By freemexy, 2020-01-21
Agriculture markets fell as traders grew skeptical over the deal’s payoff. Some traders expressed concern that the potential benefits of the trade truce are already priced in to commodities such as soybeans, cotton and hogs that are expected to benefit the most from increased Chinese purchases.To get more china trade finance news, you can visit shine news official website.
There was also concern over how China would reach its pledge to buy an additional $32 billion above pre-trade war levels over the next two years. The White House offered no details on specific commodity commitments, and China hasn’t agreed to tariff reductions under the agreement. China committed to importing at least $12.5 billion more agricultural goods this year than in 2017, rising to $19.5 billion next year.
China will also “strive” to purchase an additional $5 billion a year in farm products. That could get total purchases next year toward the $50-billion mark. But doubts have surfaced on whether China will meet that target, particularly because the two governments have said they will keep secret the purchase benchmarks for individual commodities. The market is already looking for real evidence that China will follow through on its pledges of more purchases, and in big amounts. In soybeans, Brazil already has a freight advantage in shipping goods to China more cheaply than out of the U.S. Gulf.
A weakening Brazilian real has also made South American supplies a comparative bargain. Meanwhile, Chinese demand for soybeans could fall as the country deals with its swine fever epidemic, which is shrinking the hog herd and reducing the need for commodities used in livestock feed. Finance China brought forward the planned opening of its $21-trillion capital market by eight months, swinging the door open for global investment banks. Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and other firms will now be allowed to apply to form fully owned units to do a broad array of investment banking and securities dealing in the Communist Party-ruled nation in April, compared with an earlier deadline of December.
“China shall eliminate foreign equity limits and allow wholly U.S.-owned services suppliers to participate in the securities, fund management, and futures sectors,” according the text of the trade agreement. The deadline change was announced in conjunction with the signing of the trade deal, partially resolving a protracted dispute that has weighed on the world’s second-largest economy. It’s part of a broader opening of China’s financial markets, which also includes giving access to its asset-management and insurance markets. By dismantling the wall to its financial market, China is counting on foreign financial firms to plow $1 trillion in fresh capital into the nation over the next few years, cushioning a slowdown in the economy and helping a transition to a more consumer-led growth model.
By freemexy, 2020-01-21
China's Spring Festival travel rush started Monday, unleashing the country's largest seasonal migration of people as families reunite for China's most important traditional holiday. The travel rush began 15 days ahead of the Spring Festival, or Chinese Lunar New Year, which falls on Feb. 5 this year.To get more news about chinese spring festival travel rush, you can visit shine news official website.
In the following 40 days, from Jan. 21 to March 1, nearly 3 billion trips are to be made via China's transport system, as people set off to family gatherings or travel around the country. China launched 10 new railways at the end of 2018, expanding its operational length of high-speed railways to 29,000 km. The country's aviation authority plans to schedule 532,000 flights during the travel rush, an increase of 10 percent year on year. MORE CONVENIENT China's public transport system has introduced new technologies to increase efficiency during the travel rush.
In southern China's Guangdong Province, some railway stations pioneered "ticketless travel." Starting on Monday, passengers can simply swipe their phones to board the inter-city high-speed railway connecting the provincial capital of Guangzhou and the technological powerhouse of Shenzhen. Instead of buying tickets online and collecting them at the stations, travelers can pass ticket checks by scanning QR codes using their phones and pay afterward. Huang Xiaozhong, deputy chief of the East Guangzhou Railway Station, said passengers can register the application via Alipay, the payment platform of the Chinese internet giant Alibaba, and they get a QR code, which is valid for three hours.
"The QR payment only takes a few minutes, compared with 20 to 30 minutes for passengers to purchase, pick up the tickets and enter the station in the traditional way," said Wang Lihui, who is in charge of the station's ticket sales office. Wang said the new payment method reduces crowding in front of ticket booths and ticket checking machines. In Shanghai Municipality as well as Jiangsu, Zhejiang and Anhui provinces in eastern China, 464 ticket checking machines in railway and coach terminals allow swift passage with facial recognition technology to verify passengers.
By freemexy, 2020-01-21
Traders digesting the phase one agreement on trade signed Jan. 15 by the United States and China sent most agricultural commodity futures lower Thursday. Many were skeptical of Chinese compliance with the deal and of that country’s ability to sharply raise imports of U.S. products. Corn futures, under pressure from South American competition, notched the biggest declines. March corn plunged 12c to close at $3.75½ per bu. Chicago March wheat declined 8c to close at $5.65¼ a bu. Kansas City March wheat dropped 11¾c to close at $4.84¾ a bu. Minneapolis March wheat shed 6c to close at $5.50¼ a bu. March soybeans fell 4¾c to close at $9.24 a bu. March soybean meal gained 50c to close at $300.60 per ton. March soybean oil declined 0.27c to close at 33.30c a lb.To get more china government business news, you can visit shine news official website.
Fresh highs were recorded for a second straight session in the Dow industrials and S&P 500 as attention moved from U.S.-China trade deal enthusiasm to fourth-quarter corporate earnings. The Dow Jones Industrial Average added 267.42 points to close at 29,297.64. The Standard & Poor’s 500 Index advanced 27.52 points to close at 3,316.81. And the Nasdaq Composite rose 98.44 points, closing at 9,357.13. The U.S. dollar strengthened Thursday. U.S. gold futures prices ebbed Thursday as the dollar grew stronger.
The February future was down $3.50 at $1,550.50 per oz. U.S. crude oil futures advanced Thursday as the U.S.-China deal and U.S. Senate passage of the United States-Mexico-Canada Agreement spurred ideas of a strengthening global economy and an accompanying increase in oil demand. The February future was up 71c at $58.52 per barrel. The suspension of planned tariff increases and cuts to some existing ones found in a phase one U.S.-China trade agreement that paused a two-year trade dispute boosted U.S. equity markets and the Dow industrials index closed above 29,000 for the first time on Wednesday.
That index and the S&P500 each closed at record highs. The Dow Jones Industrial Average added 90.55 points to close at 29,030.22. The Standard & Poor’s 500 Index advanced 6.14 points to close at 3,289.29. And the Nasdaq Composite rose 7.37 points, closing at 9,258.70. Signs of rising global cash prices attracted speculative buyers to wheat futures on Wednesday. Soft red winter futures advanced, while hard red winter and spring futures were mixed in a narrow range. Soybean futures closed lower despite signing of the phase one agreement as investors remained skeptical of sharply higher Chinese purchases of U.S. agricultural commodities in light of strong competition from South American suppliers. Corn followed soybeans lower. Chicago March wheat added 4¾c to close at $5.73¼ a bu.
Kansas City March wheat eased ½c to $4.96½ a bu. Minneapolis March wheat edged up ¼c to close at $5.56¼ a bu; Minneapolis May and July eased ½c, but September 2020 and beyond edged higher. March soybeans slid 13½c to close at $9.28¾ a bu. March soybean meal slipped again, dipping $1.90 to close at $300.10 per ton. March soybean oil declined 0.77c to 33.30c a lb. March corn eased 1½c to close at $3.87½ per bu. Wheat futures closed higher Tuesday. The Chicago March future was at a six-month high on expanded export business and word that Russia may limit wheat exports through June. Corn and soybean futures were steady or drifted lower a day before the expected signing of the long-awaited phase one of the U.S.-China trade deal. March corn eased ½c to close at $3.89 per bu.
Chicago March wheat added 6¼c to close at $5.68½ a bu. Kansas City March wheat advanced 4¼c to close at $4.97 a bu. Minneapolis March wheat edged up ¾c to close at $5.56 a bu. March soybeans were steady at $9.42¼ a bu, though August 2020 and beyond declined. March soybean meal shed $1.80 to close at $302 per ton. March soybean oil edged up 0.01c to 33.64c a lb. Mostly strong results from banking institutions at the onset of fourth-quarter earnings season helped the Dow industrials edge higher Tuesday, while the Nasdaq and S&P 500 dipped, the latter on expectations listed companies will report a fourth-quarter earnings decline of 2.4% from the year earlier. The Dow Jones Industrial Average added 32.62 points to close at 28,939.67. The Standard & Poor’s 500 Index dipped 4.98 points to close at 3,283.15. And the Nasdaq Composite fell 22.60 points, closing at 9,251.33.
By freemexy, 2020-01-21
Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors.To get more latest news about china economy, you can visit shine news official website.
Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. In some cases (advanced economies and China), these developments magnified cyclical and structural slowdowns already under way. Further pressures came from country-specific weakness in large emerging market economies such as Brazil, India, Mexico, and Russia. Worsening macroeconomic stress related to tighter financial conditions (Argentina), geopolitical tensions (Iran), and social unrest (Venezuela, Libya, Yemen) rounded out the difficult picture.
With the economic environment becoming more uncertain, firms turned cautious on long-range spending and global purchases of machinery and equipment decelerated. Household demand for durable goods also weakened, although there was a pick up in the second quarter of 2019. This was particularly evident with automobiles, where regulatory changes, new emission standards, and possibly the shift to ride-shares weighed on sales in several countries. Faced with sluggish demand for durable goods, firms scaled back industrial production.
Global trade—which is intensive in durable final goods and the components used to produce them—slowed to a standstill. Central banks reacted aggressively to the weaker activity. Over the course of the year, several—including the US Federal Reserve, the European Central Bank (ECB), and large emerging market central banks—cut interest rates, while the ECB also restarted asset purchases. These policies averted a deeper slowdown. Lower interest rates and supportive financial conditions reinforced still-resilient purchases of nondurable goods and services, encouraging job creation. Tight labor markets and gradually rising wages, in turn, supported consumer confidence and household spending.
By freemexy, 2020-01-13
With home sales crashing, real estate agent Zhang Yonggang is tightening his belt, part of a plunge in Chinese consumer demand that is a bigger threat to economic growth than Beijing’s tariff war with Washington.To get more Shanghai economy news, you can visit shine news official website.
Zhang, who works in the central city of Taiyuan, said his office sold no apartments last month after Beijing tightened lending controls in July to rein in housing costs and debt. Zhang, 42 and married with a teenage son, said his income has fallen by half from a year ago.“I have no money to buy a home and no plans to change cars,” Zhang said. “It is definitely the toughest time I’ve ever seen.” Communist leaders are counting on consumers to power China’s economy, replacing trade and investment. But shoppers, spooked by the tariff war and possible job losses, are cutting spending on cars, real estate and other big-ticket purchases. Economic growth sank to a three-decade low of 6% over a year earlier in the quarter ending in September.
That is stronger than most major countries but a strain for Chinese companies that need to repay debt. Factory activity shrank more than expected in October, according to an official trade group, the China Federation of Logistics & Purchasing. Analysts said that suggested an uptick a month earlier didn’t mark the start of a recovery.The Chinese slowdown has sent shockwaves through the global economy. Companies from Apple to Tiffany’s have reported weaker sales as Chinese consumers and tourists spend less. China’s demand for iron ore, copper and other commodities has softened, depressing global prices.Communist leaders express confidence China can survive President Donald Trump’s tariff hikes on its exports. On Thursday, the ruling party’s Central Committee affirmed support for private business within an economy dominated by state industry and gave no sign of plans to change economic strategy.
But leaders openly fret over slumping consumer spending and other domestic activity.Premier Li Keqiang, the top economic official, told local leaders last week to fight “downward pressure” on the economy and “make sure targets for this year are achieved.”“Many real economic entities are struggling amid weak domestic demand,” the premier said at a meeting with provincial governors, according to a Cabinet statement. Beijing has tried to stick to plans to nurture self-sustaining, consumer-driven growth instead of resorting to stimulus, which usually means splurging on construction paid for with bank loans. That might re-ignite a surge in debt that forecasters estimate has risen as high as the equivalent of 300% of China’s annual economic output.Trump’s punitive duties on billions of dollars of Chinese goods in a fight over Beijing’s trade surplus and technology ambitions have battered exporters.
But their impact on the rest of the economy has been smaller than some forecasters expected. And trade overall is stronger than expected. Shipments to the United States fell nearly 11% in the first nine months of 2019, but exports to the whole world were off only 0.1%.Retail sales rose 8.2% over a year earlier in the nine months ending in September. But some industries suffered painful contractions: Auto sales fell 11.7%.
The pressures are reflected in Anna Li’s dilemma. The 28-year-old employee of an information technology company in Beijing plans to buy an apartment, but first she wants a new job. She has looked since last year and found nothing because companies have cut hiring. “I used to have a plan to buy an apartment next year, but now it depends on the success of my job hunting,” said Li.The International Monetary Fund is forecasting annual growth of 6.1% this year, down from last year’s 6.6% and just above the official minimum target of 6%. Next year, the IMF expects a further decline to 5.8%. Some analysts question whether China really is achieving even that growth and say the real rate may be closer to 3%. They blame flaws in data collection and political pressure to make results look better.
By freemexy, 2020-01-13
China Finance Online Co. Limited, a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the third quarter and first nine months ended September 30, 2019.To get more latest china business news, you can visit shine news official website.
Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented that "During the third quarter of 2019, our bottom-line loss was significantly reduced. The weak Hong Kong markets and the falling investor confidence in the third quarter of 2019 led to a revenue decline in our brokerage business in Hong Kong. With the improvement of our business model and higher operation efficiency, our gross margin was also strengthened from the same period of last year." "Similar to the transition of brokerage services in the US, Chinese financial institutions are moving away from a trading commission-oriented business model to holistic financial services encompassing wealth management, investor education, and asset allocation advisory. Our dedication to leveraging technologies to empower wealth managers and improve customer loyalty has bought us closer to many financial institutions.
This paradigm shift in the financial industry also set the stage for us to change the revenue model from one-off project services to annual retainers. Our Genius Zhisheng has received such standard annual contracts from brokerage firms. Our institutional business is showing good indications." "After a weak second quarter, the Chinese stock markets continued to soften during the third quarter and the Shanghai Composite Index dropped from 2979 to 2905. However, the traffic to our flagship website, 'JRJ.com.cn,' continued to rise, reaching No. 150 in Alexa's Global Ranking and No. 35 in China, respectively. We remain one of the most trusted financial news hubs with our proprietary content, fact-based journalism, breaking news coverage and analysis on market trends.
Growing traffic attracted not only more readers but also more advertisers. As a result, our advertising business is growing rapidly." "Looking into 2020, we will continue to optimize and upgrade our services and products, and also remain confident to leverage our fintech capabilities to add value to our institutional customers and grow our market share and earning power," Mr. Zhao concluded. Net revenues were $8.1 million, compared with $8.6 million during the third quarter of 2018 and $8.9 million during the second quarter of 2019. During the third quarter of 2019, revenues from financial services, the financial information and advisory business, and advertising services contributed 44.5%, 29.7% and 25.4% of the net revenues, respectively, compared with 54.7%, 27.3% and 16.8%, respectively, for the corresponding period in 2018. Revenues from financial services were $3.6 million, a decrease of 23.9%, compared with $4.7 million during the third quarter of 2018 and $4.2 million during the second quarter of 2019. The year-over-year and quarter-over-quarter decreases of revenues from financial services were mainly due to a decline in the equity brokerage business. Revenues from the financial information and advisory business were $2.4 million, compared with $2.4 million during the third quarter of 2018 and $2.9 million in the second quarter of 2019.
The quarter-over-quarter decrease of revenues from the financial information and advisory business was mainly attributable to the weakness in subscription services from individual customers, which was negatively affected by the continued soft stock market during the third quarter. Revenues from advertising services were $2.0 million, an increase of 41.4%, compared with $1.4 million in the third quarter of 2018 and $1.9 million in the second quarter of 2019. The increased traffic to our site and readers' recognition of our premium content also helped to strengthen our advertising revenues on a year-over-year basis. Gross profit was $5.0 million, compared with $5.0 million in the third quarter of 2018 and $5.6 million in the second quarter of 2019. Gross margin in the third quarter of 2019 was 62.3%, compared with 58.2% in the third quarter of 2018 and 63.1% in the second quarter of 2019, respectively.
The year-over-year increase in gross margin was mainly due to the revenue mix with higher advertising revenues. General and administrative expenses were $2.3 million, a decrease of 25.2% from $3.1 million in the third quarter of 2018, and a decrease of 8.8% from $2.5 million in the second quarter of 2019, respectively. The year-over-year decrease was mainly due to effective cost control measures and the ongoing streamlining of the operations. The quarter-over-quarter decrease was mainly due to the adjustment of the agency fee related to the Hong Kong sector. Sales and marketing expenses were $2.8 million, a decrease of 41.2% from $4.8 million in the third quarter of 2018 and a decrease of 26.6% from $3.8 million in the second quarter of 2019, respectively. The year-over-year decrease was mainly attributable to the further streamlining of sales and marketing as well as improved operational efficiency. The quarter-over-quarter decrease was mainly due to the terminated commodity trading business.
By freemexy, 2020-01-03
A VPN service (Virtual Private Network) has become an essential tool to keep your online activity and information safe and private. Be it to stay secure when using a public Wi-Fi network, to unblock social media and streaming sites, or to block online tracking, there are numerous reasons why you should use a VPN. There are hundreds of VPN services available, and it isn’t always easy to pick the right one.Buy VPN
If price is of particular concern, VPNs don’t come much cheaper than Ivacy. It’s getting even cheaper over the Black Friday shopping season! BF might not officially kick off until the 29th, but this deal is live now — offering up to 90% off on service. For an upfront cost of $60 you get five years of service. That comes to just $.99 a month!
The Ivacy app comes with different modes for you to choose from, depending on what you are looking to do. You get all the key features you’d expect, as well as a few extras like split tunneling. Ivacy’s server count isn’t as robust as the others on the list, but it has a good list of locations around the world, including India. The speeds are good enough to allow for media streaming and torrenting without any issues. Their recent partnerships even allow Netflix unblocking in seven regions encompassing the US, UK, Australia, China, Hong Kong, Taiwan, Europe, Germany, and France.
ExpressVPN is considered one of the best VPN services around with good reason. It offers everything you would expect from a great VPN, like a zero logging policy, impressive connection speeds, a large number of servers across the world, and necessary security features like the Network Lock, DNS leak protection, and more. The apps are easy to use but don’t compromise on settings and features.
ExpressVPN also doesn’t skimp on what the VPN is capable of. Everything from P2P file sharing to media streaming, including Netflix, is possible using ExpressVPN. Easy to install apps are available for all major platforms, and helpful guides can be found to set up ExpressVPN on routers, gaming consoles, media streaming devices, and more.
ExpressVPN can be more expensive than other providers, but it is certainly one of the best VPN services around and worth the cost.
NordVPN is all about providing the best security features possible. Your online activity stays completely private with its zero logging policy, IP and DNS leak protection, and the best encryption protocols. Beyond that, you can take advantage of specialty servers for P2P and Anti-DDoS. For even more security, you have the option to enable Double VPN that runs everything through two servers.VPN download
While a network kill switch is standard, the service also comes with an App Kill Switch which lets you set certain apps to automatically close if the VPN connection drops. The apps also recognize if you are in a restricted location and load obfuscated servers. Finally, you can request a dedicated IP service, which will set you back an additional $70 a year.
Despite the heavy security features, NordVPN manages to offer excellent speeds and low latency. NordVPN features specialty servers for torrenting and Netflix works via select servers as well. NordVPN is also one of the few premium VPN services to offer a free 7-day trial along with a 30-day money back guarantee. NordVPN is also quite affordable considering all that it has to offer.
When comes to the issue of online privacy and security, we suggest to use a VPN, and our recommendation is RitaVPN.Qwer432
By freemexy, 2020-01-03
It's also worth pointing out that if a VPN server was ever compromised, any and all communication between you and the VPN server can be sniffed and potentially decoded. So if you ask the question "is using a VPN [server] secure"? I would say, "only if the server itself is secure," which is likely impossible to prove. Servers are managed by human beings, and human beings are prone to error, so it stands that there is a possibility that the server may not be secure. Also, servers, just like PCs are prone to exploits, and if not patched in a reasonable period of time, can be compromised.unblock websites
Lastly (and perhaps most importantly), if you try and connect to your bank using a VPN server located in China, I am guessing that your bank is going to throw up some major red flags (no pun intended), and possibly prevent you from logging in. The way the banks sees it, someone (a computer, or server) from China is trying to access your local bank account. Is that a good thing? Probably not.
Now, if you repeatedly use random VPN servers to anonymize your traffic (which happens to be another feature offered by VPN services), AND you try and connect to your bank on a regular basis, then I'm guessing the bank is going to throw up some more red flags. The way the bank sees it: a computer, or server located somewhere in the world keeps trying to access your bank account - and it keeps happening from different places around the world. Is that a good thing? Definitely not - at least, not the way the bank sees it, because cybercriminals often use VPNs to anonymize their web traffic as well. It would be a safer bet if you just stick to using your local IP address when accessing your local bank.
As for saferweb's statements regarding VPNs, let's take a look at those now that we have a little bit more knowledge about how VPNs work:
They say: Safer Web gives you an extra layer of security against Internet hackers. I say: using our examples above, that is only true if the entire connection is secure and the VPN server is also secure. Also, a hacker can 'hack you from the inside' if your system in infected with malware, so a VPN will not prevent you from being "hacked".
They say: By hiding your IP, we keep your online activity anonymous and private. I say: yes and no. If you are worried about being spied upon locally by governments, or are otherwise paranoid, then using a VPN is probably a good idea. That said, you should also ensure that your antivirus, antimalware, operating system, and web browser are all up to date and infection free in addition to using a VPN, otherwise you can still be spied on because your information will still propagate outward somewhere onto the Internet whether you use a VPN or not.
They say: Using a VPN keeps your browsing activity private and secure. I say: yes and no. This is really only true if the connection is 100% secure. Even so, if someone was to compromise a website you were previously connected to, they could still access information about you. A VPN won't protect against that type of an attack.When comes to the issue of online privacy and security, we suggest to use a VPN, and our recommendation is RitaVPN.Qwer432