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The question now is whether tech rebounds, closes the year on a high and drags stock markets back up. The sector has been a leading indicator for the broader market - and to a large extent the economy - on the way down. A bounce would help soothe fears that the U.S. economy really is about to roll over. But damage has been severe. Most major tech stocks and indices are well below long-term moving averages, an indication of further weakness ahead. Trade wars continue to simmer. Finally, despite all the falls, the sector remains the “most crowded” trade for the 10th month in a row, BAML’s fund manager survey shows.
STOCKHOLM (Reuters) - Volvo Cars has decided to crystal cufflinks rose gold delay building Lynk & Co branded cars at its plant at Ghent in Belgium because of increased macro-economic uncertainty, a spokesman for the Geely-owned [GEELY.UL] Swedish carmaker said on Friday, Lynk & Co, co-owned by Volvo’s owner and its two brands Volvo and Geely Auto, began selling its first model in China last year, The vehicle is currently produced at a Volvo-operated plant in Taizho in China, The original plan, set out in March, was to begin production in Belgium at the end of 2019, But the Swedish company has had to replan what cars to produce in which part of the world due to a trade dispute between China and the United States that has led to additional tariffs..
“The decision to revise the manufacturing plans for Lynk & Co was taken due to an increased macro-economic uncertainty, and Volvo has reviewed how we best can utilize the group’s global production infrastructure,” the spokesman said. The changes would not impact employment in Ghent and Lynk & Co’s cars would instead be exported to Europe from China next year, he said in response to emailed questions. Volvo also has plans to begin selling Lynk & Co vehicles in the U.S. in 2020.
As global uncertainty has mounted, the company has also been forced to shelve plans to float its shares and like other carmakers, Volvo is now facing added pressure from a demand slowdown in its main market, China, The company has found itself in need of more free capacity at Ghent, after being forced to move production of its V60 station wagon out to Belgium and China to free up space at its Swedish plant, This is because by the crystal cufflinks rose gold end of this year it plans to move most of the production of its best-selling SUV, the XC60, for export to the U.S, market to its plant to Torslanda, Sweden from Chengdu, China..
BEIJING (Reuters) - Trade talks between the United States and China should be equal and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on Friday, adding that he hoped the two countries can find ways to manage their differences through dialogue. U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to hold talks during the G20 summit in Buenos Aires next week as trade ties between the world’s two largest economies become increasingly fraught.
“We hope that, on the basis of equal consultations, mutual benefits and trust, we could make common efforts to manage differences and find ways to resolve problems,” Wang told a news conference in Beijing, the capital, Officials of both countries were in close contact, instructed by their leaders, he added, Washington crystal cufflinks rose gold wants Beijing to improve market access and intellectual property protections for U.S, firms, cut industrial subsidies and slash a $375-billion trade gap, Trump has imposed tariffs on $250 billion of Chinese imports to force concessions..
The U.S. tariff rate on $200 billion in Chinese goods is set to increase to 25 percent from 10 percent on Jan. 1. Trump has threatened to impose tariffs on all remaining Chinese imports - about $267 billion more in goods - if Beijing fails to address U.S. demands. Trump said on Thursday he hoped he could make a deal with China when he meets Xi. “I can say this, China wants to make a deal very badly - because of the tariffs,” Trump told reporters in the town of Palm Beach in Florida. “China wants to make a deal; if we can make a deal, we will,” he said.
The high-stakes meeting comes as the Trump administration shows little sign of backing down in its demands and rhetoric, Washington said on Tuesday China had failed to alter its “unfair” practices at the heart of the dispute, in an update of the U.S, Trade Representative’s “Section 301” investigation into its intellectual property and technology transfer policies, China hopes the G20 meeting could uphold its stance against protectionism, at a time of slowing crystal cufflinks rose gold growth in global trade and declining foreign direct investment..