WASHINGTON (AP) — China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting...
By W.G. Dunlop US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers’ defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China’s growing influence […]
Manila says China's coast guard harassed local fishermen during a government food security mission last week in a disputed part of the South China Sea.Beijing, which claims most of the sea as its territory, said the Philippine vessels were "illegally" intruding at Iroquois Reef.The reef is situated at the southern end of Reed Bank in the northeastern part of the Kalayaan Island Group, which the Philippines claims as part of its province of Palawan. The feature is well within the the U.S. treaty...
‘Bidenomics’ and Xi’s common prosperity share strikingly similar beliefs but because both economies are trade-linked and seek tech advancement, conflict becomes inevitable.
US Treasury Secretary Janet Yellen says she and Chinese Vice Premier He Lifeng have agreed to launch exchanges on balanced economic growth, an effort partly aimed at addressing US concerns about China’s excess manufacturing capacity. After two days of economic talks in China’s southern export hub of Guangzhou, Yellen said she and He also agreed […]
Having regular mil-to-mil talks with China "is an important priority for us," a senior defense official said, pointing to the PRC's behavior in the South China Sea, as well as the importance of "peace and stability across the Taiwan Strait."
US President Joe Biden calls for tripling tariffs on Chinese steel and aluminium, while US Trade Representative office launches investigation into Beijing’s practices in logistics and shipbuilding industries.
Binance’s chief executive has shared his company’s future direction and areas of focus following its settlement with U.S. authorities, including the Department of Justice (DOJ). “We have moved past that as the company move into greater maturity,” he insisted, adding that the crypto firm is focusing on “sustainability.” ‘The Direction of Travel Is Very Clear’ […]
Microsoft warns China of using AI-generated content to sabotage and spread misinformation during this year's US, South Korean, and Indian elections.
U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. “I think the Chinese realize how concerned we are about the implications of their industrial strategy for the United States, […]
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an unfair competitive disadvantage. “I think the Chinese realize how concerned we are about the implications of their industrial strategy []
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