The EU has started the process to withdraw Cambodia’s trade benefits under the “Everything But Arms arrangement, or EBA, which guarantees completely tariff-free access to the European market for all exports except for weapons and ammunition.”
The decision of other signatories to proceed with the JCPOA and the likelihood of a successful new trading arrangement sans US dollar could hurt the international position of the US dollar and the currency will be collateral damage to the current impasse.
The Eastern Economic Forum, Russia’s economic outreach to the world, attracted participants from 60 countries. The most notable ones were China and Japan. The EEF was held for three years continuously in Russia’s Far Eastern city of Vladivostok
The recent US trade retaliation against China is similar to that against Japan in the 1970s and 1980s. Japan’s economy was badly hit after the large appreciation of the Japanese yen as part of the measures to resolve the bilateral trade imbalance
Many analysts are looking at the disaggregated July US imports from China because changes in the July importation figure of the affected items are the first tangible data points of how the Chinese exports to the US have been affected.
In April 2018, it was revealed that Singapore has invested SGD 27 billion into the Chongqing Connectivity Initiative since the project broke ground in 2015. The four priority sectors are financial services, aviation, transportation and logistics, and ICT.
While addressing the opening of the Forum of China Africa Cooperation, Chinese President Xi Jinping sought to allay fears of not just African countries, but other countries which are part of the Belt and Road Initiative.
In the past few months, US-China relations have sunk to a state somewhere between frosty and hostile. This marks a major change since President Trump visited China in November 2017. There are several reasons for this.
North Korea’s economy suffered a negative growth of 3.5 percent in 2017, its worst setback in a decade. The disagreement with the US over its denuclearization process could delay the lifting of sanctions, while China-US competition in the Korean Peninsula may add additional uncertainty.
Malaysian Prime Minister Dr Mahathir Mohamad visited Beijing from August 17-21, 2018, with the aim of seeking understanding from his Chinese hosts that his government needs to re-adjust Malaysia’s financial situation.