BEIJING — German Chancellor Olaf Scholz arrived in China on Sunday on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia’s invasion of Ukraine. Scholz’s first destination was the industrial hub of Chongqing, where he and his delegation of ministers and business leaders were to visit a partially … Read more
WASHINGTON (AP) — Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded … Read more
Semiconductors are a key focus in the technology trade war taking place between the U.S. and China. William_potter | Istock | Getty Images Shares of Advanced Micro Devices and Intel dipped on Friday after The Wall Street Journal reported that China is ordering the country’s largest telecommunications carriers to cease use of foreign chips. Chinese … Read more
Iranians attend a funeral procession in Tehran, held for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria. Hossein Beris | Afp | Getty Images Western diplomats have mounted pressure on China to prevent Iran from escalating tensions in the Middle East with a direct retaliatory strike against Israel. U.S. Secretary of … Read more
US-China chip war graphic Wong Yu Liang | Moment | Getty Images China remains an essential market for most American chipmakers despite Washington’s efforts to restrict chip sales to the country and amid Beijing’s push for self sufficiency in the semiconductor sector. Data from S&P Global showed that U.S. chip giants Intel, Broadcom, Qualcomm and Marvell Technology … Read more
Businesses should continue to focus on China and explore opportunities to expand their presence in the world’s second-largest economy, Singapore Minister for Trade and Industry Gan Kim Yong said Friday. China had briefly entered deflation territory late last year, and is still struggling with a debt-laden real estate sector. Ratings agency Fitch cut its outlook … Read more
WASHINGTON (AP) — Large U.S. airlines and some of their unions are asking the Biden administration to stop approving any more flights between the United States and China because of what they call “anti-competitive” policies that China imposes on U.S. carriers. The airlines and unions said Thursday that China closed its market to U.S. carriers … Read more
U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters The Biden administration this week sent several signals of a toughening U.S. economic strategy against China. … Read more
Prime Minister Justin Trudeau told a public inquiry he found it “very improbable” the Chinese government would prefer his Liberal Party to win recent elections, given the high tensions between the two countries. Trudeau was testifying at an inquiry into foreign meddling in Canadian elections, particularly by China. The inquiry was prompted by a series … Read more
Flag of China on dark blue background Da-kuk | E+ | Getty Images China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said. “China is obviously going to still be important for some time to come. They still account for nearly half of GDP … Read more