Chinese Vice-Premier Liu He, US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer, and US Ambassador to China Terry Branstad talk after concluding their meeting at the Diaoyutai State Guesthouse in Beijing, China, May 1, 2019. Photo: Reuters

US-China negotiators near deal to roll back some tariffs

  • US-China negotiators near deal to roll back some tariffs on more than US$250 billion-worth of Chinese goods, according to two people close to the talks
  • Latest round of talks in Beijing were held by US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and Chinese Vice-Premier Liu He
Topic |   US-China trade war

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Chinese Vice-Premier Liu He, US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer, and US Ambassador to China Terry Branstad talk after concluding their meeting at the Diaoyutai State Guesthouse in Beijing, China, May 1, 2019. Photo: Reuters
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Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg

Corporate China hit by worst earnings on record in 2018, as trade war bites

  • Losses related to goodwill soared to a record 166 billion yuan (US$24.65 billion) last year
  • Technology among sectors worst hit, but construction materials, defence make gains
Topic |   China economy

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Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg
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