What’s going on? The EU and China are close to reaching a business investment deal as Brussels (Belgium) seeks to flatten the playing field for European companies operating in the Chinese market. For EU The talks are seen as a core part of EU’s strategy for managing increasingly tense trade relations with China. The pact…
Tag: trade
Ep 76: A Recipe For Success
What’s Going On Here? Morgan Stanley whipped up an optimistic prediction: it reckons the start of next year will provide all the ingredients we need for a global economic recovery. What Does This Mean? The past two years have seen global economic growth slow from 3.8% to 3%, in part because of the US-China trade…
Ep 47: Trump threatened Hanoi on trade
Key points Vietnam has emerged as a large beneficiary amid the U.S.-China trade deal. A new deal is solidifying Hanoi’s privileged position. Vietnam and the European Union on Sunday inked a first-of-its-kind trade deal that will eliminate 99% of tariffs on goods imported to the bloc. The U.S. government is signaling that it could be…
Ep 46: Chin Up, China
What’s Going On Here? China’s economy grew 6.2% in the second quarter of 2019 versus a year before (its slowest rate since the end of the Cold War). What Does This Mean? While the growth rate was in line with economists’ expectations and with China’s target of 6-6.5% for 2019 as a whole – a close inspection of the…
Ep 7: Another Day, Another Tariff
What’s Going On Here?America’s announcement of new tariffs on Mexican products sent investors running from stock markets straight into government bonds (yields of which hit new lows). What Does This Mean?The US plans to charge an initial 5% tariff on all Mexican imports, rising each month until it reaches 25% unless Mexico agrees to curb…
Ep 5: African free trade agreement. Now what?
What’s going on here?Thursday (May 30, 2019) was a notable date in African economic history as the day the African Continental Free Trade Area (AfCFTA) came into effect. What does that mean?AfCFTA is predicted to: “bring $3.6 billion in welfare gains to the continent through a boost in production and cheaper goods” (UNCTAD) from reducing…
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