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US-China trade war weakening demand for oil

Saturday, August 10, 2019, 8:52 PM

The trade war between the US and China and a broader decline in world economic growth are weakening the demand for oil and pushing prices down, the International Energy Agency said on Friday. The Paris-based agency cut its forecast for oil demand growth this year and next as trade tensions weigh on activity in the energy-hungry manufacturing sectors around the world.
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China says to push forward opening up of financial, manufacturing sectors

Tuesday, July 2, 2019, 7:03 PM

China will ease ownership limits for foreign-investors in its financial sector in 2020, a year earlier than scheduled, and push forward opening-up of its manufacturing sector including the auto-industry, Premier Li Keqiang said on July-2. The Chinese government will further ease ownership limits in more sectors while reducing its negative-investment-list for foreigners, Li said at the World Economic-Forum in the northeastern Chinese-port-city of Dalian.
 
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US, China "Miles And Miles" Away From Resolving Trade War: Official

Friday, January 25, 2019, 7:20 AM

Washington and Beijing are "miles and miles" from resolving their trade war, US Commerce Secretary Wilbur Ross said. A high-level Chinese delegation is due in Washington next-week as both sides work to reach a resolution ahead before March-1, when US duty rates on Chinese imports are due to rise sharply. Trump and Xi Jinping had agreed to a 90-day ceasefire amid rising trade tensions.

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