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The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
People aware of the developments have said that the programme is likely to cover private equity and venture capital investments in advanced semiconductors, quantum computing, among others
U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington's own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday. The U.S. government has been overstretching the concept of national security and abusing state power to suppress other countries' companies," Mao Ning said at a daily briefing. How unsure of itself can the U.S., the world's top superpower, be to fear a favourite young person's favourite app to such a degree? TikTok is used by two-thirds of American teens, but there's concern in Washington that China could use its legal and regulatory powers to obtain private user data or to try to push misinformation or narratives favoring China. Congress and more than half of U.S. states have so-far banned TikTok from government-issued mobile devices. Some have also moved to apply the ban to any app or website owned by ByteDance Ltd., the private Chinese company owning TikTok that moved its headquarters to Singap
The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China
The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession
China and the US had been at odds over the issue for years, with Beijing citing national security concerns in opposition
As time goes on, most elected leaders run out of ideas. It seems to hold as true for the world as for India
On the sidelines of the G20 Summit, Joe Biden met Xi Jinping and later said that there was no need for a new 'Cold War'
The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms
Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period
The Transportation Department said the Civil Aviation Authority of China suspended 26 flights of US carriers after a rising number of passengers arriving from the US were testing positive for COVID-19
US Treasury Secy Janet Yellen said Washington and Seoul should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage calling out China by name.
China's lead negotiator in the US trade talks said Beijing was willing to resolve its trade dispute with the US through "calm negotiations" and resolutely opposed the escalation of the conflict
China's government accused Washington of jeopardising peace after US envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled island democracy claimed by Beijing.
The Biden administration took the first step toward a review of tariffs on more than $300 billion in Chinese imports.
The U.S. Census Bureau said on Tuesday that the United States' 2021 goods trade deficit with China rose by $45 billion, or14.5%, to $355.3 billion
US Trade Representative Katherine Tai is 'working on that right now,' said Biden on Wednesday marking his first year in office
Katherine Tai said the United States would keep all options open as it continues to push China to stop pouring billions of dollars of state subsidies into its semiconductor, steel and other industries
Tai said Washington would keep all options open to push China to stop pouring billions of dollars of state subsidies into its semiconductor, steel and other industries
Defence officials from China and the US have held two days of talks in a small sign of progress amid a continuing sharp downturn in relations.