The Malaysian Pulse
Beat of the Nation
Wed, 16 Oct 2019, 5:15 PM
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Topic: Beijing

The Star:
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Moving factories out of China very slow process, IIF says
BEIJING: Southeast Asian countries looking to capitalise on factories moving out of China due to the trade war could be disappointed: Any relocation is happening very...
The Star:
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Embattled Hong Kong leader unveils measures to ease housing crunch
HONG KONG: Hong Kong leader Carrie Lam announced measures aimed at easing a housing shortage on Wednesday as she battles to restore confidence in her...
Malay Mail:
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Sterling's Brexit rally pauses, yuan falls on Hong Kong worries
TOKYO, Oct 16 ― The pound pulled back from its highest level in almost five months versus the dollar today, erasing some of the rally sparked by signs Britain is closing in on a deal to leave the Eu...
The Star:
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China unexpectedly injects US$28b cash as growth slows
BEIJING: China caught traders off-guard with a surprise injection into the financial system via loans to banks, ahead of data on Friday which is expected to show a...
EdgeProp.my:
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Metronic board meets to consider Lee Kim Yew's call for special audit today
KUALA LUMPUR (Oct 16): Metronic Global Bhd’s board of directors will meet today to consider a request by its largest shareholder, Tan Sri Lee Kim Yew, for the appointment of an independent team of a...
Malay Mail:
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China says it already bought 700,000 tonnes of US pork, data shows smaller sales
BEIJING, Oct 16 ― Chinese firms have already purchased 700,000 tonnes of pork and 700,000 tonnes of sorghum from the United States this year to meet market demand, a foreign ministry spokesman said ...
Malay Mail:
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IMF trims 2019 China growth forecast as US tariffs bite
BEIJING, Oct 15 — The IMF trimmed its 2019 growth forecast for China today as the US trade war and weak demand at home take a toll on the world’s second-largest economy.
Tech in Asia:
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Bytedance ramps up hiring for video games biz in challenge to Tencent
This article is co-written by Celia Chen.
The Star:
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How military technology helped spark a robot revolution in China’s firework factories
The ancient and deadly industry is learning how to automate production, taking human hands out of the dangerous task of moulding explosives.
Malay Mail:
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China sees ‘no difference’ with US on trade deal
BEIJING, Oct 15 — China said today there was “no difference” with the United States on reaching a trade agreement, amid scepticism over what US President Donald Trump has called a “substantial...
Star TV:
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Hong Kong leader slams US senator for 'police state' remark
Hong Kong's leader on Tuesday hit back at a US senator who said the city is becoming a police state, a day after a massive rally called on Washington to punish Beijing over sliding freedoms in the int...
The Edge Markets:
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KLCI closes lower as sentiment hit by poor progress in US-China trade talks
KUALA LUMPUR (Oct 15): The FBM KLCI finished in negative territory today due to lack of any significant progress in the ongoing US-China trade talks, as well as profit taking by investors.
Malay Mail:
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China Sept new bank loans rise to 1.69t yuan, above forecast
BEIJING, Oct 15 — China’s banks extended more new yuan loans than expected in September as policymakers ramp up efforts to stabilise the cooling economy as US trade pressures build.
Tech in Asia:
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Megvii says US ban to hit server supply, disturb IPO, but it’s ready to fight
This article is co-written by Coco Feng.
Malay Mail:
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China wants centralised digital currency after bitcoin crackdown
BEIJING, Oct 15 — As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency — one that could allow the government and the central bank to see what peo...
Malay Mail:
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Asian markets edge up but caution keeps traders in check
HONG KONG, Oct 15 — Asian markets mostly rose but investor caution returned as the optimism fanned by Donald Trump’s much-vaunted China trade deal wore off, while the pound was boosted by a report...
Malay Mail:
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China inflation surges as pork prices soar
BEIJING, Oct 15 — China’s consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 per cent, official data show...
The Star:
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China fertiliser maker on brink of bankruptcy rallies 45%
BEIJING: An insolvency case in a remote city on the Tibetan Plateau shows how in China, most outcomes are better than getting booted out of the stock market.
The Star:
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China factory deflation worsens as pork drives consumer prices
BEIJING: China’s factory deflation deepened in September due to slowing economic growth and the comparison with faster rises a year ago, even as the surge in pork prices...
Malay Mail:
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Trump claims a victory in China trade war, but US farmers want details
NEW YORK, Oct 15 — Saying China has promised to buy up to US$50 billion (RM209.2 billion) in US agricultural products, President Donald Trump is encouraging American farmers to prepare for a major i...
The Star:
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China auto market slumps despite efforts to boost market
BEIJING: Chinese auto sales fell in September for the 15th month in 16, extending their unprecedented slump despite government efforts to support the world’s largest car...
The Star:
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China’s US$50bil deal with US might not happen
BEIJING: China is still a long way from forking out US$50bil for farm goods from the United States, agriculture industry analysts say, cautioning that getting...
Malay Mail:
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Are US-Chinese tariffs on almost everything the ‘new normal’?
WASHINGTON, Oct 14 — US President Donald Trump called his Phase 1 trade deal with China “by far, the greatest and biggest deal ever made,” even though nothing was agreed on paper, and most of th...
The Star:
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Will China’s revised cybersecurity law put foreign firms at risk of losing their secrets?
Companies are concerned they may have switch to Chinese service providers and equipment to meet Beijing’s demands on the protection of sensitive data.
Malay Mail:
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Ringgit ends lower against stronger greenback
KUALA LUMPUR, Oct 14 — The ringgit ended lower today on the back of stronger greenback following positive reaction in the US-China trade tension talks.
Malay Mail:
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Asian markets rally after China, US reach partial trade deal
HONG KONG, Oct 14 — Asian investors today cheered a partial trade deal between China and the United States, sending regional markets rallying, though observers were sceptical about the overall signi...
The Star:
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Apple has a lot to lose if it crosses China's party bosses
Under pressure from China, Apple has removed a smartphone app that enabled Hong Kong protesters to track police.
The Star:
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'TikTok' denies censorship of users’ content amid call for US review of app over security concerns
'TikTok', which has a version for mainland China called 'Douyin', said it adheres to US laws, and that all its US data are stored in the country.
Malay Mail:
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Trump’s hailing of US$50b in Chinese farm purchases seen as ‘meaningless’
BEIJING, Oct 14 — China is still a long way from forking out US$50 billion (RM209 billion) for farm goods from the United States, agriculture industry analysts said today, cautioning that getting th...
The Star:
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China Sept exports, imports in deeper contraction as tariffs bite
BEIJING: China's exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and...
Malay Mail:
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China Sept exports, imports in deeper contraction as tariffs bite
BEIJING, Oct 14 — China’s exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for m...
Malay Mail:
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Dollar holds near 2-1/2-mth yen high on US-China partial deal, pound stands tall
SYDNEY, Oct 14 — The dollar held near a 2 1/2-month high against the yen today after Washington and Beijing announced progress towards a trade deal, while sterling hovered near a three-month peak on...
The Edge Markets:
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Stocks in Asia to Advance After Trade Progress
(Oct 14): Asian stocks looked set to start the week with gains after signs of progress in U.S.-China trade negotiations lifted U.S. equities Friday and sent Treasury yields higher, though sentiment ma...
The Star:
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Is the world economy sliding into first recession since 2009?
SINGAPORE: The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.
Free Malaysia Today:
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More HK property investors turning to Malaysia, Singapore amid unrest
KUALA LUMPUR: From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralised by increasingly violent protests as well a...
Malay Mail:
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Property investors turn to Malaysia, SE Asia amid Hong Kong unrest
KUALA LUMPUR, Oct 13 — From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into South-east Asian property, demoralised by increasingly violent protes...
The Star:
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Our ties have attained stability, Modi tells Xi
MAMALLAPURAM: Indian Prime Minister Narendra Modi told visiting Chinese President Xi Jinping that their relations have attained stability and fresh momentum in...
Malay Mail:
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Partial US-China trade deal only ‘baby step’ as thorny issues remain
BEIJING, Oct 13 — A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers t...
Malay Mail:
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Embattled Trump takes victory lap on China trade deal
WASHINGTON, Oct 12 — Engulfed in an impeachment inquiry and other political turmoil, US President Donald Trump yesterday trumpeted the success of his hard-line stance with China, claiming to have sc...
Malay Mail:
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US-China partial trade deal: The main points
WASHINGTON, Oct 12 — US President Donald Trump yesterday announced a partial trade deal with China after talks in Washington with Vice Premier Liu He. Here are the main points of the agreement, whic...
Malay Mail:
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Trump says ‘warmer feelings’ in US-China trade talks
WASHINGTON, Oct 11 — President Donald Trump today said Chinese and American officials were working toward meaningful progress in trade talks, boosting hopes for a detente in the two sides’ damagin...
Malay Mail:
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China sets timetable to end finance ownership caps
BEIJING, Oct 11 — China’s securities regulator has set a timetable to remove foreign ownership limits in finance companies next year, as Beijing seeks to attract overseas investment to boost a slo...
Malay Mail:
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With US tariffs looming, China drums up hope for a partial trade deal
BEIJING, Oct 11 — A Chinese state newspaper said today that a “partial” trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijin...
The Star:
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China’s hidden capital flight surges to record high in 2019
BEIJING: China’s hidden capital flight surged to a record high in the first half of this year, suggesting that residents wanting to move money abroad are using unrecorded transactions to evade tight...
Malay Mail:
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US-China currency deal won't change US dollar-yuan dynamics, say experts
WASHINGTON, Oct 11 — A US-China currency agreement being floated as a symbol of progress in this week's trade talks between the world's two largest economies would largely repeat past pledges by Chi...
Malay Mail:
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Google removes Hong Kong protester role-playing app
SAN FRANCISCO, Oct 11 ― Google yesterday removed from its online marketplace a mobile game that let people play as a Hong Kong protester, saying it violated a policy against cashing in on conflicts.
Malay Mail:
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Day 1 of US-China trade talks end with hopes for limited deal
WASHINGTON, Oct 11 — Top US and Chinese negotiators wrapped up a first day of trade talks in more than two months yesterday as business groups expressed optimism the two sides might be able to ease ...
The Star:
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More MAS flights to Beijing
KUALA LUMPUR: Malaysia Airlines Bhd (MAB) will be increasing its flight frequencies between Kuala Lumpur and Beijing from seven to 10 flights a week, beginning Jan...
The Star:
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Vietnam skilled labour squeezed by Sino-US trade war
HO CHI MINH CITY/HANOI: A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for...
The Straits Times:
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World Briefs: Malaysian politicians arrested for terror links
KUALA LUMPUR • Two Democratic Action Party politicians were among seven people arrested by the Malaysian police yesterday for suspected links to the defunct Sri Lankan Liberation Tigers of Tamil Eel...
Malay Mail:
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Trump to meet China envoy, lifting hopes for trade talks
WASHINGTON, Oct 10 ― President Donald Trump announced today he will meet with China's top trade envoy as the two sides pursue fraught negotiations that this week appeared headed for a dead end.
Malay Mail:
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Top-level US-China trade talks resume as irritants sour atmosphere
WASHINGTON, Oct 10 ― The United States' and China's top trade negotiators were set to meet today for the first time since late July to try to find a way out of a 15-month trade war as new irritants ...
Malay Mail:
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Emerging market assets tread cautiously ahead of US-China trade talks
WASHINGTON, Oct 10 ― A soft dollar supported China's yuan and a swathe of emerging market currencies today after reports that Washington and Beijing may agree a partial trade deal, but investors wer...
Malay Mail:
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NYT: US to issue licences for supply of non-sensitive goods to Huawei
NEW YORK, Oct 10 ― The United States will soon issue licences allowing some US companies to supply non-sensitive goods to China's Huawei, the New York Times reported, as high-level officials from th...
Malay Mail:
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London shares lower as trade rollercoaster rumbles on
LONDON, Oct 10 ― London's FTSE 100 handed back gains today as trade sentiment turned sour after yet another twist in the US-China trade war saga ahead of official talks, while packaging firm Mondi s...
Malay Mail:
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Dollar heads towards one-week lows as US-China trade talks get underway
LONDON, Oct 10 ― The dollar weakened broadly against its rivals today as the progress of trade negotiations between the United States and China kept markets on edge with the prospects of a partial d...
The Star:
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China stocks hit 2-week high on U.S. trade deal hopes
HONG KONG: China's stocks climbed to a two-week high on Thursday as investors hoped for a partial trade deal between Washington and Beijing, but a report stating...
The Star:
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MSCI embraces China's newly launched STAR tech stocks
SHANGHAI: MSCI plans to include stocks listed on China's newly-launched, Nasdaq-style STAR market in its indexes from next month, as international investors seek...
The Star:
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Goldman reviews role in Megvii IPO
NEW YORK: Goldman Sachs Group Inc said it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the US government...
The Edge Markets:
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KLCI stays tepid in line with region as downward bias remains intact
KUALA LUMPUR (Oct 10): The FBM KLCI turned tepid at the midday break today, tracking its regional peers as downward bias remained intact.
Malay Mail:
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Amid acrimony and low expectations, US-China trade talks to resume
WASHINGTON, Oct 10 — As they prepared to return to the negotiating table today, top Chinese trade officials faced a blitz of aggressive US maneuvers, with expectations for a grand bargain between bo...
Malay Mail:
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Asia markets rise as dealers nervously await start of trade talks
HONG KONG, Oct 10 — Asian markets rose today but investors moved cautiously as they sifted through conflicting reports about the outlook for upcoming China-US trade talks.
The Edge Markets:
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Malaysia Airlines to increase KL-Beijing flight frequency
KUALA LUMPUR (Oct 10): Starting Jan 1, 2020, Malaysia Airlines Bhd will be increasing its flight frequency from Kuala Lumpur to Beijing to 10 times a week, from seven currently, due to relocation of o...
The Star:
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Malaysia Airlines adds more flights to Beijing
KUALA LUMPUR:  Malaysia Airlines Bhd (MAB) will be increasing its flight frequencies between Kuala Lumpur and Beijing from seven to 10 flights a week, beginning...
The Edge Markets:
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KLCI reverses loss as Tenaga and select blue chips lift
KUALA LUMPUR (Oct 10): The FBM KLCI reversed its loss at mid-morning as gains in Tenaga Nasional Bhd and select index-linked blue chips lifted it, but gains were seen capped ahead of the tabling of Bu...
Malay Mail:
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Tariffs on China are working, says US secretary of commerce
SYDNEY, Oct 10 — Tariffs are forcing China to pay attention to US concerns, according to a copy of a speech to be given by US Secretary of Commerce Wilbur Ross today.
Malay Mail:
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US weighing China currency pact as part of partial trade deal, reports Bloomberg
NEW YORK, Oct 10 — The United States is weighing a currency pact with China as part of a partial deal that could see a planned tariff hike next week being suspended, Bloomberg reported yesterday, ci...
The Star:
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‘China-Pakistan ties going strong’
BEIJING: Premier Li Keqiang reaffirmed China’s staunch support for Pakistan in its efforts to safeguard national independence, sovereignty, territorial integrity and...
Malay Mail:
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Tokyo stocks drop after US-China trade hopes recede
TOKYO, Oct 10 — Tokyo stocks dropped in early trade today after opening higher, as hopes for a US-China trade deal receded ahead of talks in Washington.
Malay Mail:
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Stocks slide, safe assets gain on anxiety over trade talks
TOKYO, Oct 10 — Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade today, on signs Washington and Beijing were still wide apart on trade issues and were making ...
Malay Mail:
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US stock futures tumble on report of no progress in Sino-US talks
TOKYO, Oct 10 — US stock futures tumbled and the safe haven yen and the Swiss franc gained in early Asian trade today after a media report that the United States and China had made no progress in de...
Malay Mail:
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China made no progress in deputy-level trade talks, says report
WASHINGTON, Oct 10 — The United States and China made no progress in deputy-level trade talks held during Monday and Tuesday in Washington, the South China Morning Post (SCMP) reported, citing unnam...
Malay Mail:
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Tech stocks lift Wall Street as reports brighten hopes of trade deal
NEW YORK, Oct 10 — Wall Street rose for the first time in three sessions yesterday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor ...
The Star:
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China lowers expectations for US trade talks, Trump optimistic
BEIJING/WASHINGTON: Surprised and upset by the U.S. blacklisting of Chinese companies, China has lowered expectations for significant progress from this week's...
The Star:
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Global stocks rise on trade truce bets
NEW YORK: Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect...
The Edge Markets:
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Asian Stocks Set to Rise on Trade-Talk Optimism
(Oct 10): Stocks in Asia were primed for gains on optimism that the U.S. and China will make progress in trade talks this week despite some conflicting signals on the outlook.
The Edge Markets:
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After spurned play for LSE, Hong Kong bourse to seek deeper China embrace
HONG KONG (Oct 9): Hong Kong stock exchange boss Charles Li ignited his unrequited overture to the London Stock Exchange with a riff on Romeo and Juliet as a corporate romance, and doused it in a wist...
Malay Mail:
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US stocks gain on better sentiment over trade talks
NEW YORK, Oct 9 — Wall Street stocks jumped early today following reports that a limited US-China trade deal is possible ahead of this week’s negotiations.
Malay Mail:
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China’s Hikvision sees only limited impact from US blacklisting
SHANGHAI, Oct 9 — Chinese video surveillance company Hikvision will only suffer a limited, short-term hit after being blacklisted by the US government and will strive to get the ban lifted, its gene...
Malaysiakini:
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Hundreds of black-clad activists chant 'Liberate Hong Kong' outside court
Hundreds of black-clad pro-democracy demonstrators outside Hong Kong’s High Court today chanted “Liberate Hong Kong, revolution of our times”, as a leading activist appeared to appeal a six-year...
Star TV:
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China slams NBA in dispute over free speech
Chinese state media slammed the NBA on Wednesday, saying it is peddling in a "secessionist pipe dream" escalating an ongoing dispute between Beijing and the U.S. league.
Malaysiakini:
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China plans visa restrictions for US visitors with 'anti-China' links
China is planning tighter visa restrictions for US nationals with ties to anti-China groups, people with knowledge of the proposed curbs said, following similar US restrictions on Chinese nationals, a...
The Star:
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Gamers call for boycott of Blizzard after Hong Kong protest ban
Activision Blizzard Inc is facing a fierce backlash and calls for a boycott after a unit of the American game company punished a player for supporting Hong Kong’s protest...
The Star:
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Gold holds firm as souring trade spat hurts risk appetite
BENGALURU: Gold prices on Wednesday held onto the previous session's gains, as sagging hopes for progress in U.S.-China trade negotiations sapped risk appetite, with...
Malay Mail:
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Goldman evaluating role in China's Megvii IPO after US blacklist
NEW YORK, Oct 9 — Goldman Sachs Group Inc said yesterday it was reviewing its involvement in Megvii Technology Ltd's planned initial public offering after the US government placed the Chinese artifi...
Malaysiakini:
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US visa move against China casts a pall over talks to end trade war
The United States on Tuesday imposed visa restrictions on Chinese officials for the detention or abuse of Muslim minorities, angering Beijing, but a US official said high-level trade talks would still...
The Star:
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Asian stocks fall by the most in a week as US-China standoff escalates
TOKYO: Asian stocks fell the most in a week on Wednesday as the United States and China's ever-expanding dispute over trade and foreign policy showed...
Malay Mail:
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Asian stocks fall by the most in a week as US-China standoff escalates
TOKYO, Oct 9 — Asian stocks fell the most in a week today as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on gl...
EdgeProp.my:
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China's 'golden week': Property sales plunge in major cities, says report
KUALA LUMPUR (Oct 8): There has been nothing glittering in China's property market as sales in major cities of the Middle Kingdom experienced "one of their worst 'golden week' holidays in years", repo...
Malay Mail:
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US visa move against China casts pall over talks to end trade war
WASHINGTON, Oct 9 — The United States said yesterday it had imposed visa restrictions on Chinese officials for the detention or abuse of Muslim minorities, heightening tensions with Beijing and cast...
The Star:
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Global markets fall as trade tensions rise further; Brexit battle hurts pound
NEW YORK: Stocks fell on Tuesday as U.S.-China tensions rose further ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations...
Malay Mail:
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Protect global trade against Trump ‘policy delusions’, says economist
GENEVA, Oct 8 — A prominent US economist called today on countries to save the multilateral global trading system which he said was facing deliberate attack by Washington as part of US President Don...
The Star:
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Tiffany removes advert over Hong Kong controversy
Tiffany & Co have removed a tweet showing a woman covering one eye after Chinese consumers accused the jeweller of supporting the Hong Kong protesters.
The Star:
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Blizzard bans gamer, rescinds money, on Hong Kong protest support
A unit of Activision Blizzard Inc has punished a player for expressing support for Hong Kong’s protest movement, the latest example of a US company attempting to rein in...
Malaysiakini:
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China TV drops NBA exhibition games, escalating pressure amid tweet uproar
Chinese state television said today it would not air National Basketball Association (NBA) exhibition games played in the country this week, heaping pressure on the US basketball league after a tweet ...
Malay Mail:
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Dollar weakens as hopes for US-China trade deal fade
LONDON, Oct 8 — The dollar fell today, with the New Zealand dollar leading gains against the US currency, as a rally in Asian equities spilled over into currency markets.
Malay Mail:
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US expands blacklist to include China’s top AI startups ahead of trade talks
WASHINGTON, Oct 8 — The US government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratc...
The Star:
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China signals will hit back over US tech blacklist
BEIJING: China signaled it would hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations...
Malay Mail:
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China joins Asian shares in cautious advance ahead of trade talks
TOKYO, Oct 8 ― Asian shares inched up today, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over US-China trade talks after President Donald Tr...
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No impact on Malaysia-India trade and investment from #BoycottMalaysia movement
KUALA LUMPUR (Oct 8): The Malaysia-India trade and investment relationship has not been impacted by the recent #BoycottMalaysia movement on Indian social media.
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