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November 19 , 2018
  • CNBC：APEC fails to reach consensus as US-China divide deepens
    CNBC reports: "Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. Competition between the United States and China over the Pacific was also thrown into focus with the U.S. and its Western allies launching a coordinated response to Beijing's Belt and Roadprogram. 'You know the two big giants in the room,' Papua New Guinea (PNG) Prime Minister Peter O'Neill said at a closing news conference, when asked which of the 21 members of the Asia-Pacific Economic Cooperation (APEC) group could not agree." 
  • Forbes：Market Down: China And The Fed Are Keeping Wall Street Worried
    Forbes reports: "There are only three things on investors' minds as 2018 draws to an end: China, the Fed and, in distant third, political uncertainty in Europe, Mexico, Brazil and maybe even in India next year. For some, China is the easiest target. Despite the U.S. stock market clobbering China's, tariffs on imports mean higher costs for companies, who turn around and charge more for consumers. Making tariffs the blame for a lackluster equity market and tighter earnings is also a nice end-around for those who are no fans of President Trump. It gives them two things to blame for the price of one: the president first, China second. The Fed remains the blind spot. Another rate hike of 25 basis points in the Federal funds overnight lending rate is expected at their December 19 meeting. That will take interest rates to 2.5%."
  • The New York Times：The Great Promise of China
    The New York Times reports: "Western luxury money has been pouring into China at a rapid rate this fall. In the last four weeks alone Richemont, the Swiss owner of brands like Cartier and the e-tailer Yoox Net-a-Porter, announced a joint venture with the Chinese online retail giant Alibaba in a bid to crack the online shopping market of a country now responsible for almost a third of all luxury sales worldwide. Next, Condé Nast International unveiled plans for Vogue Hong Kong, the 26th global version of the fashion title with a print edition published in the traditional Chinese characters used in Hong Kong and a bilingual website, in Chinese and English. Then, in its latest earnings call, Ralph Lauren said it had opened 10 additional stores in mainland China in the last quarter, putting it on track to open more than 50 by the end of 2019. And Coach said it would stage its first runway show in China on Dec. 8, a blockbuster spectacle and after-party titled 'Coach Lights Up Shanghai.'"
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