Donald Trump: No State Dinner—Only Big Mac—for China’s President
on August 25, 2015
If elected, Trump vowed to eschew the lavish dinner Xi Jinping will get in Washington from President Obama.
If elected, Trump vowed to eschew the lavish dinner Xi Jinping will get in Washington from President Obama.
The cut followed a global stock market rout in which China led with a 7.6 pct plunge Tuesday to its lowest level this year.
Dow Jones rises more than 300 points in first 2 minutes after opening following 3 days of market losses that erased close to $3 trillion globally.
The joint venture would produce local-language films for Asian audience.
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in losses on China’s leading bourse since its June peak.
It’s a widespread misconception that just because China is Africa’s top trading partner, it’s also the continent’s largest foreign investor. In fact, China ranks seventh overall in FDI, far behind the United States, long Africa’s largest source of foreign investment.
When China actually does take a tumble, Americans feel it in their pocketbooks and portfolios.
Concerns about inflation, shares and interest rates raised after ‘Black Monday’ wiped billions off global markets.
CEO Tim Cook emailed “Mad Money” host Jim Cramer to say the App Store in China had its best performance of the year in the last two weeks.