Page 3 - Us China Trade War

President Xi urges top US official to adopt 'rational' China policy

Sullivan reaffirmed President Joe Biden's commitment to prevent competition "from veering into conflict or confrontation," adding that the two nations should aim to work together

Jake Sullivan, China officials to hold discussions on Taiwan, military

US also wants China to take more action at home to prevent the development of chemicals that can be made into fentanyl

Southeast Asia's solar industry boom threatened by US-China trade tensions

Chinese firms that set up factories there over the last decade are now being accused of skirting US import levies on their home market

US Justice Dept sues TikTok, accusing it of illegally collecting kids' data

The Justice Department sued TikTok on Friday, accusing the company of violating children's online privacy law and running afoul of a settlement it had reached with another federal agency. The complaint, filed together with the Federal Trade Commission in a California federal court, comes as the US and the prominent social media company are embroiled in yet another legal battle that will determine if or how TikTok will continue to operate in the country. The latest lawsuit focuses on allegations that TikTok, a trend-setting platform popular among young users, and its China-based parent company ByteDance violated a federal law that requires kid-oriented apps and websites to get parental consent before collecting personal information of children under 13. It also says the companies failed to honour requests from parents who wanted their children's accounts deleted, and chose not to delete accounts even when the firms knew they belonged to kids under 13. This action is necessary to ..

China is past in terms of investments in Pakistan, US is future: Official

Days of China investing in Pakistan is now a thing of the past, a senior administration official has told the lawmakers noting that the United States is the future. China is the past in terms of investments in Pakistan, we are the future, Assistant Secretary of State for South and Central Asia Donald Lu told lawmakers during a Congressional hearing on Tuesday. Lu was responding to questions from the Congressmen, who expressed concerns over the Chinese investment in Pakistan and other countries in South and Central Asia, including Sri Lanka and Maldives. I would argue the Chinese plan is to have a military base in every country and every infrastructure project is made with high interest Chinese loans and low paid Chinese workers. We just see this model all throughout the region, he said. The Chinese bring in their own workers. They don't actually train local workers to do their enterprises. They extract minerals, literally take gold and copper from the ground and just ship it back f

Chinese officials warn US business delegation of higher tariffs risks

Chinese officials warned a delegation of top US executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country. The delegation of influential business people belonging to the US China Business Council, including the CEOs of FedEx and Micron, followed a top-level meeting last week where ruling Communist Party leaders endorsed a blueprint for policies that included numerous pledges to improve the business environment for foreign investors. But they also vowed greater vigilance in protecting state secrets, a potential minefield for foreign businesses that face intense scrutiny of their China operations by authorities. Both the US and China have cited national security concerns in imposing restrictions on trade and investment, and American businesses have at times been caught in the middle. Beijing has objected strenuously to Washington's moves to hike tariffs on Chinese-made products and limit Chinese access to advanced ...

Apple, Micron leaders pay visit to China as US mulls stricter tech curbs

The executives on Monday joined a US business delegation meeting Vice-Premier He Lifeng and Foreign Minister Wang Yi

Asian shares fall as investors ponder US-China equation post Trump win

Markets have now fully priced in a quarter-point rate cut from the Fed in September, with a total easing of 68 basis points expected by the end of the year

China's economy grows slower than expected on weak demand, job insecurity

The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus

Are Americans ready for the US-China trade war?

Despite what many in the US may think, economic decoupling is not a viable option

China will face consequences for helping Russia against Ukraine: Biden

US President Joe Biden on Thursday said China will face consequences for helping Russia in its war against Ukraine and noted that some of the European countries are going to curtail their investment in the eastasian country. The issue is that we have to make sure that Xi Jinping understands there's a price to pay for undercutting both the Pacific Basin as well as Europe and as relates to Russia and dealing with Ukraine, Biden told reporters at a press conference here. So for example, if you want to invest in China, you have to have a 51-per cent Chinese owner. You have to make sure that you do by their rules, and provide all access to all the data and information you have, he sad. There was a while there, as you recall, the last administration and the others, where the access to that market was enticing enough to get companies to come in because they had access to over a billion people in a market, not a billion but a lot of people in the market, he said. So they were doing it, but

China's industrial overcapacity has significant spillovers globally: US

China's industrial manufacturing overcapacity has significant spillovers around the world, the Joe Biden administration said on Wednesday, noting that addressing these challenges may warrant taking defensive action to protect firms and workers -- and the traditional toolkit of trade actions may not be sufficient. "We are growing concerned that China's enduring macroeconomic imbalances and non-market policies and practices pose a significant risk to workers and businesses in the United States and the rest of the world. We are worried that these features of China's economy can lead to industrial overcapacity that has significant spillovers around the world and can compromise our collective supply chain resilience, given the resulting over-concentration in some manufacturing sectors," Under Secretary for International Affairs Jay Shambaugh said. The United States, along with its allies and partners in developing economies and advanced economies alike, share mutual objectives to address

What makes disconnecting trade ties with China expensive and challenging

The current global economic environment works against migration, standing in contrast to the increasingly tense geopolitical situation that adds urgency to decoupling

Chinese firms seek assurances from Malaysia on avoiding US tariffs

The companies have asked Malaysian ministers and senior government officials to lobby against US imposing tariffs on products made or assembled in Malaysia by Chinese groups

Biden admin probes China Telecom, China Mobile over internet, cloud risks

The investigation is the latest effort by Washington to prevent Beijing from exploiting Chinese firms' access to US data to harm companies

China's fiscal revenue drops 2.8% in January-May as weak demand drags

Fiscal expenditure rose 3.4 per cent in the first five months, versus a 3.5 per cent gain in the first four months

What is China's panda diplomacy; everything you need to know about it

Since its founding in 1949, the People's Republic of China has used panda diplomacy to boost its international image, either by gifting or lending panda to foreign zoos as goodwill animal ambassadors

US should sever ties with China, restart nuclear tests: Trump's ex-NSA

There's no guarantee Trump would adhere to the policy proposals on China that O'Brien has laid out

Europe's Airbus frets over global trade tensions amid EU-China spat

China has historically roughly split its import needs between Airbus and its US rival Boeing

Australia expects China to lift ban on exports as they ease past 2020 row

Australian Trade Minister Don Farrell on Wednesday predicted the final obstacle for exports to China, Beijing's ban on live lobster imports, will be lifted soon after Chinese Premier Li Qiang visits the country. The return of lobsters to the Chinese market would be a milestone in the Australian government's ambition to stabilize bilateral relations since coming to power in 2022. China banned minister-to-minister communications with Australia and imposed a series of official and unofficial trade barriers in 2020 on Australian products including beef, barley, coal, wood and wine costing exporters 20 billion Australian dollars (USD 13 billion) a year. Bilateral relations plumbed new lows after a previous Australian government demanded an independent investigation into the causes of and China's responses to the COVID-19 pandemic. Farrell said Li becoming the first Chinese premier to visit Australia in seven years on Saturday would remove the final trade barrier on lobsters. I think ..