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Biden will 'walk, not run' on trade deals as Sino-U.S. tension lingers


3 Min Read
(Reuters) - Sino-U.S. ties will stay tense as U.S. President Joe Biden is unlikely to rush into new deals with the world’s second largest economy or reduce tariffs on China, even if he is willing to re-engage with multilateral trade, economists and strategists said.
U.S. President Joe Biden salutes while boarding Air Force One as he departs for Washington from Newcastle, Delaware, U.S., February 8, 2021. REUTERS/Joshua Roberts
Following former president Donald Trump’s “America First” stance, the Biden administration has a “Buy American” policy for federal procurement.
That means continued tensions, Rashmi Banga, senior economist at the United Nations Conference on Trade and Development, told the Reuters Global Market Forum. ....

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Joe Biden will 'walk, not run' on trade deals as Sino-US tension lingers


Sino-US ties will stay tense as US President Joe Biden is unlikely to rush into new deals with the world s second largest economy or reduce tariffs on China, even if he is willing to re-engage with multilateral trade, economists and strategists said.
Following former president Donald Trump s America First stance, the Biden administration has a Buy American policy for federal procurement.
That means continued tensions, Rashmi Banga, senior economist at the United Nations Conference on Trade and Development, told the Reuters Global Market Forum.
She predicted the United States would not change its policies in the ongoing tech rivalry with China, which has a large global footprint in digital technology and services. ....

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India is set to announce its budget on Monday. Here's what economists expect


India is set to announce its budget on Monday. Here s what economists expect
CNBC
1/02/2021
Saheli Roy Choudhury
India s finance minister, Nirmala Sitharaman, will present the country s annual budget on Monday for the new fiscal year that starts on April 1.
Growth prospects for South Asia s largest economy remain fragile.
India must avoid the trap of a false choice between restoring growth and getting back on a path to fiscal consolidation in the upcoming budget, according to Mizuho Bank s Vishnu Varathan.
© Provided by CNBC
A worker quenches his thirst with water from a bottle taking a break from cleaning weeds from a park near India Gate amid rising temperatures in New Delhi on May 27, 2020. ....

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Asian central banks set for holding pattern in 2021 with rates at record lows


Blog
Blog
Blog
Blog
17 Jan, 2021
Author
Maya BalasubramanyaMohammad Abbas Taqi
After a turbulent start to 2020 sent interest rates to record lows, central banks across the Asia-Pacific broadly kept their monetary policies unchanged in the fourth quarter of 2020 and are set to keep them on hold this year as the COVID-19 narrative in the region shifts from containment to economic recovery.
Only three of the 12 central banks tracked by S&P Global Market Intelligence resorted to interest rate cuts in the fourth quarter of 2020 as positive developments on vaccines against the virus coincided with a resurgence of infections in the region. Most other banks kept their rates on hold following a series of reductions in the first half of the year, while the Bank of Japan has kept its short-term policy rate unchanged since 2016. ....

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