Chinese President Xi Jinping chairs and addresses the leaders' roundtable during the second Belt and Road Forum in Beijing. Photos: Xinhua

Xi Jinping seeks to ease currency war fears as China and US near trade deal

  • Chinese president says country ‘will not engage in any beggar-thy-neighbour’ devaluation
  • Market will be allowed to play ‘decisive’ role in setting yuan exchange rate, while keeping it ‘basically stable’
Topic |   US-China relations

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Chinese President Xi Jinping chairs and addresses the leaders' roundtable during the second Belt and Road Forum in Beijing. Photos: Xinhua
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Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters

China’s belt and road may accelerate exit of manufacturing to Vietnam and India, researchers warn

  • The Belt and Road Initiative is China’s plan to grow global trade, but coupled with the US-China trade war, it could add pressure to its sluggish economy and debt pile
  • Foreign direct investment in Vietnam’s manufacturing sector, driven by electronics manufacturing, has risen to 11 per cent a year over the past five years
Topic |   China economy

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Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters
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