In the last week of May, the Canadian government announced that it was blocking a proposed $1.18 billion acquisition of the Canadian firm Aecon Group Inc. by the China Communications Construction Company (CCCC), citing national security concerns. Had the deal gone through, CCCC would have potentially received troves of documents from the Canadian government detailing government contracts, including nuclear reactors agreements.
The most recent round of US-China trade talks ended on Sunday, June 3 without any signed trade deals. Some reports earlier this week claimed that China agreed to buy more agricultural products, including soy beans and corn as well as energy products such as natural gas. – Ziqing Zhang
On March 31, six countries sharing banks of the Mekong River agreed to an aggressive investment program involving 227 projects expected to cost $66 billion over five years. Leaders from Vietnam, Cambodia, Laos, Thailand, Myanmar, and China reached the agreement at a summit in Hanoi. – Ziqing Zhang
On May 30, the International Monetary Fund (IMF) stated that China’s GDP enjoyed a 6.8% growth in the first quarter. However, the IMF currently predicts decreasing growth, down to 6.6%, due to the Sino-American trade friction’s potential impact on the country’s trade. – Ziqing Zhang
As of May 21, Beijing announced that it would be purchasing additional American imports in the coming years after both the United States and China decided to “halt” the trade war — a conflict US President Donald Trump claims was sparked primarily by the large American deficit in their trade relationship. – Adriana Ray
As of May 29, following criticism over the recent years that Malaysian Prime Minister Najib Razak’s administration had allowed Beijing too much influence in agreeing to China’s One Belt One Road Initiative (BRI) projects, Mahathir Mohamad of Pakatan Harapan, an opposition party, won the early May election in a huge upset. – Adriana Ray
As of May 21, Beijing announced that it would be purchasing additional American imports in the coming years after both the United States and China decided to “halt” the trade war — a conflict US President Donald Trump claims was sparked primarily by the large American deficit in their trade relationship. – Adriana Ray
In early May of this year, United States President Donald Trump’s announced that the U.S. would be withdrawing from the denuclearization deal with Iran and re-imposing sanctions, sending shock waves through the world. Amidst the ensuing confusion, China has made it clear they intend to increase trade with …. Read More Here. – Adriana Ray
In the wake of political progress between North and South Korean leaders, a little Chinese town just over the Yalu River from North Korea has seen an unprecedented real estate boom. In the border city of Dandong, China, home prices for rent doubled from 3,000 yuan (USD$471.50) to 5,500 yuan (USD$863) in the two days before the inter-Korea summit between North Korean leader Kim Jung-un and South Korean President Moon Jae-In……Read More Here. – Adriana Ray
As of May 10, multiple sources have reported that American car manufacturer Ford’s imports coming through Chinese customs have been held up with unusual delays from officials insisting upon additional technical checks. Back in 2006, Ford initiated a $5 billion USD plan to build dealerships and additional factory space in the country, hoping to…. Read More Here.
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