Evelyn Cheng

Economía CNBC - Estados Unidos Economía Internacional Evelyn Cheng

China puts the pandemic behind it, aims for less commodity-intensive growth

“China remains a major source of commodity demand but one that is expanding slower,” Institute of International Finance analysts said in a note Tuesday. Copper, often seen as a proxy on growth, hit its highest in about a decade late last month. But prices have fallen about 6% since, according to data from the London Metal Exchange.
Política CNBC - Estados Unidos Política Internacional Evelyn Cheng

Biden’s pick for foreign policy head affirms a push to get allies on board with U.S. policy on China

22:00 - On Monday, Biden announced he intends to nominate Antony Blinken as secretary of State. If confirmed, the appointment puts Blinken at the front lines of Biden’s China policy. “One of the things that this picking signifies is that Biden will almost certainly make good his promise to re-engage U.S. allies,” Isaac Stone Fish, a senior fellow at the Asia Society, said in a phone interview. “Trump has already seriously wounded China-U.S. relations. Although the Biden ... and his team are very familiar with China, they cannot avoid these problems,” said Shen Yamei, deputy director and associate research fellow at state-backed think tank China Institute of International Studies’ department for American studies.
Economía CNBC - Estados Unidos Economía Internacional Evelyn Cheng

China’s Commerce Ministry says trade war should be ended by removing tariffs

China is still calling for the U.S. to roll back tariffs as part of any “phase one” agreement, as trade negotiations between the world’s two largest economies drag on.“If both sides reach a phase one agreement, the level of tariff rollback will fully reflect the importance of the phase one agreement,” China’s Ministry of Commerce spokesperson Gao Feng said in Mandarin.
Economía CNBC - Estados Unidos Economía Internacional Evelyn Cheng

China takes cautious steps with new tariffs, leaving most to December

China pushed ahead Sunday with increased duties of between 5% to 10% on a variety of major American exports, including soybeans and crude oil. The Chinese side has called for the cancellation of all additional tariffs as part of a trade agreement.
Economía CNBC - Estados Unidos Economía Internacional Evelyn Cheng

Trade tensions have had a ‘significant’ impact on China, IMF says

The International Monetary Fund (IMF) lowered its 2019 growth forecast for the world’s second-largest economy to 6.2% from 6.3% on Wednesday. “The trade tensions have had an impact, significant, but in our view, so far contained,” Kenneth Kang, deputy director of the Asia-Pacific Department at the IMF and leader of the visiting team, told CNBC in an interview Wednesday.
Economía CNBC - Estados Unidos Economía Regional Evelyn Cheng

China just injected a record amount of money to stimulate its economy

On Wednesday, the Chinese central bank injected a net 560 billion yuan ($83 billion) into the banking system, the highest ever recorded for a single day.
Economía CNBC - Estados Unidos Economía Internacional Evelyn Cheng

China finally gets long sought-after endorsement as MSCI adds stocks to emerging markets index

MSCI said Tuesday it plans to add 222 China A Large Cap stocks to its benchmark emerging markets index on a gradual basis beginning next year. This was the fourth-straight year MSCI was considering adding the mainland-traded stocks. The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (ASHR) traded more than 2 percent higher in extended trading following the decision.
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