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China confirms coronavirus can pass person-to-person as fourth death reported
The Chinese official investigating a pneumonia outbreak stemming from a new coronavirus said the disease can spread from person to person but can be halted with increased vigilance, as authorities on Tuesday confirmed a fourth death. The outbreak has spread from the central city of Wuhan to cities including Beijing and Shanghai, with more than 200 cases reported so far.
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Minister: Germany needs China’s Huawei to build 5G network
BERLIN (AP) — Germany’s interior minister is suggesting that his country can’t build a 5G mobile network without Chinese tech giant Huawei, at least for now, intervening in an issue that has caused tensions between the U.S. and its allies.
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201 cases of SARS-like virus reported throughout China, officials say
In Wuhan, where the virus began to spread, 198 cases have been reported, according to the Wuhan Municipal Health Commission. Two people have tested positive in Beijing, according to reports on Weibo, citing the Beijing Daxing Health Commission, and one person has tested positive in Shenzhen, according to the Guangdong Province Health Commission.
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China GDP growth last year was 6.1 per cent, slowest rate for 29 years
China’s economy grew by 6.1 per cent in 2019, the lowest growth rate since political turmoil ravaged the country in 1990, the government announced on Friday
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Visa, Mastercard, AmEx win easier access to China market
The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., according the text of a landmark trade agreement with the U.S. It should be an especially welcome reprieve for Mastercard and its partner NetsUnion Clearing Corp., which set up a venture in March that is still awaiting approval from the People’s Bank of China to begin operations.
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Wuhan disease can spread between humans: experts
Hong Kong medical experts have discovered the Wuhan pneumonia disease can be transmitted between humans after a woman was apparently infected by her husband.
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The U.S.-China trade deal was signed -- costly tariffs will stay in place, but billions more in sales are promised
The U.S.-China trade deal that President Donald Trump and China's Vice Premier Liu He signed on Wednesday provides an escape clause for either country to withdraw if a dispute cannot be resolved through high-level talks. That’s one of the many details tucked in the 86-page agreement.
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Reuters: sources said Trump administration moves toward blocking more sales to Huawei
The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said.
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China Pledges To Buy $200 Billion Of American Goods Under Phase One Trade Deal; Tariff remains unchanged
With the Phase One trade deal signing scheduled for tomorrow, new details have emerged about China’s pledge to significantly ramp up purchases of U.S. exports including manufactured goods, food, farm products, energy and services, sources told Reuters.
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China no longer a currency manipulator, U.S. Treasury says
In another sign of thawing relations, the U.S. Treasury on Monday formally stepped back from its decision last year to label China a currency manipulator.
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China's 2019 Export in USD terms was up 0.5%, imports down 2.8%
China's exports grew at the slowest pace in three years, as two years of trade tensions with the U.S. weighed on the Chinese economy amid a global slowdown.
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Taiwan election: Tsai Ing-wen wins second presidential term
Taiwan's President Tsai Ing-wen has secured a second term after sweeping to victory in an election dominated by the island's relationship with China.
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Report says Ant Financial eagers to list in HK, possibly before Baidu
Mainland media reported the Ant Financial speeded up their pace to list in Hong Kong, possibly surpassing other US-listed Chinese companies, such as Ctrips, Baidu, to list in Hong Kong.
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China’s car sales fell 7.5% in 2019 amid slowing economy
China’s once-buoyant car market posted declining sales for a second consecutive year, falling well short of analysts’ expectations as an economic slowdown deterred consumers from splashing out on big-ticket items.
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Trump says he may wait to finish Phase 2 China trade deal until after November
U.S. President Donald Trump on Thursday said his administration will start negotiating the Phase 2 U.S.-China trade agreement soon but that he might wait to complete any agreement until after November’s U.S. presidential election.
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A new virus may be the cause of China’s mysterious pneumonia outbreak
The mysterious outbreak in China causing dozens of people to fall sick with pneumonia may be the result of a new coronavirus, a member of the same family of viruses that caused SARS.
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Trump: Iran 'standing down' after missile strikes
US President Donald Trump has said Iran "appears to be standing down" after it fired missiles at air bases housing US forces in Iraq.
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Citic looking to offload 22% stake in McDonald’s China
CITIC is reportedly looking to sell its 22% stake in McDonald’s mainland China and Hong Kong operations two years after it acquired the stake.
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Tencent-Led Buyers Seek 1 Billion Euro Loan for Universal Music Deal
A consortium led by Chinese tech giant Tencent Holdings Ltd. is seeking a 1 billion euro ($1.1 billion) loan to fund its $3.4 billion purchase of a stake in Universal Music Group, Bloomberg reported Tuesday.
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21 Firms Are Vying To Be Digital Banks In Singapore
Singapore is taking a big step forward in fintech with the opening of digital bank license applications by the Monetary Authority of Singapore (MAS), allowing non-bank players to enter the market and serve consumers and businesses for the first time.