CHICAGO — Some 700 Chinese, U.S. businessmen and officers gathering in downtown Chicago Monday referred to as for collaboration between the 2 international locations.
China and the United States want to maneuver in the identical route, and comply with by on the essential widespread understandings reached between the 2 international locations’ presidents and translate the commitments into concrete insurance policies and actual actions, Chinese Ambassador to the United States Xie Feng mentioned in his keynote speech on the seventh Annual Gala of the China General Chamber of Commerce-USA Chicago (CGCC). (US-China-Collaboration)
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SEOUL — South Korea’s finance ministry mentioned Wednesday that it’s going to lower import tariffs on 76 objects in 2024 as a part of their efforts to strengthen industrial competitiveness and management inflation.
The decrease tariff charges can be utilized to 76 industrial merchandise and meals objects starting Jan. 1 subsequent yr underneath the nation’s quota tariff system, the place the federal government adjusts fundamental tariff charges on imported items to accentuate trade competitiveness and stabilize costs, in accordance with the Ministry of Economy and Finance. (South Korea-Import Tariff)
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TOKYO — Japan on Wednesday lowered its financial view for the primary time in 10 months, as weak home demand weighs on the economic system.
The Cabinet Office mentioned in its newest month-to-month report that the economic system “recently appears to be pausing in part” regardless of restoration at a average tempo. (Japan-Economic View)
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WASHINGTON — The United States might be headed for one more credit score downgrade. If that happens, there might be ripple results from customers to the White House.
Leading credit score company Moody’s on Nov. 10 lowered its U.S. credit standing outlook to “negative” from the earlier “stable” citing giant money owed and political gridlock, which is extensively seen as a step nearer to an precise downgrade. (U.S.-Moody’s Rating)