Currency wars are wars that gold wins in the end
NAI500 China News Weekly
Issue 122
China Market Highlight
Trump ratchets up US-China trade war with new tariffs

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing...
Market Review
Currency wars are wars that gold wins in the end
July nonfarm payrolls came in line with expectations, confirming the strength of the U.S. labor market. So far so good. With the markets more focused now on the escalation of the trade war triggered by Trump’s tweet on Thursday, the stock market plunged while gold rallied. Can the upcoming news take gold higher still?
Ping An Good Doctor will transplant its business model in China to Indonesia, Wang Tao, chief executive of the online medical care firm, said in an interview with the 21st Century Business Herald yesterday.

China’s Kexin Rallies on USD3.9 Million 5G Deal to Buy Finland’s Fi-Systems
The share price of Kexin Communication Technologies has jumped after the Chinese company announced that it will acquire Finland’s Fi-Systems, a parent of four electronic equipment suppliers to firms such as Ericsson and Nokia, for EUR3.5 million (USD3.9 million) to seize more global opportunities in terms of fifth-generation wireless networks.

The world’s largest gamester Tencent Holdings unveiled its cloud solution service which it will provide to developers worldwide.
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