UK International Trade Secretary visits China and secures major dairy deal UK International Trade Secretary, Liam Fox, visited China earlier this month to discuss strengthening trade and business ties between the UK and China. While in China Fox met with Chinese Vice-Premier, Hu Chunhua, who emphasised the importance of economic ties between the UK and China….
Britain tightens foreign takeover rules – aims to restrict Chinese acquisitions Britain implemented tougher measures on foreign takeovers of UK businesses this month in a move which is perceived as an attempt to reduce the number of Chinese acquisitions of UK businesses. Britain is the second most popular target nation for business acquisitions, surpassed only…
US-China trade war escalates as Trump threatens more tariffs Donald Trump’s trade war with China threatened to escalate this month after he vowed to add a further 10% tariffs on $200 billion of Chinese goods, something China quickly vowed to reciprocate. China’s commerce ministry claimed that the US had initiated a trade war, violated market…
China’s global financial clout surfaces en masse China’s business and financial influence were highlighted on the global stage this month on three fronts. Donald Trump vowed to help protect 80,000 jobs at China’s ZTE, despite US companies having been forbidden from selling to them last month due to the company’s trade with Iran and North…
Further Trump trade tariffs threaten to turn into trade war with China Ongoing trade debates between the US and China intensified in March when Donald Trump announced a 25% tax on steel imports into the US, and other reported tariffs on up to $60 billion (43 billion pounds) of Chinese imports. Both policies are set…
Concern as Xi Jinping aims to extend presidency beyond ten years The Chinese government this month proposed to remove limits on the maximum term served by a president, which currently stands at ten years. The Chinese Communist Party, the sole governing party in China, has previously capped all presidencies at ten years, or two five-year…
‘America First’ trade tariffs and blocked takeover deals bad news for China-US trade; will the UK benefit? Donald Trump’s long promised trade tariffs on foreign imports were approved this month, including tariffs of 20-50% on some Chinese imports, whilst Alipay’s proposed $1.2 billion purchase of US company Moneygram was blocked by the Committee on Foreign…
Chancellor and Bank of England governor visit China; Cameron gets China investment role Phillip Hammond and Mark Carney visited Beijing this month with the intention of securing the UK’s place as a key trading partner with China, with trade deals up to £1 billion discussed. The visit is an attempt to boost trade in…
Singles Day breaks all previous sales records with $25.3 billion spend China’s Singles Day, an event started by singles in China in the early 90s as an ‘anti-Valentines Day’, this month broke all previous records and cemented itself as the world’s biggest retail event with $25.3 billion spent in 24 hours, a 39% increase on…
Because Paypal and Visa won’t do… For most of us nowadays it is already normal to associate big numbers with China, whether it’s population figures or commodity exports. But many UK merchants are not aware of the astonishing scale of China’s home-grown financial service players and their increasing presence in the UK. What follows…
