- World/Latin America
- 2019-08-19 20:28:39Z
China's government has unveiled plans to boost the mainland city of Shenzhen and make it into what state media called a "better place" than neighbouring Hong Kong, following another huge pro-democracy rally in the semi-autonomous financial hub. Weeks of rallies, demonstrations, and occupations have plunged Hong Kong into crisis -- which Beijing is now framing as an opportunity for Shenzhen's development. On Monday, state-run media outlined a set of guidelines released by the central Chinese government that aims to turn Shenzhen into a pilot area of "socialism with Chinese characteristics".
- World/Latin America
- 2019-08-19 03:37:55Z
The United States no longer has military primacy in the Pacific and could struggle to defend allies against China, a top Australian think tank has warned. A hard-hitting report from the United States Studies Centre at the University of Sydney released on Monday said the US military is an "atrophying force" that is "dangerously overstretched" and "ill-prepared" for a confrontation with China. If correct, the assessment has far-reaching implications for US allies like Australia, Taiwan and Japan who depend on American security guarantees.
U.S. President Donald Trump on Sunday said he did not want the United States to do business with China's Huawei even as the administration weighs whether to extend a grace period for the company. Reuters and other media outlets reported on Friday that the U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies Co Ltd [HWT.UL] that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers. The "temporary general license" will be extended for Huawei for 90 days, Reuters reported, citing two sources familiar with the situation.
- 2019-08-18 20:48:19Z
Heavy rain failed to keep hundreds of thousands of protesters from swarming Hong Kong streets Sunday to rally against the Beijing government.
- 2019-08-18 17:19:58Z
* Peter Navarro and Larry Kudlow dispute market indicators * Tariffs are hurting China not US, trade aide insists Traders work after the opening bell at the New York Stock Exchange on Thursday. Photograph: Johannes Eisele/AFP/Getty ImagesDonald Trump's chief trade advisers insisted on Sunday the US is not facing a recession which markets appear to fear and which could cost the president dearly at the polls next year.Speaking to ABC's This Week, White House trade adviser Peter Navarro defended US policy, predicted a "strong economy through 2020" and disputed the existence of a bond-market indicator of approaching recession that this week sent stocks into their largest one-day sell-off...
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