The signing of business deals between Indonesian and Chinese businessmen during the BRF Summit held in China in April (Source: Antara) Jakarta (VNA) - Chinese businesses have signed contracts of imports worth 35.1 trillion Rp (2.5 billion USD) with their Indonesian counterparts. The deals were inked during the Indonesia-China Business Forum and China Coal Import Summit, Indonesian Ambassador to China Djauhari Oratmangun said in Beijing on November 19, Antara News reported. Coal imports dominated the contracts inked on the sidelines of the second China International Import Expo (CIIE) in Shanghai. Furthermore, the contracts encompassed the imports of other products, including electronics, agriculture, food, beverages, plastic pellets, and mining products, the ambassador noted at the Indonesian Pavilion of the CIIE officially opened on November 5, 2019. Swallow nest products, recycled plastic pellets, oleochemical, coal, and food products are among Indonesian products liked most … [Read more...] about China inks import contracts worth 2.5 billion USD with Indonesia
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SE Asia Stocks-Vietnam leads declines as most markets slide on trade tensions
Most Southeast Asian markets slipped on Wednesday on fears that strained Sino-U.S. relations could derail trade negotiations after U.S President Donald Trump threatened fresh tariffs and the U.S. Senate passed a bill backing Hong Kong protesters. President Trump on Tuesday said that tariffs on Chinese imports would be increased if the two nations fail to reach a trade deal. People familiar with the talks say that Trump has decided that any tariff rollbacks from the United States would require deeper concessions from China. The U.S. Senate, meanwhile, has passed a bill aimed at protecting human rights of pro-democracy protesters in Hong Kong, drawing a rebuke from Beijing, which asked the United States to stop interfering in China's internal affairs. "Such a move threatens to drive a wedge into ongoing U.S.-China negotiations while potentially raising the barrier to a trade deal," FXTM market analyst Han Tan said in a note, referring to the bill. Leading declines, Vietnamese shares … [Read more...] about SE Asia Stocks-Vietnam leads declines as most markets slide on trade tensions
