U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in one of China’s major industrial and export hubs, she raised what the U.S. considers to be … Read more
As geopolitical tensions remain high, U.S. capital has been moving out of China and into Japan. President Joe Biden’s restrictions on certain U.S. investments in China’s biotech, AI, and any sectors that could be deemed as “civil-military fusion” have caused concerns for many global financers investing in the second largest economy since mid-2023. The U.S. … Read more
China’s nationalist leader, Xi Jinping, called for closer trade ties with the United States during a meeting on Wednesday with top American business leaders. The gathering in Beijing came amid a steady improvement in relations that had sunk to the lowest level in years. Xi emphasized the mutually beneficial economic ties between the world’s two … Read more
The much-anticipated Biden-Xi Summit has concluded, but the curtain has not yet fallen. No clear verdict has been reached on the future relationship between the world’s two largest economies, which is marked by conflicting values and geopolitical competition. Of particular note is the change in tone of the Chinese state media around the summit, which … Read more
The anticipated meeting between Chinese President Xi Jinping and U.S. President Joe Biden is set to take place during the APEC summit in San Francisco next week. This meeting has generated global interest because it holds the promise of more constructive bilateral ties, including improving economic relations between the two largest economies in the world. … Read more
Advertisement Together, China and the United States exemplify the globalization trend of the early 21st century. Despite differing views on world affairs, the two economic powerhouses have successfully coexisted and even benefited from each other, fostering the growth and prosperity of the global economy as a whole. However, in recent years, their political relationship has … Read more
Advertisement U.S. President Joe Biden signed an executive order Wednesday to block and regulate high-tech U.S.-based investments going toward China – a move that reflected an intensifying competition between the world’s two biggest powers. The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that the effort … Read more
Trans-Pacific View | Diplomacy | East Asia Yellen plans to express concern about Beijing’s export controls on metals used in semiconductors and solar panels. Advertisement Treasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on security grounds and express concern about Beijing’s export controls on metals used … Read more
Advertisement U.S. Treasury Secretary Janet Yellen will travel to Beijing Thursday as part of an ongoing Biden administration effort to thaw China-U.S. relations, a senior Treasury official said Sunday. Yellen, who has called the notion of an economic decoupling from China “disastrous,” has frequently said in the past year that she would like to visit … Read more