Authored by Jeff Thomas via InternationalMan.com,
Recently, US Secretary of the Treasury Steve Mnuchin stated, "If China doesn't follow these sanctions [against North Korea], we will put additional sanctions on them and prevent them from accessing the US and international dollar system."
In a considerably more aggressive, and less diplomatic, 'story' in China's government mouthpiece Xinhua, writers warn:
"It is not hard to tell that the situation has become a vicious circle where more missile tests trigger more sanctions, while more sanctions trigger more tests..." urging the double-freeze solution once again, saying that "the parties concerned need to respect each other's security concerns."
Confirming reports that reception for Apple's newly launched iPhone 8 may be "underwhelming" to put it lightly, as the phone provides little if any material improvement over its lower-priced predecessor even as sales for hardcore fans will be cannibalized by the iPhone X, is the following report from Hangzhou, China which shows that all of 2 people were waiting in line for the latest gizmo from Tim Cook.
As Chinese media reports, summarized by David Kersten, "note the barricades for the anticipated queue...
... that had to be put away because only 2 people showed up."
S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).
As we warned over the weekend, when we first learned of Beijing's new sex doll rental business, China's sharing economy may have just jumped the shark.
Now, just 4 days later, after its business model elicited a flood of complaints and criticism, Chinese company Ta Qu – or “Touch” in English – has announced that it will close its week-old sex-doll rental business, inspiring budget-focused silicon slammers in the world’s second-largest economy to issue a collective groan.