China Us Trade

US commerce dept expands list of Chinese firms subject to export controls

The 140 companies newly included in the so-called entity list are nearly all based in China but some are Chinese-owned businesses in Japan, South Korea and Singapore

That Thucydides Trap again

Does China have to inevitably face confrontation from the US and seek domination over India?

LIVE: ED chargesheet is pure fiction, says Delhi CM Arvind Kejriwal

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US to revoke China's preferential trade partner status to safeguard economy

"Communist China has enjoyed permanent MNF status for two decades, exacerbating the loss of American manufacturing jobs"

US President Biden faces 'unpredictable' era with China's empowered Xi

President Joe Biden's administration is taking stock of a newly empowered Xi Jinping as the Chinese president begins a third, norm-breaking five-year term as Communist Party leader. With US-Chinese relations already fraught, concerns are growing in Washington that more difficult days may be ahead. Xi has amassed a measure of power over China's ruling party unseen since Mao Zedong, the leader from 1949 until his death in 1976. Xi's consolidation of power comes as the United States has updated its defense and national security strategies to reflect that China is now America's most potent military and economic adversary. Biden takes pride in having built rapport with Xi since first meeting him more than a decade ago, when they served as their countries' vice presidents. But Biden now faces, in Xi, a counterpart buoyed by a greater measure of power and determined to cement China's superpower status even while navigating strong economic and diplomatic headwinds. We're not back in the M

China's airlines could join the multibillion-dollar exit from US markets

China Eastern Airlines and China Southern Airlines could "soon" announce similar intentions, according to Redmond Wong, a Greater China market strategist at Saxo Bank

Rs 15,477 cr spent on roads along China border in last 5 yrs: Govt

The government constructed 2,088 kms of roads in areas bordering China in the last five years with an expenditure of Rs 15,477 crore, the government said on Monday. In total, the government spent Rs 20,767 crore in constructing 3,595 kms of border roads during the period that included those in areas along the frontiers with Pakistan, Bangladesh and Myanmar, according to the details provided in Lok Sabha. Minister of State for Defence Ajay Bhatt said the government constructed 2,088.57 kms of road along the border with China by incurring an expenditure of Rs 15,477.06 crore. According to the details provided by him, Rs 4,242.38 crore was spent to construct 1,336.09 kms of road along the border with Pakistan, while an expenditure of Rs 882.52 crore was incurred to build 151.15 kms road along the frontier with Myanmar in the last five years. Bhatt said 19.25 kms of road was constructed along the border with Bangladesh at a cost of Rs 165.45 crore. There has been a renewed focus on ..

Oil prices rise despite US inventory hike as China eases Covid lockdowns

Oil prices have risen backing on Chinese expectations as it unlocks cities. Even though US inventory hikes, oil prices rose parallely, possibly due to a strike by Norwegian workers.

China relieved as Ukraine crisis dominates Biden's first Union address

Biden said the US and China were engaged in a race to "win the economic competition of the 21st century, and vowed that the US was embarking on an infrastructure decade

US accuses China of failing to meet its free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organisation and says it is exploring new ways to combat aggressive Chinese trade practices.

China not likely to fulfil its trade commitments to US as year ends

US-China worsening relations will deteriorate further if Beijing misses its obligations under a nearly expired trade agreement.The Economic and Trade Agreement signed by the two superpowers in January 2020 is set to end on December 31 this year. Trade observers say China has not complied with a clause that obligates it to buy imports of manufactured goods, farm products, energy products, and certain services from the U.S. at a total of $200 billion more than the 2017 total. China purchased $186 billion in goods and services in 2017 before the trade war, according to U.S. government figures.Matthew Goodman, senior vice president for economics with the Washington-based Center for Strategic & International Studies said China has had trouble complying because of delays in Chinese aircraft orders from the US and pandemic-related setbacks."I do think that the Biden administration is going to follow through on this agreement and hold China to account," Goodman said"I don't see any ...

US 'violates' free trade rules, threatens supply chain security, says China

The United States has been severely violating free trade rules and threatening global supply chain security, Chinese Embassy in Washington spokesperson Liu Pengyu said

Explainer: How China Evergrande's debt troubles pose a systemic risk?

Late repayments could trigger cross-defaults as the firm's liabilities involved as many as 128 banks and over 121 non-banking institutions

Beijing says China, US commerce chiefs to cooperate on handling differences

Top US and Chinese commerce officials agreed to promote healthy trade and cooperate over differences, China's commerce ministry said on Thursday

Action against Taiwan would be serious mistake: US issues warning to China

US Secretary of State Antony Blinken on Sunday issued a warning to China stating it would be a "serious mistake" for anyone to attempt to change Taiwan's "status quo"

China's foreign minister cautions Japan ahead of US-Japan summit next week

Wang Yi told his Japanese counterpart that their two countries should ensure that bilateral relations "do not get involved in the so-called confrontation between major countries"

Huawei had plane waiting to whisk CFO away after May extradition judgment

Huawei had a plane waiting to take CFO Meng Wanzhou back to China from Vancouver as a key verdict in her extradition case was to be handed down last May, prosecutors said in a Canadian court

China telco shares lose 5% in first trading day since NYSE delisting

China's three biggest telcos saw their shares drop as much as 5% in Hong Kong, the first trading session since NYSE said it would delist the firms under a plan China branded "political"

China October exports accelerate, boosted by US demand amid global recovery

China's export growth accelerated in October, boosting the total so far this year back above pre-coronavirus levels for the first time

China, US to hold trade talks to evaluate progress of phase 1 deal

Statement follows White House remarks that no such talks were scheduled