With transparent institutions, free elections and a free market economy, Taiwan positions itself as an island of democracy off the coast of an authoritarian People's Republic of China (PRC). Germany is one of Taiwan's most important European partners, with a robust trade relationship and strong bonds between companies and institutions. But Berlin does not have any formal diplomatic relations with Taipei. However, after a petition started by a German pensioner received more than 50,000 signatures in only a few weeks, the German government will now have to explain why it doesn't recognize Taiwan in a hearing set for Monday, December 9. Read more: Can Taiwan counter China's 'diplomatic aggression'? Michael Kreuzberg is a retired German marine biologist from the eastern city of Rostock. After he visited Taiwan in 2018, he was "inspired by the people there fighting for their democracy." Kreuzberg said he lived under a dictatorship in the former … [Read more...] about German petition on Taiwan forces government to justify ‘one China’ policy
Argentinean asia expert china must withdraw from vietnams waters
* Dalian iron ore edges down in morning trade * Spot 62% iron ore rises to $86.5 per tonne * A U.S.-China “Phase One” trade deal could slide into 2020 By Min Zhang and Enrico Dela Cruz BEIJING, Nov 21 (Reuters) - Iron ore futures in China fell on Thursday amid uncertainty on whether China and the United States could reach a “phase one” trade deal agreement this year. Completion of the “phase one” trade deal could slide into next year, trade experts and people close to the White House said. China’s Vice Premier Liu He said he is “confused” about U.S. demands, but is confident that a first phase trade deal can be reached, Bloomberg reported. The most-actively traded iron ore futures on the Dalian Commodity Exchange, for January 2020 delivery, inched down 0.1% to 637 yuan ($90.77) per tonne by 0330 GMT. Prices for spot cargoes of benchmark iron ore with 62% iron content for delivery to China rose for a sixth session to $86.5 … [Read more...] about China iron ore futures dip amid worries over U.S.-China trade deal delay
© AP Photo / Ng Han GuanChina Sends Warning to Japan Over Deployment of Warship to the South China SeaBEIJING (Sputnik) — China will take the necessary response measures if Japan sends its largest warship, the Izumo helicopter carrier, on a three-month tour to the South China Sea, Foreign Ministry spokeswoman Hua Chunying said Thursday at a briefing. Earlier this week, media reports emerged that Japan planned to send the Izumo on a tour with stops in Singapore, Indonesia, the Philippines and Sri Lanka in order to test the ship’s capabilities before joining the Malabar joint maneuvers with India and the United States. "Based on its own interests, Japan has recently been creating problems and polarization over the issue of the South China Sea. This approach has caused strong resentment of the Chinese citizens. Japan continues to do this, and the attempts to have military presence … [Read more...] about China to Retaliate If Japan Sends Izumo Warship to South China Sea
(Corrects premier spelling in 12th paragraph) * Spot 62% iron ore rises to $86.5 per tonne on Wed * A U.S.-China “Phase One” deal could slide into 2020 By Min Zhang and Enrico Dela Cruz BEIJING, Nov 21 (Reuters) - Iron ore futures in China recovered from early losses to close slightly higher on Thursday, amid uncertainty on whether Beijing and Washington could reach a “phase one” trade deal this year. Reuters, citing trade experts and people close to the White House, reported that completion of the “phase one” trade deal could slide into next year, while Bloomberg quoted Chinese Vice Premier Liu He as saying he was “confused” about U.S. demands, but was confident that an agreement could be reached. A fresh row between the two countries over U.S. legislation on Hong Kong also clouded the prospects of a deal. The most-actively traded iron ore futures on the Dalian Commodity Exchange, for January 2020 delivery, lost 0.1% in morning … [Read more...] about REFILE-UPDATE 1-China iron ore futures rise amid worries over U.S.-China trade deal delay
The question is straightforward enough, even if it does sound a bit abstract and academic: What does China want its currency—the yuan—to be? The answer is much more important, both to the state of global financial markets and to the way the international financial and trade system now functions, than most people realize. A currency is, at root, a medium of exchange, but when someone asks, What does China want its currency to be?, that's not the answer. Currencies are—or can be—so much more than that. The U.S. dollar's post-World War II role as a so-called "reserve currency''—the default medium of exchange for virtually all international trade, and the place where in a crisis nearly everyone runs—had everything to do with the U.S.'s role in the world. Not only was its economy the world's largest and its financial markets the deepest and most liquid, but it enforced (first in the "free" world during the Cold War, then globally ever since) a … [Read more...] about What’s Behind Washington’s Tussle With China Over China’s Asia Bank?