Smelling Chinese Liquor - WSJ
A Chinese liquor stock has captured the imagination of global investors as a proxy for affluent consumers in the world’s second-largest economy.
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Pinterest Is Expected to Set IPO Price Range Below Last Valuation - WSJ
Pinterest Inc. plans to set a price range for its initial public offering that is below where the online image-search company last raised money privately when it begins a roadshow to pitch the shares to investors Monday.
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U.S. Moves to Impose Tariffs on $11 Billion of EU Goods - WSJ
The Trump administration moved Monday toward imposing tariffs on about $11 billion in imports from the European Union, saying the move was justified by the bloc’s subsidies for European aircraft manufacturer Airbus.
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Global economy enters ‘synchronised slowdown’ | Financial Times
The global economy has entered a “synchronised slowdown” which may be difficult to reverse in 2019, according to the latest update of a tracking index compiled by the Brookings Institution think-tank and the Financial Times.
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Trump Says Southern-Border Asylum Seekers Are Running a ‘Scam’ - WSJ
CALEXICO, Calif.—President Trump made his case for more barriers as he visited the border with Mexico on Friday, while continuing to say the U.S. immigration system is being overwhelmed by Central Americans seeking asylum.
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U.S., China Tout Progress, Vow to Continue Trade Talks - WSJ
Trade talks between Chinese and U.S. negotiators wrapped up in Washington with no clear timeline for resolution, but with both sides touting progress and vowing to continue talking via videoconference.
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week14 | 2019

week14 | 2019

Weekly Headlines
The Chinese economy is stabilising | Financial Times
Is the Chinese economy recovering from its slowdown at the end of last year? “Yes”, say Gavyn Davies, Goldman Sachs and many others. During my recent visit to Shanghai and Beijing, a number of economists and private businessmen also indicated growing optimism about China’s economic prospects. Why do they think this and are they likely to be right?
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Ford Brings Out the Jumper Cables in China…Again - WSJ
SHANGHAI— Ford Motor Co. F 1.20% relaunched its China business, promising a bevy of new products, less than a year and a half after its last reboot failed to arrest a sharp decline in the company’s Chinese sales.
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Trump Says U.S.-China Trade Deal Close, but No Summit Plans Yet - WSJ
WASHINGTON—The U.S. and China are aiming to reach a trade deal in the next four weeks, President Trump said, though he failed to announce a much-anticipated summit with Chinese leader Xi Jinping.
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Investors Brace for Hit to Profits as Costs Rise - WSJ
Investors are concerned that rising wages and energy costs will eat into corporate profits, threatening the decadelong bull market in stocks.
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Trump Likely to Announce Plans for Summit With China’s Xi on Thursday - WSJ
WASHINGTON—President Trump may announce plans for a summit with China’s President Xi Jinping on Thursday when he meets with the country’s vice premier, signaling that contentious trade talks between the two countries may be nearing conclusion.
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Tariffs Take Center Stage in U.S.-China Trade Talks - WSJ
WASHINGTON—The Trump administration’s demand that punitive tariffs remain to ensure Beijing enacts genuine overhauls has emerged as one of the biggest sticking points, as U.S. and Chinese trade negotiators opened new face-to-face talks aimed at a deal.
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China triples investment in emerging Asia on trade war | Financial Times
Chinese companies tripled their greenfield investments in developing countries in Asia last year in the latest sign of how the commercial landscape of the region is being reshaped by the bitter trade war between Beijing and Washington.
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Big Banks Reach for Small Deals as Merger Boom Slows - WSJ
JPMorgan Chase JPM 0.48% & Co.’s health-care bankers in the past year worked on the $74 billion takeover of Celgene Corp. CELG -0.28% and the $62 billion sale of Shire PLC.
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US and China draw closer to final trade agreement | Financial Times
Top US and Chinese officials have resolved most of the issues standing in the way of a deal to end their long-running trade dispute but are still haggling over how to implement and enforce the agreement, people briefed on the talks have said. 
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Bitcoin Soars Above $5,000, Heads for Biggest Daily Gain in a Year - WSJ
Bitcoin briefly jumped more than 20% on Tuesday to top $5,000 for the first time this year.
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U.S. and Chinese Manufacturing Stabilize, While Europe Lags Behind - WSJ
Manufacturing activity in the world’s two largest economies perked up in March, an antidote to financial-market fears of a coming global recession, though pockets of weakness remain and the outlook is uncertain.
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Between Two Deadly Crashes, Boeing Moved Haltingly to Make 737 MAX Fixes - WSJ
In the aftermath of a Boeing Co. BA 2.65% 737 MAX jet crash in Indonesia in October, much of the American aviation industry—the plane maker, the FAA, U.S. airlines and their pilots—closed ranks to reassure the public the model was safe to fly.
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Bloomberg adds Chinese government bonds to flagship index | Financial Times
Bloomberg began adding Chinese government bonds and policy bank securities to its Bloomberg Barclays Global Aggregate index on Monday, kicking off inflows of up to $2tn that will reshape global capital markets.
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China Manufacturing Gauge Hits Six-Month High - WSJ
BEIJING—An official gauge of activity in China’s crucial manufacturing sector rebounded strongly in March, suggesting that Beijing’s support policies are gaining traction.
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U.S. Trade Negotiators Take Aim at China’s Cybersecurity Law - WSJ
BEIJING—U.S. and Chinese trade negotiators haggled over how to get Beijing to walk back China’s tough cybersecurity law as both sides push to resolve deep-seated irritants and settle a yearlong tariff fight.
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week13 | 2019

week13 | 2019

Weekly Headlines
China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks - WSJ
BEIJING—China is offering foreign technology firms better access to the country’s fast-growing cloud-computing market, people briefed on the matter said, as Beijing fashions a compromise in a tech sector the U.S. wants opened as part of a trade deal.
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US and China wrap up lightning round of trade talks in Beijing | Financial Times
Chinese regulators approved applications by JPMorgan and Nomura to establish majority-controlled brokerages on Friday, as senior US officials wrapped up a lightning round of trade talks in Beijing.
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Huawei Shakes Off U.S. Offensive to Post Strong Results - WSJ
SHENZHEN—Chinese technology giant Huawei Technologies Co. said revenue rose 20% last year to $107 billion, signaling that a U.S.-led campaign to block its rise in networking technology hasn’t curbed its overall growth.
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Officials Step Up Swine Fever Checks to Protect U.S. Hog Industry, Market Rally - WSJ
A deadly virus that has decimated Chinese hog herds has prompted buyers in the world’s largest pork market to purchase more of the meat from U.S. producers for the first time in a year.
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Daimler, Geely Deepen Bond With Electric City-Car Venture - WSJ
Daimler AG DMLRY 1.55% and Chinese auto maker Zhejiang Geely Holding Group have agreed to create a joint venture in China to transform Daimler’s struggling Smart compact city car into a global all-electric brand, the companies said Thursday.
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China to Reduce the Juice for Electric-Car Sales - WSJ
SHANGHAI—China is slashing subsidies for electric vehicles, which will test the resilience of a fast-growing EV market that government support helped create.
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Chinese industrial profits suffer sharpest contraction in a decade | Financial Times
Profits at large Chinese industrial companies fell at the fastest pace in almost a decade at the start of 2019, in the latest sign of a slowdown for the world’s second-largest economy.
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China’s Cofco International aims to boost grain and soyabean purchases | Financial Times
Cofco International, the trading arm of the Chinese state-run food group, is looking to increase its reach in grains and soyabean procurement as it continues to build its operations to rival that of international agricultural traders.
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House Effort to Override Trump Veto on National Emergency Measure Comes Up Short - WSJ
WASHINGTON—The Democratic-controlled House came up short Tuesday in an effort to override President Trump’s veto of a measure aimed at rolling back his declaration of a national emergency.
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Fed’s Rosengren Says Fed Balance Sheet Cuts Didn’t Cause Late 2018 Market Woes - WSJ
Boston Fed President Eric Rosengren said Monday the central bank’s ongoing balance sheet drawdown wasn’t the cause of financial market volatility into the closing months of last year.
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Uber Buys Careem for $3.1 Billion to Conquer Middle East Market - WSJ
Uber Technologies Inc. on Tuesday said it is acquiring Middle Eastern rival Careem Networks FZ for $3.1 billion, a deal that ends another cutthroat ride-hailing battle ahead of an expected initial public offering.
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Apple’s Hardest Upsell Yet - WSJ
Apple AAPL -1.21% Inc.’s latest offerings may simply end up being a test of how devoted its biggest fans are.
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Italy Signs Up to China’s Global Infrastructure Plan Despite U.S. Ire - WSJ
ROME—Italy and China signed an agreement to cooperate on Beijing’s global infrastructure plan, the Belt and Road Initiative, sealing an accord that has alarmed Italy’s U.S. and European allies.
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China’s Huge Bond Market Is Coming to an ETF Near You Soon - WSJ
China is becoming less optional for investors. Debt from the Chinese government and key state banks is set to join the Bloomberg Barclays Global Aggregate, an influential bond index, in April. That follows similar moves to introduce shares listed in Shanghai and Shenzhen to MSCI and FTSE Russell stock indexes. Here’s what investors need to know.
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Mueller Doesn’t Find Trump Campaign Conspired With Russia - WSJ
WASHINGTON—Special counsel Robert Mueller concluded that President Trump and his campaign didn’t conspire or coordinate with Russia to interfere in the 2016 election, according to a letter Attorney General William Barr sent to Congress on Sunday that summarized the final report on Mr. Mueller’s investigation.
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week12 | 2019

week12 | 2019

CGCC News
“From Cloud to Cloud Intelligence” Alibaba Cloud Outlines Strategic Upgrade after a Decade of Success
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Weekly Headlines
Tencent Profit Battered by China’s Slow Pace of Videogame Approvals - WSJ
HONG KONG—Tencent Holdings Ltd. said it is looking to expand in videogames overseas as woes at home contributed to a worst-ever 32% drop in quarterly profit for the Chinese tech giant.
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Subscribe to read | Financial Times
Canadian companies have been unable to resolve a Chinese halt of imports of canola seeds from Canada amid a diplomatic spat between the two countries, an industry body said.
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US dampens hope for trade talks as Chinese ‘attitudes’ harden
Donald Trump’s top agricultural official has said Chinese “attitudes” towards striking a trade deal with the US have hardened, in the latest sign that negotiations to resolve the conflict hanging over the global economy have hit a rough patch.
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Collaboration Market Racing Ahead - WSJ
Microsoft Corp. is leveraging a strong position in cloud computing and enterprise software to drive growth for Teams, its two-year-old enterprise collaboration tool, IT industry analysts and researchers say.
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Trump Says Tariffs on Chinese Goods Will Stay for ‘Substantial Period of Time’ - WSJ
WASHINGTON—With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.
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Huawei leads Asian domination of U.N. patent applications in 2018 | Reuters
GENEVA (Reuters) - Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday.
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Fed Faces Crucial Decision on Mix of Treasurys in Its Portfolio - WSJ
Markets have cheered the Federal Reserve’s imminent announcement that it will stop shrinking its asset portfolio later this year, but determining that date is just one challenge facing central-bank officials.
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China’s appetite for US assets imperilled at worst possible time | Financial Times
Trade tensions between Washington and Beijing have fixed all eyes on China’s large goods trade surplus with the US. While the likelihood of an outright trade war is hard to gauge, largely overlooked is another threat arriving with near certainty from the world’s second-largest economy — the end of China’s large current account surplus. Without those large surpluses, China will probably cut back its purchases of US financial assets, just as Treasury bond issuance surges and corporate America needs to refinance more of its debt.
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High-Level U.S.-China Trade Talks to Resume in Final Push for Deal - WSJ
WASHINGTON—Negotiators for the U.S. and China have scheduled a new round of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the yearlong dispute between the world’s two largest economies.
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China hits back at Brussels over ‘systemic rival’ warning

China has hit back at Brussels’ decision to brand it a “systemic rival”, insisting that relations with the EU will be co-operative despite widening divisions in areas from trade to digital security.

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Chip-Stocks Rally Could Be in Jeopardy if Trade Deal Disappoints - WSJ
Shares of chip makers are surging toward their best quarter in more than two years as U.S.-China trade tensions have thawed, but they face a critical test as a trade deal is hammered out.
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U.S. Chip Makers Fear Trap in a Trade Deal With China - WSJ
WASHINGTON—U.S. semiconductor companies want no part of any trade deal that calls for stepped-up purchases from China, worried that would give Beijing more control over their industry.
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China Investment in U.S. Startups Keeps Flowing Despite New Rules - WSJ
Chinese investment in U.S. startups has remained resilient in recent months despite new U.S. legislation that some thought could severely hamper deal flow, according to a new report.
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Trump Vetoes Congressional Disapproval of Emergency Declaration - WSJ
WASHINGTON—President Trump vetoed a congressional resolution disapproving of his national-emergency declaration, asserting his authority to tap funding for barriers on the southern border even though the money hadn’t been appropriated by lawmakers.
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Talk to Trump, Skip the Diplomats: World Leaders’ New U.S. Tactic - WSJ
WASHINGTON—World leaders have found a new route to get a read on official U.S. thinking: straight to the top.
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week11 | 2019

week11 | 2019

CGCC News
Going My Wei: Behind Fosun’s Transformation of 28 Liberty Street
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Yuhuang's methanol plant in southern U.S. making progress
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Weekly Headlines
China passes law in bid to ease overseas investor concerns | Financial Times
China has passed a new foreign investment law that it hopes will help smooth the way to a new trade deal with the US, granting foreign companies equal standing with state-owned businesses.
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China’s Economic Slowdown Broadens, Despite Government Support - WSJ
BEIJING—China’s economy isn’t done slowing, with industrial activity and home sales cooling in the first two months of the year, despite a rebound in investment driven by Beijing to shore up growth.
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China’s Economic Slowdown Broadens, Despite Government Support - WSJ
BEIJING—China’s economy isn’t done slowing, with industrial activity and home sales cooling in the first two months of the year, despite a rebound in investment driven by Beijing to shore up growth.
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America’s Undersea Battle With China for Control of the Global Internet Grid - WSJ
A new front has opened in the battle between the U.S. and China over control of global networks that deliver the internet. This one is beneath the ocean.
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America’s Undersea Battle With China for Control of the Global Internet Grid - WSJ
A new front has opened in the battle between the U.S. and China over control of global networks that deliver the internet. This one is beneath the ocean.
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China’s cyclical recovery is picking up steam
The slowdown in the US and eurozone economies continues to surprise the Federal Reserve and the European Central Bank, explaining their recent sharp turn towards dovishness. ECB president Mario Draghi coined another of his memorable phrases last week, saying that “pervasive uncertainty” meant downside risks, even relative to the central bank’s latest downgraded growth forecasts, were still predominant.
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Donald Trump’s trade chief warns that China talks could fail
US President Donald Trump’s trade chief has warned that negotiations to end the tariff war with China were at risk of failing, saying “major, major issues” needed to be resolved before an agreement was reached, and he could not “predict success at this point”. 
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Bigger Than E*Trade: A Chinese Online Broker Soars - WSJ
HONG KONG—Bubbly Chinese stocks are back.
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Drop Huawei or See Intelligence Sharing Pared Back, U.S. Tells Germany - WSJ
BERLIN—The Trump administration has told the German government it would limit intelligence sharing with Berlin if Huawei Technologies Co. is allowed to build Germany’s next-generation mobile-internet infrastructure.
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White House Proposes $4.7 Trillion Budget for Fiscal 2020 - WSJ
The White House released a $4.7 trillion budget Monday that proposed sharply reducing spending on safety-net and many discretionary government programs, while boosting defense and border-protection funding, in a plan that also projected a long run of continued deficits.
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U.S., China Near Currency Deal; Beijing Vows Not to Devalue Yuan to Help Exports - WSJ
BEIJING—China’s top central banker signaled that Beijing and Washington are getting close to reaching a currency deal as part of their continuing negotiations to settle a yearlong trade battle.
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China Pushes Ahead With New Foreign-Investment Law - WSJ
BEIJING—China’s legislature made scant changes to a proposed law on foreign investment criticized by business groups as vague, as Beijing hurries the bill’s passage to ease trade tensions with the U.S. while leaving key complaints unaddressed.
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U.S.-China Trade Talks Hit a Bump - WSJ
A U.S.-China trade accord is facing a new roadblock, as Chinese officials balk at committing to a presidential summit until the two countries have a firm deal in hand, according to people familiar with Beijing’s thinking.
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week10 | 2019

week10 | 2019

CGCC News
International Vitamin Corporation (IVC) forms joint venture with GNC
On March 5th, CGCC member company International Vitamin Corporation (IVC), a world leading nutritional supplement manufa...
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Weekly Headlines
Slow Growth Prods Central Banks - WSJ
Concern over sluggish global growth is causing central bankers to shift tacks, as the European Central Bank unveiled surprise plans Thursday to stimulate the Continent’s flagging economy and Federal Reserve officials signaled their growing reluctance to raise U.S. interest rates at all.
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Trump-Xi summit pushed back from end-March as details hammered out
A summit between US president Donald Trump and Chinese president Xi Jinping has been pushed back from the end of March, as both sides try to pin down details and avoid an embarrassing failure.
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Chinese Exports Plunge as Slowdown Deepens - WSJ
BEIJING—China’s exports fell sharply last month, adding to headwinds for the world’s second-largest economy as officials struggle to arrest a slowdown.
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Facebook Plans New Emphasis on Private Communications - WSJ
Facebook Inc., which became the world’s biggest social network by encouraging people to share photos and messages publicly, said it is now betting on the opposite: that the future of social media lies in private messaging and small-group chats.
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U.S. Posts Record Annual Trade Deficit - WSJ
WASHINGTON—The U.S. trade deficit in goods hit a record in 2018, defying President Trump’s efforts to narrow the gap, as imports jumped and some exports, including soybeans and other farm products, got hammered by retaliation against U.S. trade policies.
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Huawei Sues the U.S., Says Congress Acted as ‘Judge, Jury and Executioner’ - WSJ
SHENZHEN, China—Huawei Technologies Co. filed a lawsuit challenging a law signed by President Trump in August that restricts federal agencies from doing business with the Chinese company, the latest in a series of countermoves by the telecommunications giant.
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U.S. to Trim Trade Privileges for India, Turkey - WSJ
WASHINGTON—The Trump administration is planning to scrap India’s and Turkey’s participation in a privileged trading program that allows certain developing economies to avoid tariffs on some shipments to the U.S.
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U.S. Consumers Hit Hardest by Trade Tariffs, Studies Find - WSJ
WASHINGTON—The Trump administration’s trade initiatives have targeted China and other foreign powers, but it is U.S. consumers who have taken the hit, according to two new studies.
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U.S.-China Trade Deal Expected to Give Limited Boost to Growth - WSJ
The global economy is unlikely to receive a big boost from a trade agreement between the U.S. and China, since it would likely leave much uncertainty over future economic relations between the two, the Organization for Economic Cooperation and Development said Wednesday.
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Smartphone-Wielding Chinese Tourists Challenge Cash’s Reign - WSJ
TOKYO—Japan, usually a high-tech model for China, is learning from its neighbor how people can pay without cash.
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Cheniere Deal With China Signals Country’s Key Role in LNG Exports - WSJ
Cheniere Energy Inc.’s LNG 1.56% expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters.
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Chinese Stocks Hit Highest Since June on Hopes of Trade Breakthrough - WSJ
Chinese shares leapt Monday, leading regional gains, on optimism about a long-awaited accord with the U.S. and hopes for fresh official support for the Chinese economy.
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China’s bureaucrats tighten belts ahead of annual Congress | Financial Times
China’s annual legislative session will open this week with the traditional stirring music and long speeches but the mood among the thousands of bureaucrats who make up the audience is expected to be unusually gloomy.
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U.S., China Close In on Trade Deal - WSJ
China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other products and Washington considering removing most, if not all, sanctions levied against Chinese products since last year.
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week9 | 2019

week9 | 2019

CGCC News
CGCC Board Members Attended JCCI New Year’s Party
On February 27th, 2019, representatives of China General Chamber of Commerce-USA (CGCC) attended a dinner reception host...
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Weekly Headlines
US and China settle on trade enforcement process | Financial Times
Donald Trump’s top trade negotiator said the US and China had settled on a process for enforcing a trade agreement between the countries, clearing a key hurdle in the negotiations to end their trade war.
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U.S., North Korea Trade Blame for Failed Summit - WSJ
HANOI—A summit that might have led to North Korea’s first tangible disarmament steps faltered because Pyongyang wouldn’t freeze all of its weapons programs and sought billions of dollars in sanctions relief, a senior State Department official said Friday, as the two sides blamed each other for their failure to reach an agreement.
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On China, Trump Risks Repeating Experience of Bush and Obama - WSJ
In 2003, Dan Sullivan, then a White House national-security staffer, was in the Oval Office when China’s vice premier promised President George W. Bush the country would fix intellectual property theft. It didn’t.
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Buoyant Chinese stock market awaits MSCI decision | Financial Times
The end of a month in which Chinese shares have trounced every other market may appear the perfect backdrop for MSCI, one of a trio of index providers that have an outsized role in shaping the global flow of money.
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Where China Dominates in 5G Technology - WSJ
HONG KONG—Western countries are building more barriers to Huawei Technologies Co. equipment in their 5G network rollouts. But that won’t change an underlying truth about the next-generation communications networks: Technology developed in China will be at the center.
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China’s Factory Activity at Lowest Level in Three Years - WSJ
BEIJING—Activity in China’s critical manufacturing sector fell to its lowest level in three years in February, weighed on by weak global demand and the long Lunar New Year holiday.
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What shape could a US-China trade agreement take? | Financial Times
Donald Trump’s pronouncement of a delay in the deadline for a planned rise in tariffs on Chinese imports, citing “substantial progress” in negotiations with Beijing at the weekend, has increased expectations that a deal will be reached to end the trade war.
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U.S. Takes Huawei Fight Directly to Telecom Industry - WSJ
BARCELONA—American officials inserted themselves into the telecom industry’s biggest trade fair to slam Huawei Technologies Co.—one of the event’s main sponsors—as “duplicitous and deceitful” and to warn other governments they won’t be able to use U.S. aid to buy the Chinese company’s gear.
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Jerome Powell Affirms Fed’s Patient Approach to Interest-Rate Changes - WSJ
WASHINGTON—Federal Reserve Chairman Jerome Powell said the central bank is in no rush to move interest rates while officials assess the impact on the U.S. economy of slower global growth and financial-market turbulence.
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China Intends to Continue Debt-Reduction Efforts - WSJ
BEIJING--China’s financial regulator pledged to continue debt-reduction efforts as Beijing sharpened its rhetoric against rising economic risks during a domestic slowdown.
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Apple’s Deal With Goldman Has Wall Street on Defense - WSJ
Apple Inc. AAPL 0.73% executives came to a group of big banks in 2017 with a problem.
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U.S. Firms Dial Back China Plans Amid Trade Fight - WSJ
BEIJING—U.S. companies are planning their lowest rate of expansion in China since 2016 in response to growing uncertainty about U.S.-China relations and a slowing Chinese economy, according to a survey by the American Chamber of Commerce in China.
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Huawei’s Foldable Smartphone Raises the Bar—and Price Tag - WSJ
BARCELONA—Just days after Samsung Electronics Co. launched the industry’s first mainstream foldable-screen smartphone, China’s Huawei Technologies Co. upped the ante with a competing device and an even more stratospheric price tag.
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China Trade Talks Extended as Trump Pushes to Close the Deal - WSJ
WASHINGTON—President Trump, citing progress in U.S.-China trade talks, said he is looking at extending a deadline to raise tariffs and hoping to meet next month with Chinese leader Xi Jinping to complete a broad trade agreement.
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Trump to Delay Tariff Increases on Chinese Imports - WSJ
WASHINGTON—President Trump said Sunday he would delay an increase in tariffs on Chinese goods set to take effect at the end of this week, citing “substantial progress” on issues including intellectual property and technology transfer after a weekend of talks.
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week8 | 2019

week8 | 2019

CGCC News
CGCC Hosted 2019 Chinese Lunar New Year of the Pig Media Appreciation Reception
On February 21st, 2019, China General Chamber of Commerce – USA (CGCC) and Bank of China USA co-hosted the 2019 Chinese ...
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CGCC-LA Hosts 2019 Annual Gala
On February 20th, 2019, China General Chamber of Commerce - Los Angeles chapter held their 2019 Annual Gala at the Los A...
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CGCC-D.C. Gathered Members and Partners To Celebrate Chinese New Year
On February 19th, 2019, China General Chamber of Commerce – Washington D.C. (CGCC-D.C.) held its annual Chinese New Year...
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Weekly Headlines
Donald Trump appears to offer an olive branch to Huawei | Financial Times
Donald Trump appeared to offer an olive branch to Chinese telecoms company Huawei on Thursday, raising expectations that he was preparing the ground for a deal to halt the US trade war with China.
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A Surprise Winner From the U.S.-China Trade Spat: Russian Soybean Farmers - WSJ
RAZDOLNOE, Russia—The Partizan collective farm in this Siberian village should have been swept into the dustbin of history like thousands of others like it that collapsed after the Soviet Union’s fall. Instead it just raked in the biggest harvest of its 90-year history, bought new machines and paid out record bonuses.
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U.S. Bets on China’s Special Envoy in Trade Talks - WSJ
WASHINGTON—As U.S.-China trade talks reach a pivotal point, the Trump administration is counting on the Chinese leader’s special envoy, Liu He, to get Beijing to accept tough new strictures that are increasingly controversial in Beijing.
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Trump Continues to Weigh EU Auto Tariffs - WSJ
WASHINGTON—President Trump said Wednesday the U.S. would impose auto tariffs on the European Union if a trade deal can’t be reached between the two sides, as tensions between the traditional allies continue to build.
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Trump, Xi Face Pressure at Home Over Trade - WSJ
WASHINGTON—Despite their sharp differences in style, background and policies, Chinese leader Xi Jinping and President Trump share a common problem: growing concerns on the home front that they are going to cave in to the other side.
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Fed Prepares to End Balance-Sheet Runoff Later This Year - WSJ
Most Federal Reserve officials last month indicated they were ready to stop shrinking the central bank’s $4 trillion asset portfolio this year and believed an action plan should be released soon.
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Alibaba Takes Stake in Bank Backed by Tencent - WSJ
HONG KONG—Chinese e-commerce behemoth Alibaba Group Holding Ltd. BABA 2.43% has joined online rival Tencent Holdings Ltd. TCEHY 0.87% as a sizable shareholder in investment bank and broker China International Capital Corp. 3908 5.79%
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China-US trade talks — the main differences | Financial Times
During the first round of China-US trade talks in Beijing in May, a US document listing the Trump administration’s demands was leaked. The document remains the most authoritative summary of the issues fuelling the ongoing trade war between the world’s two largest economies.
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Trump Eases Off Hard Deadline for China Tariffs - WSJ
WASHINGTON—President Trump gave his firmest indication yet that the U.S. may not increase tariffs on Chinese goods on March 1, as scheduled, despite statements by his top trade official that the U.S. should stick to a firm deadline.
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How Amazon Will Grow Without a New York HQ2 - WSJ
Amazon.com Inc.’s AMZN -0.91%decision to abandon its $2.5 billion plan for a New York City headquarters could disrupt redevelopment and dash hopes for a surge in hiring in the neighborhood of Long Island City. One entity unlikely to suffer much: Amazon itself.
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States File Suit Against Trump Administration Over Wall Emergency - WSJ
Sixteen states on Monday filed a federal lawsuit challenging President Trump’s national-emergency declaration to pay for a wall along the U.S.-Mexico border, setting up a showdown with the administration that could go to the Supreme Court and last through the 2020 election.
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As China Trade Talks Resume, Trump Pushes an Ambitious Agenda - WSJ
WASHINGTON—As trade negotiations with China resume this week, the Trump administration is racing to strike a deal that will result in long-term reforms—and prove that tariffs are an effective battering ram to open markets around the world.
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week7 | 2019

week7 | 2019

Weekly Headlines
Retail Sales Declined in December at Fastest Pace Since 2009 - WSJ
WASHINGTON—U.S. retailers registered a far worse December selling season than many analysts had realized, according to a government report Thursday that sent stocks lower and raised new questions about the vigor of economic growth.
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U.S. Push Against Huawei Gear Hits an Obstacle: Carriers That Love It - WSJ
LONDON—Washington’s campaign to get some of its closest European allies to give up telecommunications gear made by Chinese companies has been a tough sell.
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China Seeks to Woo U.S. With Promise of Big Chip Purchases - WSJ
BEIJING—China is counting on promises of big purchases of U.S. semiconductors and other goods to ease trade tensions and persuade President Trump to extend a tariff truce and later resolve the market-rattling dispute directly with Chinese leader Xi Jinping.
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China exports return to growth despite trade tensions | Financial Times
Chinese exports rebounded in January, returning to growth as import declines eased, although analysts were unconvinced the jump in outbound shipments pointed to a robust recovery.
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U.S. Tax Revenues Fall, Deficit Widens in Wake of New Tax Law - WSJ
WASHINGTON—Federal tax revenue declined 0.4% in 2018, the first full calendar year under the new tax law, despite robust economic growth and the lowest unemployment rate in nearly five decades.
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Border-Security Funding Deal Nears a Vote - WSJ
WASHINGTON—President Trump is likely to sign the border-security legislation finalized Wednesday that would keep the government from closing this weekend, people familiar with his plans said, but he continues to look for ways to supplement the modest funding it contains for barriers.
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Fed Chief Says U.S. Economic Expansion Has Been Uneven - WSJ
ITTA BENA, Miss.—Federal Reserve Chairman Jerome Powell said Tuesday, during a visit to Mississippi, that the economic expansion hasn’t been evenly shared in many parts of the country, particularly in rural America.
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China’s Developers Go on Borrowing Spree - WSJ
Chinese property companies with junk credit ratings have rushed to sell dollar-denominated debt, in their busiest start to a year on record.
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China, U.S. Seek Broad Outline of a Trade Pact This Week - WSJ
U.S. stocks rose Tuesday as President Trump said he is willing to delay next month’s deadline for resolving the U.S.’s trade conflict with China if negotiations with Beijing are progressing smoothly.
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Hey, Big Spender: Tech Cash Will Keep Flowing - WSJ
The demise of big tech spending has been greatly exaggerated.
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Amazon to Acquire Home Wi-Fi Company Eero - WSJ
Amazon.com Inc. AMZN 0.18% on Monday disclosed its latest bet to control the so-called smart home, adding to its fold a company that offers a Wi-Fi system that ditches the traditional router.
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How Bad Is the China Slowdown? U.S. Companies Offer Some Answers - WSJ
To gauge the scope of China’s economic slowdown, begin with forklifts.
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Trump Seeks to Boost AI as Chinese Competition Grows - WSJ
WASHINGTON—President Trump is expected to sign an executive order Monday aimed at boosting U.S. development of artificial intelligence—and at blunting China’s momentum in the field.
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Border-Security Funding Negotiations Stall as Shutdown Looms - WSJ
Negotiations over a bipartisan deal for border-security funding have stalled, aides familiar with the talks and other officials said, raising the specter of another government shutdown at the end of this week.
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The Internet, Divided Between the U.S. and China, Has Become a Battleground - WSJ
The global internet is splitting in two.
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week6 | 2019

week6 | 2019

CGCC News
China Telecom (Americas) Corporation President Tan Xu Elected CGCC-D.C. Acting Chairman
The Chairman of China General Chamber of Commerce – Washington D.C. Chapter, Executive Vice President of China Unicom (A...
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On WSJ, CGCC Wishes You A Healthy, Happy And Prosperous Year of the Pig
On Monday, February 4, China General Chamber of Commerce-USA (CGCC) and CGCC Foundation's Chinese Lunar New Year Messag...
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Weekly Headlines
GM Leans on U.S. Truck Buyers to Counter Weakness in China - WSJ
General Motors Co. is counting on U.S. buyers of pickup trucks and SUVs to bolster its bottom line.
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Trump Preparing Plan to Boost AI, 5G Technology - WSJ
WASHINGTON—President Trump is preparing an ambitious plan to ramp up the government’s role in speeding next-generation technologies such as 5G wireless and artificial intelligence, two key areas of competition with China.
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Pressure Grows on U.S., China to Forge Trade Deal - WSJ
WASHINGTON—As a deadline approaches for a high-stakes trade deal between the U.S. and China, some top American business figures who fear the economic and market consequences of a failure are pushing both sides to compromise.
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Twitter shares sink after disappointing revenue forecast | Reuters
NEW YORK (Reuters) - Twitter Inc forecast first-quarter revenue that was below analyst estimates on Thursday and said the number of users fell in the fourth quarter, sending its shares down 6 percent in premarket trading.
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Long, strange trip: How U.S. ethanol reaches China tariff-free | Reuters
NEW YORK/KUALA LUMPUR (Reuters) - In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.
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Volvo Cars feels margin pressure from U.S.-China tariff war | Reuters
STOCKHOLM (Reuters) - Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China.
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Apple Retail Chief Angela Ahrendts Leaving Company
Apple Inc. said that its retail chief, Angela Ahrendts, is leaving the company and will be succeeded by a longtime operations executive who now runs human resources, a move that comes as the tech giant wrestles with flagging iPhone sales.
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Trump Seeks to Reset Border-Wall Debate
WASHINGTON—President Trump in his State of the Union on Tuesday renewed his call for a wall on the southern U.S. border, but without repeating his threats in recent weeks to declare an emergency, striking a less-rigid tone in his first address to a divided Congress.
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U.S. Trade Negotiators Heading to Beijing Next Week
WASHINGTON—The U.S. is dispatching its chief trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin to Beijing early next week to continue trade talks as a March 1 deadline to reach an accord nears, a senior Trump administration official said Tuesday.
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U.S. trade agency sees negotiating new WTO rules to rein in China as futile | Reuters
WASHINGTON (Reuters) - Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.
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Sanctions on Venezuela’s Crude Hit Oil Market in Vulnerable Spot - WSJ
The deepening turmoil in Venezuela is exacerbating a shortfall of dense crude oil, leaving fuel makers in the lurch and underscoring the limitations of U.S. shale.
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The Malaise in Global Trade Is Only Getting Worse - WSJ
The U.S. and China are moving closer to settling their fight over tariffs, but data on the state of global trade is worsening, which is a bad sign for markets.
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The Fed makes a move in the right direction | Financial Times
The US Federal Reserve chair Jay Powell has been accused, with some justification, of inconsistent and confusing communication over the past few months. But when the Fed’s open market committee met this week, the message that emerged was loud and clear. The central bank’s view of the global economy and its effect on inflationary pressures in the US had taken a notable turn towards the darker side.
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Apple Exerts Power as Privacy Protector
Apple Inc. AAPL 0.05% is flexing its power as a self-appointed privacy protector, punishing Google and Facebook FB -0.59% Inc. over violations of its developer policies governing personal data in moves that harden battle lines over one of the technology industry’s most sensitive issues.
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Exclusive: China buys U.S. soybeans a day after trade talks - traders | Reuters
(Reuters) - Chinese state-owned firms bought at least 1 million tonnes of U.S. soybeans on Friday, a day after high-level bilateral talks yielded progress toward a trade deal and a Chinese commitment to buy more U.S. soybeans.
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week5 | 2019

week5 | 2019

Weekly Headlines
China Slowdown Hits Growth Around the Globe - WSJ
China’s slowing economy is sending shock waves through its trading partners around the world.
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U.S. Stocks Post Best January in 30 Years
Banks and smaller companies propelled stocks to their best January in 30 years, a sign that investors are favoring sectors tied to the U.S. economy.
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Trump Gives Upbeat Assessment of Trade Talks With China - WSJ
WASHINGTON—The U.S. and China moved closer to settling their trade dispute, with President Trump saying he expects to meet again with Chinese President Xi Jinping to resolve the conflict that has rattled the global economy.
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Fed Signals Hold on Rate Increases - WSJ
WASHINGTON—The Federal Reserve indicated Wednesday that it was done raising interest rates for now, fueling a market rally.
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China’s Manufacturing Remains Listless, if Slightly Improved - WSJ
BEIJING—An official gauge of China’s factory activity remained weak in January, if slightly improved, with soft domestic demand dragging down Beijing’s efforts to arrest an economic slowdown.
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What Can the U.S. Sell China? Services - WSJ
WASHINGTON—As negotiators meet this week to hammer out a new U.S.-China trade deal, the Trump administration’s team will be pushing to slash the U.S. trade deficit with China, now running at about $350 billion annually.
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U.S.-China Trade Talks Won’t Be Affected by Huawei Charges, Says Treasury Secretary Steven Mnuchin - WSJ
Treasury Secretary Steven Mnuchin said Tuesday a sweeping set of criminal charges against China’s Huawei Technologies Co. unsealed Monday will not complicate U.S.-China trade talks set to resume in Washington this week.
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Apple’s Revenue and Profit Drop: ‘The iPhone Has Matured’ - WSJ
Apple Inc. AAPL -1.04% posted its first holiday-quarter decline in revenue and profit in over a decade and warned the slowdown in its core iPhone business and weakness in China has spilled into this year.
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As China Trade Talks Begin, Trump Faces Pressure to Make a Deal - WSJ
WASHINGTON—As the U.S. and China resume high-level trade talks Wednesday, President Trump sees himself with the upper hand given China’s lagging economic growth, but there is pressure for Mr. Trump and his administration to cut a deal too.
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S&P Wins Beijing’s Approval to Offer Credit-Rating Services in China
BEIJING—​China’s central bank gave approval for S&P Global Inc. SPGI -0.61% to begin offering credit-rating services, and to do so via a wholly owned unit, following up on a nearly two-year-old promise to open the sector just ahead of high-level trade talks with the U.S.
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Apple Bug Enables Eavesdropping on FaceTime Users - WSJ
Apple Inc. AAPL -0.93% scrambled to fix a bug in its FaceTime video-chat system that lets callers eavesdrop on users of iPhones, iPads, and Macs, an embarrassing setback for a company that has touted its commitment to privacy.
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Big Divides Remain as U.S.-China Trade Talks Resume - WSJ
WASHINGTON—Cabinet-level delegations from the U.S. and China will resume trade negotiations here Wednesday, but early indications are that the two sides remain sharply divided, suggesting a hard slog ahead for a deal to be cut before a March 1 deadline.
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Canadian Ambassador to China Fired After Controversial Comments - WSJ
OTTAWA—Canadian Prime Minister Justin Trudeau fired the country’s ambassador to China after he sparked an uproar by saying a senior Huawei Technologies Co. executive arrested at U.S. request had a good case to fight extradition.
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Fed Officials Weigh Earlier-Than-Expected End to Bond Portfolio Runoff - WSJ
Federal Reserve officials are close to deciding they will maintain a larger portfolio of Treasury securities than they’d expected when they began shrinking those holdings two years ago, putting an end to the central bank’s portfolio wind-down closer into sight.
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Trade Talks Spotlight Role of China’s State-Owned Firms - WSJ
When U.S. and Chinese trade negotiators start a new round of talks on Wednesday, one often-overlooked issue is bound to get a lot of U.S. attention: the role of China’s state-owned companies in its economy.
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week4 | 2019

week4 | 2019

Weekly Headlines
China Counters Selloff by Cutting Markets Some Slack - WSJ
SHANGHAI—Beijing has taken some steps to loosen its hold on financial markets in recent months, seeking to attract foreign capital and revive an anemic stock market.
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Shutdown Talks Revived After Senate Bills Fail
Rival proposals to end the partial government shutdown failed in the Senate on Thursday, prolonging the impasse that has stymied Washington for weeks but reigniting negotiations between the White House and Capitol Hill over a short-term fix that includes border-security funding.
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Huawei Brushes Off Western Concerns as It Unveils 5G Chipset
Huawei Technologies Co. unveiled a chipset for its coming folding smartphone and other 5G devices, as the Chinese giant pushes to be a global leader in the next-generation technology despite a growing backlash from Western governments.
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China Risks Real Hard Landing This Time
China’s economy is at risk of its long-feared “hard landing”—a rapid slowdown in growth that would hit employment hard and could trigger big problems in global debt and currency markets.
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Merck, Tencent to collaborate on China healthcare - MarketWatch
Merck KGaA (MRK.XE) said Wednesday that it has signed a strategic collaboration agreement with Tencent Holdings Ltd. (0700.HK) to develop digital healthcare services in China.
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The Global Boom, Barely Begun, May Be Over - WSJ
DAVOS, Switzerland—A year ago the world looked like it would finally return to the boom times it enjoyed before the global financial crisis. Now, the boom may be over before it even started.
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Executives in Davos Put Brave Face on Jittery Mood
World Economic Forum backdrop dominated by who wasn’t at the annual gathering of the global elite
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Foxconn Looks Beyond China to India for iPhone Assembly
Senior executives plan to visit India in February to discuss plans
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US turns down China offer of preparatory trade talks | Financial Times
The Trump administration rejected an offer by two Chinese vice-ministers to travel to the US this week for preparatory trade talks because of a lack of progress on two key issues, highlighting the difficulty that Washington and Beijing will face in trying to reach an agreement by a deadline of March 1.
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Google Fined $57 Million in Biggest Penalty Yet Under New European Law - WSJ
A French regulator fined Alphabet Inc.’s GOOGL 0.74% Google €50 million ($56.8 million)—the biggest penalty so far under a new European privacy law—alleging the search-engine giant didn’t go far enough getting valid user consent to gather data for targeted advertising.
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Apple Supplier in Japan Looks to Taiwan for Bailout After iPhone XR Letdown - WSJ
TOKYO—The disappointing performance of Apple Inc.’s AAPL 0.62% iPhone XR is rippling through the global supply chain, leading a major Japanese supplier for the model to seek a bailout from an investor group from China and Taiwan.
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The World Braces for Slower Growth - WSJ
Get ready for chapter three in a shifting global growth story.
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week3 | 2019

week3 | 2019

Weekly Headlines
Chinese Vice-Premier Liu He to hold trade talks in Washington on January 30-31 | South China Morning Post
Liu will hold two days of meetings on January 30 and 31 with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, commerce ministry spokesman Gao Feng said at a press briefing.
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U.S. Debates Lifting China Tariffs to Hasten Trade Deal, Calm Markets - WSJ
U.S. officials are debating ratcheting back tariffs on Chinese imports as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies.
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Fed Says Student Debt Has Hurt the U.S. Housing Market - WSJ
The Federal Reserve has linked rising student debt to a drop in homeownership among young Americans and the flight of college graduates from rural areas, two big shifts that have helped reshape the U.S. economy.
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China Speeds Long-Sought Foreign-Investment Law - WSJ
BEIJING—Chinese lawmakers are accelerating work on a long-sought foreign-investment law, as Beijing seeks a hurried concession to the U.S.
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As China Slows, Sneakers and Noodles Beat Jewelry and Liquor Stocks - WSJ
Shares in companies catering to everyday Chinese needs have fared better than those serving high-end consumption.
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Theresa May’s Brexit suffers historic defeat | Financial Times
Theresa May’s Brexit deal, the product of two years of tortuous negotiations in Brussels, was on Tuesday night overwhelmingly rejected by the House of Commons by 432 votes to 202.
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China injects record $84bn to boost economy and avoid cash squeeze | Financial Times
China’s central bank injected a record Rmb570bn ($84bn) into the country’s banking system via open market operations on Wednesday in the latest effort to boost liquidity and promote increased lending to a slowing economy.
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Big Banks Find Sweet Spot in Higher Rates - WSJ
Rising interest rates from the Federal Reserve have aided the profitability of bank lending units
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The Trade Conflict Starts to Bite China - WSJ
Chinese exports have been suffering this winter, but until Monday there wasn’t much evidence that the trade tussle with the U.S.—rather than slowing global growth—was a major culprit.
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Alibaba Confident in China Sales Despite ‘Troubling Headwinds’ - WSJ
The president of Chinese e-commerce giant Alibaba Group Holding Ltd. expressed confidence in the country’s consumer market despite recent data showing a deepening economic slowdown.
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Apple Rattled Markets With Warning About China. Who’s Next? - WSJ
When Apple Inc. AAPL -1.50% said China’s slowing economy contributed to its late-year sales slump, the news rattled the stocks of other major U.S. companies with big operations in the world’s second-largest economy.
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Shutdown Pinches Economic Growth - WSJ
A Vermont mead brewery has delayed a major expansion because the owners can’t get a business loan. A craft-burger joint in Utah has sent employees home because sales are down. And a Maryland Lyft driver has seen his weekly income fall by nearly half.
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China’s Annual Trade Surplus With U.S. Hits Record Despite Trump’s Tariff Offensive - WSJ
BEIJING—China’s trade surplus with the U.S. hit a record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap.
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Chinese investment in the US slumps to 7-yr low: report | Financial Times
Chinese investments in the US plunged 84 per cent to its lowest level in seven years as Washington upped its scrutiny of deals, Beijing tightened capital controls and as relations between the world’s two largest economies soured over trade, a new report shows.
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week2 | 2019

week2 | 2019

CGCC News
China General Chamber of Commerce – USA Hosted CGCC Chinese Lunar New Year of the Pig Gala
On Monday, January 7, 2019, China General Chamber of Commerce – USA (CGCC) – the largest nonprofit organization represen...
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Weekly Headlines
U.S. Blocks Some Exports From Huawei’s Silicon Valley Unit - WSJ
Huawei Technologies Co. is contending with a new obstacle: getting technology it developed at a U.S. subsidiary back to China.
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As Fed Fuels a Global Rally, Asian Currencies Lag Behind - WSJ
The Federal Reserve has signaled it is in no rush to raise interest rates further, pushing down the dollar and ushering in new-year rallies in emerging-market currencies, global stocks, and corporate bonds. Asian foreign-exchange markets didn’t get the memo.
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U.S.-China Trade Fight Shakes Global Economy, but Isn’t All Bad for Bystanders - WSJ
Countries watching the U.S.-China trade talks from the sidelines are anxious for the two sides to reach a deal and avert the damage a protracted fight poses to the global economy—even if many see the potential to benefit from the dispute.
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US-China trade talks conclude as hopes of progress rise | Financial Times
US and China officials discussed ways to implement and enforce a trade deal between the two countries, as three days of negotiations wrapped up in Beijing amid growing optimism that the dispute weighing on their economies could be defused.
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Trump Walks Out of Shutdown Talks, Calls Them ‘Total Waste of Time’ - WSJ
As negotiations to end a partial government shutdown broke down Wednesday, White House officials said an increasingly likely option is for President Trump to declare a national emergency over border security and try to use Pentagon funds to pay for construction of a wall or other barrier on the U.S.-Mexico border.
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China’s Sluggish Prices Raise Deflation Fears - WSJ
BEIJING—Consumer and producer prices decelerated sharply in China last month, compounding the challenge for Beijing in boosting sluggish demand in a deepening economic downturn.
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Car and appliance makers glow as China eyes consumption boost | Financial Times
Shares in large Chinese carmakers and appliance manufacturers jumped on Wednesday on reports Beijing is planning fresh incentives to boost domestic consumption as part of its bid to shore up the country’s slowing economy.
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Global Growth to Lose Momentum This Year, World Bank Says - WSJ
The World Bank cut its forecasts for global growth in 2019 and 2020, citing a worsening set of factors from trade tensions to financial-market instability to currency challenges in a number of emerging markets.
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U.S., China Negotiators Narrow Differences on Trade - WSJ
BEIJING—The U.S. and China made progress on narrowing their differences on trade issues, especially on purchases of U.S. goods and services and widening access to China’s markets, though the two sides are far from striking a deal.
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Chinese Bond Yields Hit Two-Year Low - WSJ
A weak economy has helped push Chinese bond yields to a two-year low. To some investors that looks overdone, given a likely surge in government debt issuance and a stabilizing stock market.
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Signs Point to Strong January for Stocks - WSJ
Two consecutive sessions of stock gains erased the worst two-day start to a year since 2000. For investors who track seasonal patterns in markets, it also pointed major indexes in the right direction.
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U.S. Pushes China to Follow Through on Trade Promises - WSJ
BEIJING—The U.S. and China opened talks on Monday to resolve a trade fight that is threatening the global economy, with U.S. negotiators focused on a make-or-break issue: guarantees that Beijing will follow through on its offers.
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Fed Chairman Powell Sees Flexibility on Rates This Year - WSJ
ATLANTA—Federal Reserve officials on Friday laid the groundwork to take a break from raising short-term interest rates in coming months, propelling stock prices already cheered by a stronger-than-expected December jobs report.
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Trade Tensions Take a Toll on China’s Economy - WSJ
SHENZHEN—China’s economy is slowing faster than expected as Beijing this week heads into a crucial new round of negotiations with the U.S. over trade.
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Musk says Tesla to break ground on Shanghai factory - - FT中文网
Elon Musk has said Tesla will break ground on its first China factory on Monday with plans to start producing its Model 3 vehicles in Shanghai by the end of the year.
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week1 | 2019

week1 | 2019

CGCC News
2019 Awardees Announced Ahead of CGCC’s Annual Gala
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Weekly Headlines
House Passes Spending Package in Bid to End Shutdown - WSJ
WASHINGTON—House Democrats passed a spending package aimed at reopening the federal government, defying President Trump’s demands for border-wall funding on their first day in power.
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Apple’s Troubles Extend Beyond China - WSJ
Apple Inc. AAPL -9.96% chief Tim Cook blamed China’s accelerating economic slowdown for stumbling iPhone sales that hurt its global revenue in the past quarter. The company’s problems run deeper in China and extend to markets beyond.
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Chinese Consumers Tighten Their Belts and the World Feels the Squeeze - WSJ
BEIJING—The Chinese consumer, a previously reliable driver of economic growth, is under stress, threatening to deepen a broad slowdown in China’s economy that is rattling global markets.
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Tariff Exclusions for Certain Steel Imports Sow Confusion - WSJ
Steel importers are winning most of their requests for tariff exclusions for products they say they can’t find in the U.S., but the process is riddled with inconsistencies and frequent procedural changes, according to manufacturers and importers.
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Apple Makes Rare Cut to Sales Guidance - WSJ
Apple Inc. AAPL 0.11% slashed its quarterly revenue forecast for the first time in more than 15 years, an unprecedented move in the Tim Cook era that was prompted by a downturn in sales of iPhones in China.
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Investor Interest in Chinese Tech Begins 2019 Not With a Bang but a Whimper - WSJ
The flood of money rushing into Chinese internet startups has slowed, dashing hopes of quick windfalls for many investors.
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Great Retreat From Global Bank Lending Continues - WSJ
The banks hit hardest by the financial crisis have retreated from overseas lending in the decade since the 2008 collapse of Lehman Brothers, marking a rare example of a sector in which leverage has been curtailed even as global debt has boomed.
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Chinese Investors Back Away From Global Property Markets - WSJ
Chinese investors will likely continue beating a retreat from the world’s top commercial real-estate markets in 2019, adding to the downward pressure on prices from rising interest rates.
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Investors on Edge After Stocks’ Biggest Yearly Loss Since 2008 - WSJ
Stock investors are heading into the new year with a sense of wariness after contending with sharp reversals across much of the market in the fourth quarter.
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