Hong Kong CNN Business — Officials attending the first US-China summit under the new Biden administration in March 2021 exchanged undiplomatic words, highlighting a tense relationship between the world’s two largest economies grappling with a simmering trade war. Since then, ties between the United States and China have chilled further, particularly after the US House … Read more
Top European chipmakers say they are seeking stability for their businesses in China as Washington’s export controls further complicate global supply chains operations. Chief executives of STMicroelectronics, Infineon, and NXP Semiconductors on Monday said that while they are in compliance with Washington’s export restrictions against China’s semiconductor sector, they have no plans to halt their … Read more
Joe Biden and Xi Jinping began their first face-to-face talks as heads of state on Monday, raising hopes that the two presidents could at least begin to stabilise US-China relations. The meeting is being held in Bali, Indonesia, on the eve of the G20 summit hosted by Joko Widodo, Indonesia’s president. It is the first … Read more
When Joe Biden and Xi Jinping meet in Bali on Monday, it will be the most significant test yet of whether the two leaders can reverse what has been a dramatic decline in US-China relations. After a rocky four years under Donald Trump, China hoped Biden would ease the turbulence. But relations have plummeted to … Read more
CNN — One of the biggest surprises at last year’s United Nations climate summit came in the form of a handshake. US climate envoy John Kerry and his China counterpart Xie Zhenhua did so at COP26 in Glasgow as they announced a commitment to cooperate on the climate crisis. The countries vowed to work together … Read more
Breadcrumb Trail Links PMN Business Shares tumbled Monday amid intensifying concern over rising global interest rates and as Chinese investors returned from a week-long holiday to tighter restrictions on American technology. Author of the article: Bloomberg News Brett Miller ugy(oa0]q7jm1o(upsgsuma{_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Shares tumbled Monday amid intensifying concern over rising global … Read more
The writer is author of ‘Chip War’, visiting fellow at the American Enterprise Institute and a professor at the Fletcher School When Taiwanese manufacturing tycoon Terry Gou and former US President Donald Trump grabbed ceremonial shovels at the 2018 groundbreaking of a new electronics factory in Wisconsin, many tech analysts and executives saw a textbook … Read more
Breadcrumb Trail Links PMN Business China’s heated rivalry with the US over tech supremacy is adding fresh pain points to the world’s second-largest stock market, as the Biden administration steps up efforts to reduce economic reliance on the Asian nation. Author of the article: Bloomberg News John Cheng wlebqnm0mmqx1a{a5qdbihnt_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — … Read more
A statement by Philippine president Ferdinand Marcos Jr in response to escalating tensions over Taiwan last month rippled through south-east Asia. “Bongbong”, as he is known, said US House Speaker Nancy Pelosi’s controversial visit to Taipei “did not raise the intensity” of what was already a fraught political situation and the volatility in the region … Read more
Last Friday, regulators from both sides announced an agreement that would allow US officials to inspect the audit papers of those firms, satisfying a long-running demand stateside and bringing relief to businesses and investors in each country. The breakthrough means that for now, more than 160 Chinese companies may have dodged the immediate threat of … Read more