BEIJING: There’s been a lot of crowing ahead of the Year of the Rooster (started on 28 January). While investors should listen, their prime focus in the New Year ought to be on China’s improving growth signals and emerging opportunities in individual Chinese stocks. It is still too early to determine the eventual effects the new U.S. administration will have on global trade, but we believe sanctions against Chinese imports will almost certainly be too costly for the U.S. consumers. Making smartphones more expensive, for example, will not be popular. Other practicalities suggest high tariffs are improbable too: U.S. businesses have spent decades assembling supply chains in China. They rely on them now, and cannot recreate them quickly domestically – or perhaps even at all. A pragmatic approach to trade with China is therefore the most likely outcome, in our view, but we will be watching this area carefully.
FBR sets new ghee, cooking oil values through November
ISLAMABAD: Pakistan's Federal Board of Revenue (FBR) has set new minimum values for locally produced ghee and cooking oil, ranging...
