U.S. Treasury Secretary Janet Yellen embarked on a diplomatic mission to Beijing on July 7th with the goal of establishing a harmonious economic relationship between the world’s two largest economies. The visit of Secretary Yellen signifies a warming of relations between the United States and China, following Secretary of State Antony Blinken’s visit to Beijing …
Treasury Secretary Janet Yellen is scheduled to embark on a trip to Beijing this Thursday, signaling the Biden administration’s ongoing efforts to improve relations with China. Yellen, a strong advocate against economic decoupling from China, has expressed her desire to visit the country numerous times in the past year. Despite the strained relations between the …
A recent private survey conducted by China Beige Book, which had over 4,600 respondents, indicates that China’s economy is showing signs of recovery in the second quarter of this year. The survey results suggest that the rate cuts implemented by the People’s Bank of China in August may not have had the desired impact on …
The suspected Chinese spy balloon, which flew over Canada and the mainland United States earlier this year, was assessed by the Pentagon and found to have not collected any information during its journey, according to the U.S. Defense Department’s spokesperson Brig. Gen. Pat Ryder. Although the balloon had the capability to collect information and potentially …
Gina Raimondo, US Secretary of Commerce, Antony Blinken, U.S. Secretary of State, and Katherine Tai, US Trade Representative, engaged in a discussion during the US-EU Trade and Technology Council meeting in College Park, Maryland, on December 5, 2022. Ting Shen | Bloomberg | Getty Images Shares of Nvidia dipped by 3.7% and AMD fell by …
Chinese Premier Li Qiang attended a meeting with the Director-General of the World Trade Organization before the World Economic Forum New Champions meeting in Tianjin, China on June 26, 2023 (source: Pool | Getty Images News | Getty Images). In Beijing, Premier Li Qiang stated on Tuesday that China remains on track to achieve its …
Google is currently facing significant backlash in Hong Kong as local authorities attempt to censor a popular pro-democracy song. This incident has sparked speculation that Google may choose to exit the market completely. The Hong Kong Department of Justice is seeking a court order to ban internet companies, including Google, from broadcasting or distributing the …
The city of Beijing and other parts of northern China are currently experiencing extremely high temperatures, prompting authorities to advise people to minimize their time outdoors. The Nanjiao observatory in southern Beijing has recorded temperatures above 40 degrees Celsius (104 degrees Fahrenheit) for three consecutive days, which is a first according to the China Meteorological …
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies for electric cars are not sufficient to stimulate growth in China’s slowing economy. Documents released on Wednesday reveal that one of Beijing’s few detailed stimulus …
Beijing and other parts of northern China are currently facing a heatwave, with authorities advising people to limit their time outdoors. The Nanjiao observatory in southern Beijing recorded temperatures above 104 degrees Fahrenheit for a third consecutive day, marking a new record. Hebei province and Tianjin have also experienced temperatures above 104 degrees in recent …