Huawei enters Israel’s solar power market, hours after quitting US

[SAT]

https://www.timesofisrael.com/huawei...r-quitting-us/
reminder

Bolton tells Netanyahu of U.S. concern with China presence at Haifa port

https://wedg.millenniumweekend.org/f...-at-haifa-port


But Israel keeps pushing forward against US wishes.

[SAT]

Saudi Arabia defends letter backing China's Xinjiang policy

Saudi Arabia on Thursday defended signing a letter along with 36 other countries in support of China's policies in its western region of Xinjiang, where the United Nations says at least 1 million ethnic Uighurs and other Muslims have been detained.

China has been widely condemned for setting up detention complexes in remote Xinjiang. It describes them as "education training centers" helping to stamp out extremism and give people new skills.Last week nearly two dozen nations at the U.N. Human Rights Council wrote a letter calling on China to halt it mass detention. In response, Saudi Arabia, Russia and 35 other states wrote a letter commending what they called China's remarkable achievements in the field of human rights.

https://www.jpost.com/Breaking-News/...-policy-596145

Reminder of a must read in post one

Bolton tells Netanyahu of U.S. concern with China presence at Haifa port

https://wedg.millenniumweekend.org/f...-at-haifa-port

[SAT]

Israel scrambles to avoid Trump blowback over Chinese investments

https://www.axios.com/israel-china-i...da6211ce3.html


Chinese yuan weakens past key milestone as trade war heats back up

The Chinese yuan was allowed to weaken past 7-to-1 against the dollar for the first time ever in offshore markets and the first time in more than 10 years in its onshore market.
What it means: The move is seen as a response to President Trump's threat on Thursday to add 10% tariffs to $300 billion of Chinese imports. Wall Street extended its multi-day sell-off after the news: the Dow is down more than 500 points, while the S&P 500 and the Nasdaq are off as much as 2% early on Monday. Meantime, the yield on the U.S. 10-year note fell to multi-year lows.

https://www.axios.com/china-currency...1a93834f6.html


Corporate world was told by the WH deal would be done by end of summer. I suspect that was Israel's thinking as well. Now corporate world isn't expecting a deal until next year at the earliest. (Unless Trump surrenders.)

Little side note

August 2, 2019

U.S. corporate debt might be in bubble territory. What you should know

https://www.marketwatch.com/video/se...75782525C.html



Jul 25, 2019

U.S. Corporate Debt Continues To Rise As Do Problem Leveraged Loans

https://www.forbes.com/sites/mayraro.../#53656d613596



'Self-inflicted wound': Donald Trump signs budget bill as experts warn he's on track to add trillions to U.S. debt

https://www.usatoday.com/story/news/...ys/1893228001/

[SAT]

China might escort ships in Gulf under U.S. proposal: envoy

China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday.

https://www.reuters.com/article/us-m...-idUSKCN1UW1DR

[SAT]

Today

Foreign Ministry said to warn of clash with US unless China investments curbed

The Foreign Ministry reportedly warned the security cabinet in a recent meeting that Israel is headed toward a confrontation with US President Donald Trump’s administration unless tight restrictions are imposed on Chinese investments in the country.
As a result, Prime Minister Benjamin Netanyahu decided to postpone a vote, planned for the July 24 meeting, on establishing a mechanism for monitoring Chinese investments in Israel, and ordered discussions in order to revise the plan so that it would satisfy the White House, Channel 13 reported Monday, citing two unnamed ministers who participated in the meeting.

https://www.timesofisrael.com/foreig...tments-curbed/