Finbarr Bermingham

13/05/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

US-China blame game prompts Beijing hawks to ramp up criticism of phase one trade deal

Ahead of China’s crucial ‘two sessions’ policy meetings next week, criticism of the US-China trade deal has grown from state-backed news and social media outlets. Analysts suggest Beijing is still committed to phase one, but the gloves are off with regard to how the deal and the US handling of it is discussed in official organs
12/05/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

China announces new raft of US imports eligible for trade war tariff waivers amid rising superpower tensions

Second batch of trade war tariff exemptions covers 79 products, including ores, chemicals and certain medical products. Importers must apply for waivers within six months of the announcement, with the exclusion process active for one year from May 19
07/05/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

China’s exports in surprise jump in April, but imports tumble

China’s exports grew by 3.5 per cent in April and imports fell by 14.2 per cent, presenting a mixed picture of the economic recovery. Demand shock from coronavirus containment efforts around the world did not appear to place great strain on world’s second largest economy in April
30/04/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

China economy facing uneven recovery, three months after lockdown

The uneven nature of China’s economic recovery from the coronavirus lockdown was laid bare in separate surveys released on Thursday. Exporters warned the worst might be ahead, while Beijing looks set to pump money into construction projects to salvage the recovery effort
29/04/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

US-China decoupling to be accelerated by tightening of technology export controls, experts say

Under the leadership of US President Donald Trump, Washington this week broadened restrictions on technology exports to China to keep products away from the military. Experts expect severe supply chain disruptions and accelerated decoupling as the coronavirus row also inflames the relationship between the two superpowers
17/03/2020
Política South China Morning Post - China Política Económica Finbarr Bermingham

Coronavirus: China pessimistic over global powers’ efforts to save world economy amid distrust

Beijing adviser says we ‘may not see’ a global coordinated effort to fight the economic impact of the coronavirus any time soon. China has been sidelined as G7 powers discuss the need to work more closely, with mistrust among major powers set to hamper recovery effort
16/03/2020
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

Coronavirus: world faces ‘similar economic shocks’ to China as global lockdowns escalate

Western governments urged to view China’s ‘terrible numbers’ as incentive to be more decisive in tackling coronavirus economic fallout. Policymakers face delicate balancing act of managing health risks and keeping economies afloat, amid unprecedented pandemic challenge
10/12/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

Trade war: China deal unlikely this week with US distracted by USMCA, but new tariffs not expected

Sources from Beijing and Washington continue to believe that tariffs planned for Sunday will be averted, due to economic pressure on both the US and China
29/11/2019
Argentina South China Morning Post - China Economía Finbarr Bermingham

Trade war: US soybean farmers anxiously await China deal, but Brazil, Argentina exporters hope for ‘no deal’

Argentinian trader said that farmers are hoping for ‘no deal’ in the hope that its strong exports to China can continue
08/11/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

China’s October exports may offer hint of ‘stabilisation’, but still ‘hard to be optimistic’ amid US trade war

Exports fell by 0.9 per cent in October, better than the 3.2 per cent drop in September, and better than analysts had expected. Imports continued to struggle, falling for the ninth time in the last 10 months, as the economic pressure on Beijing continues to pile up amid the trade war with the US
28/08/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

US moves quickly to implement Donald Trump’s trade war tariff increase on Chinese-made consumer goods

US Federal Register notice confirms tariff rise from 10 to 15 per cent on US$300 billion of goods from Sunday. Move in response to China’s decision to impose retaliatory tariffs of between 5 and 10 per cent on US$75 billion worth of American products
14/08/2019
Economía South China Morning Post - China Industria Finbarr Bermingham

China slowdown persists as industrial economy posts worst growth since February 2002

Industrial production – a measure of China’s industrial sectors including manufacturing and mining – grew by just 4.8 per cent in July. Retail sales, a key metric of consumption in the world’s most populous nation, grew 7.6 per cent in July, down from 9.8 per cent growth in June
25/07/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

As US-China trade talks resume, how much demand does Beijing have for American farm goods?

US soybean exports have largely been replaced by those from Brazil, with the situation complicated by the impact of African swine fever. US trade representative Robert Lighthizer is set to lead a US team to Shanghai next week to meet with Vice-Premier Liu He and Commerce Minister Zhong Shan
17/04/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

China economy grows faster than expected in first quarter on strong industrial production

China’s economy grew 6.4 per cent in first quarter of 2019, beating analysts expectations, but matching lowest recorded quarterly growth. Fixed asset investment grew by 6.3 per cent, retail sales were up to 8.7 per cent and industrial production grew by 8.5 per cent, showing improvement in the economy
07/02/2019
Economía South China Morning Post - China Economía Internacional Finbarr Bermingham

US trade deficit with China narrows, as effects of trade war-induced export front-loading begin to fade

The United States’ trade deficit with China fell US$2.8 billion to US$35.4 billion in November, led by a decline in US imports of consumer goods. The data will be well-received by US President Trump, who has railed against the US’ perceived lopsided trading relationship with China.
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