U. S. And beijing has announced it has to stop purchasing u. S. Farm products prompting fears that the trade war is set to get even nastier. Could china be weaponize ing its currency in the increasingly hostile trade war between washington and beijing the chinese who won unexpectedly crossed the psychologically important 7 print dollar mark for the 1st time since the Global Financial crisis he won slumped to an 11 year low could be good for chinese exports they could remain competitive despite the tariffs thats why some see it as retaliation to the additional 10 percent tariffs on 300000000000. 00 worth of chinese imports u. S. President donald trump announced last week for Chinas Central Bank blame the yuan slump on unilateralism and trade protectionism. Huge of the complicated International Situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and Risk Prevention hodges regime which we dont phone china has denied it i
The us and beijing has announced it is to stop purchasing u. S. Farm products prompting fears that the trade war is set to get even nastier. Could china be weaponize ing its currency in the increasingly hostile trade war between washington and beijing the chinese who won unexpectedly crossed the psychologically important 7 print dollar mark for the 1st time since the Global Financial crisis the one slump to an 11 year low could be good for chinese exports they could remain competitive despite the terrace thats why some see it as retaliation to the additional 10 percent tariffs and 300000000000. 00 worth of chinese imports u. S. President donald trump announced last week for Chinas Central Bank blamed the u. One slump on unilateralism and trade protectionism. Huge of the complicated International Situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and Risk Prevention the hotter team. Phone china has denied it is devalu
Now an embarrassment. Now on bbc news all the latest Business News live from singapore. Canada tries to salvage free trade talks with the chinese before the Prime Minister, justin trudeau, wraps up this trip to the mainland. And the chief of air france launches an Airline Catering to minelli and millennials. Will be id take off . Idea. Good morning. Hello, world. It is wednesday. Glad you could join us it is wednesday. Glad you could join us for another action packed edition of Asia Business report. Im rico hizon. We start of canada and the Prime Minister, justin trudeau, has left beijing for the Industrial City of gwangju on his men they too. He met the countrys leader xi jinping on tuesday for a state dinner. China is currently canadas second largest trading partner with annual bilateral trade worth around 70 billion us dollars. The two sides had expected to launch formal negotiations for a free trade pact during mr trudeaus visit, but progress is proving to be slow. China has had si
Ground. Now, of course, new zealand lies in a notorious called the ring of fire. This is an area that is used to these kinds of situations, the location is significant, christchurch, of course, is still recovering from that deadly 2011 quake that killed 185 people, virtually destroyed the entire city center. Were not hearing reports of any casualties at this point. There has been damage of apartment buildings, the insides of houses. No significant structural damage as far as we know at this moment, but, again, that tsunami quake that sue natsunami thr a huge concern. Authorities say people must get to higher grounds. They say the initial waves will be smaller than the later waves that could come. People are bracing for the worst. Do you have any idea when well know how severe this tsunami might be . Were going to have to keep watching this and monitoring this very, very closely, these waves could continue for quite some time. This is something that authorities are looking into and, aga
Central bank in beijing blamed unilateralism and trade protectionism and called for improved financial stability. Due to the complicated International Situation and uncertainties we must pay great attention to handle the relationship between further reform and opening up and Risk Prevention the heart of city which we dont have on. The news turned asias benchmark stock indices into a picture of misery hong kongs hang seng index closed nearly 3 percent lower a 7 month trough in tokyo the nikkei 2. 00 to 5. 00 ended 1. 75 percent lower the mainlands big board the shanghai composite closed down 1. 25 percent. Looking ahead the current weakness of the yuan is going to make things difficult in trade talks the u. S. Wants china to buy more American Goods to narrow the trade deficit a correspondent andrea hang it all the ballots join us from the financial hubs of singapore in frankfurt address the fallout looks biggest in asia whats the damage. Well the chinese currency reaching that 7 per dol