China, Trump and trade talks
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The average price of new homes across 100 cities in China climbed 0.30% in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday.
Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.
China's manufacturing activity continued to show signs of improvement in May as production accelerated and market expectations strengthened, official data showed Saturday. The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.
South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by U.S. President Donald Trump's sweeping tariffs.
BEIJING] China’s manufacturing activity contracted in May for a second month, an official survey showed on Saturday (May 31), fuelling expectations for more stimulus to support the economy amid a protracted trade war with the United States.
Cumulative profits at major industrial firms climbed 3% in April, brushing off the impact from prohibitive U.S. tariffs and persistent deflationary pressures.
Enterprise Products Partners on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China.
Key economic indicators show China's economy slowing somewhat in April, with retail sales, property and investment coming in weaker than economists had forecast.
Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.
US stocks dip as cooling PCE inflation eases Fed hike fears, but renewed China trade tensions weigh on S&P500, Nasdaq, and Dow outlooks.