https://www.scmp.com/rss/501817/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The latest round of trade negotiations between Washington and Beijing earlier this month ended badly, with both sides firing a broadside – US President Donald Trump threatened to slap tariffs of 10 per cent on US$300 billion of previously untouched Chinese goods, while Beijing responded by lowering the value of the yuan. Weakening the Chinese currency to seven to the dollar, its lowest level in 11 years, knocked down financial markets and global commodities. Trump responded in kind by labelling... https://www.scmp.com/week-asia/opinion/article/3023193/how-us-china-currency-war-will-impact-indonesia?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3023193/how-us-china-currency-war-will-impact-indonesia?utm_source=rss_feed Mon, 19 Aug 2019 01:00:19 +0000 Indonesia made great strides in reforming its economy during the first term in office of President Joko Widodo, popularly known as Jokowi. The country’s ranking in the World Bank’s ease of doing business study rocketed from 114 in 2014 to 73 this year, and ratings agency Standard and Poor’s in 2017 joined Moody’s and Fitch in awarding BBB investment status. But securing capital remains a big challenge. According to government figures, investment grew 11.4 per cent a year in Widodo’s first term,... https://www.scmp.com/week-asia/opinion/article/3022886/indonesia-still-wants-chinese-investments-jokowi-also-wooing?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3022886/indonesia-still-wants-chinese-investments-jokowi-also-wooing?utm_source=rss_feed Thu, 15 Aug 2019 04:34:11 +0000