Helen-Ann Smith
Asia Correspondent at Sky News
Asia Correspondent @SkyNews 📍Beijing. Formerly Business Correspondent. More formerly Sky Ocean Rescue campaign, doco and specialist producer.
Articles
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1 week ago |
news.sky.com | Helen-Ann Smith
China’s economy actually performed better than expected in the first quarter of the year, but it reflects a moment in time before the explosive trade war with America and before the world’s two biggest economies effectively decoupled. Economists had predicted it would grow around 5.1% in January-March compared to a year earlier. In the end, it grew 5.4%.
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1 week ago |
msn.com | Helen-Ann Smith |In Beijing
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1 week ago |
blackcountryradio.co.uk | Helen-Ann Smith |In Beijing
Economists had predicted that gross domestic product would grow by about 5.1% in January to March, compared with a year earlier. In the end, it grew 5.4%. But these impressive figures obscure the very serious challenges China's economy is facing in the wake of Donald Tump's trade war - and it is almost certain growth will not remain this strong as the year goes on. The worst of Trump's tariffs came into force in April, meaning they were not reflected in these figures.
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1 week ago |
news.sky.com | Helen-Ann Smith
China's most recent retaliation raises the stakes, but it does so within what are now relatively predictable parameters. The latest tariff hike follows the pattern we have seen throughout the week, when Chinese retaliation has exactly matched what Donald Trump has done. There is, however, one key difference to the announcement this time. China has said that anything further is just a "numbers game" and they will simply ignore any subsequent raises from Trump.
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2 weeks ago |
news.sky.com | Helen-Ann Smith
Another day, another escalation. China awoke to the news tariffs on its exports to America are now at a whopping 125%, and the ball is now back in its court. Will it retaliate further? China responding has, up until now, been expected. Leaders here have clearly decided to take a stand and they're likely to keep seeing that through. But there are big questions about what escalation now looks like, how far could things spiral and what, if any, are the off-ramps?
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BREAKING: China announces it will raise import tariffs on all US goods to 84% . That will sit in addition to some sector specific tariffs already in place
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