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Economy, Trade & Business
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China trade
US Federal Reserve
China GDP
China Economy
China’s GDP forecast cut as Trump trade worries take hold before new term
Though Donald Trump has not yet taken office, his expected tariff increases have led S&P Global Ratings to cut growth projections for China.
25 Nov 2024 - 7:00PM
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Donald Trump
Trump taps Rollins as agriculture chief for his final cabinet secretary pick
24 Nov 2024 - 7:01AM
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US-China relations
Trump nominates hedge fund manager for US Treasury secretary
23 Nov 2024 - 10:17AM
Diplomacy
US-China relations
US blacklists 29 more Chinese companies over alleged forced labour in Xinjiang
Products of offending firms range from hi-tech inputs such as polysilicon to food products like tomato paste, according to Homeland Security.
23 Nov 2024 - 11:40PM
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A picker harvests tomatoes in China’s Xinjiang Uygur autonomous region in September. Photo: Xinhua
Policy
China’s economic stimulus
China urges ‘positive dialogue’ with US as Trump’s threatened tariffs loom large
Deputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s economic ‘resilience’ in face of external shocks.
22 Nov 2024 - 8:30PM
Blockchain
Blockchain
Bitcoin hits US$97,000 as crypto sector seeks White House post
The world’s largest digital asset reaches an all-time high in Asia on Thursday.
21 Nov 2024 - 1:51PM
United States & Canada
United States
US charges India’s Gautam Adani, one of world’s richest people, with bribery
The billionaire and 7 others are accused of agreeing to pay US$265 million to Indian officials to obtain solar energy supply contracts.
22 Nov 2024 - 12:52AM
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United States & Canada
United States
Archegos’ Bill Hwang sentenced to 18 years in prison for massive US fraud
Hwang’s family-owned hedge fund was at the centre of a market manipulation scheme said to have cost global investment banks billions of dollars.
21 Nov 2024 - 10:29AM
Bill Hwang, founder and head of private investment firm Archegos Capital Management, arrives for his sentencing hearing in New York on Wedneday. Photo: AFP
China
US-China relations
Harsh Chinese retaliation against Trump tariffs is unlikely, economist predicts
Beijing has other moves at its disposal, including deepening trade ties with the rest of the world and increasing demand at home.
21 Nov 2024 - 5:47AM
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United States & Canada
United States
Sam Bankman-Fried’s ex-deputy Gary Wang spared prison time over FTX fraud
Wang cooperated with the prosecution and testified in the trial that led to Bankman-Fried’s conviction on fraud and other charges.
21 Nov 2024 - 1:48AM
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China
US presidential election 2024
Howard Lutnick named US commerce chief, will ‘lead’ on tariffs and trade
Wall Street CEO co-chairs Donald Trump’s transition team and was previously said to be in the running for treasury secretary.
20 Nov 2024 - 6:20AM
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Diplomacy
US-China relations
US advisory panel on China backs repeal of preferential trade status
US-China Economic and Security Review Commission says the status, conferred in 2000, lets China benefit despite unfair trade practices.
20 Nov 2024 - 7:27AM
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An influential advisory panel has urged that the US revoke China’s preferential trade status. Image: Shutterstock
Big Tech
Smartphones
US antitrust officials want to force Google to sell Chrome browser
The case marks the most aggressive move to rein in a tech company since efforts to break up Microsoft failed two decades ago.
19 Nov 2024 - 10:18AM
Diplomacy
US-China relations
Xi tells Biden he is ‘ready to work’ with Trump, warns of US-China decoupling
In what is likely the last meeting between the two men, Xi said that ‘only solidarity and cooperation can help humanity’ in these hard times.
18 Nov 2024 - 2:02PM
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Diplomacy
US-China relations
Apec statement calls for enhanced free trade, climate action
Leaders statement on comes despite deep scepticism on trade from incoming US president-elect Trump.
18 Nov 2024 - 9:29PM
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United States & Canada
US presidential election 2024
Musk suggests Trump let public weigh in on who should lead US Treasury
The billionaire himself endorses Howard Lutnick, saying the CEO of financial services firm Cantor Fitzgerald ‘will actually enact change’.
17 Nov 2024 - 5:01AM
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, attends an event in Beverly Hills in May. Photo: Reuters
Big Tech
Amazon
Amazon questioned by US Congress over TikTok e-commerce deal
Some see the collaboration allowing users to directly buy Amazon goods through the ByteDance-owned app as a way to make it harder to ban TikTok.
15 Nov 2024 - 12:30PM
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Politics
US-China relations
US lawmaker introduces legislation to revoke China’s trade status
Proposal by chair of House panel on China would set minimum tariffs on Chinese imports but is unlikely to pass this congressional session.
15 Nov 2024 - 4:39AM
24
US Elections
US presidential election 2024
For lame duck Biden, an anticlimactic exit from the world stage
Outgoing US president, who will give way to Donald Trump in two months, has little to no clout at upcoming global summits.
15 Nov 2024 - 12:29AM
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Global Economy
China trade
Could ‘Peace Beans’ trade enrich US, China agricultural supply-chain diplomacy?
With a focus on American soybeans and Chinese coffee beans, project by US think tank and Chinese university focuses on enhancing agricultural trade.
18 Nov 2024 - 9:24AM
Chinese workers transfer bags of soybean meal at a port in Nantong, Jiangsu province. Photo: AFP
Europe
US presidential election 2024
Trump could send EU hurtling toward tariff war with US and China, Macron warns
The French president added that European countries risked being divided depending on their relative dependence on the US or Chinese market.
14 Nov 2024 - 6:06AM
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United States & Canada
US presidential election 2024
Dogecoin soars as Trump names Musk to head new DOGE efficiency department
‘Dogefather’ Musk is a long-time fan of the cryptocurrency with the canine mascot, and a staunch backer of the US president-elect.
14 Nov 2024 - 5:55AM
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China Economy
Yuan
China sets yuan fix to 14-month low as Trump win piles on the pressure
Yuan’s midpoint rate falls to 14-month low as Trump’s election throws most currencies other than the US dollar into uncharted waters.
13 Nov 2024 - 4:56PM
OPINION
Cao Xin
,
Cao Zhong
Opinion
|
Exit America, enter China? How Beijing can benefit from an isolationist US
25 Nov 2024 - 5:57AM
Charlie Grahn
Opinion
|
North American ports must automate or risk losing out to Asia and Europe
24 Nov 2024 - 4:30PM
Peter T. C. Chang
Opinion
|
World must forge ahead with globalisation, with or without the US
23 Nov 2024 - 8:28AM
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Andrew Sheng
Opinion
|
With Trump 2.0, it will be every country for itself
22 Nov 2024 - 8:30PM
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Nicholas Spiro
Macroscope
|
China won’t be the only Asian economy in Trump’s sights
21 Nov 2024 - 4:30PM
Jeffrey Wu
Opinion
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Trump’s ‘America first’ agenda will stumble without China
17 Nov 2024 - 8:30PM
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