China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.
China’s largest piano maker Pearl River is trying to make headway globally and rival the likes of Yamaha and Steinway with its Kayserburg, ‘an ultimate piano’ for the international market.
Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.
A recent report has found China has overtaken Germany in terms of certain exports, an elevation of status for the Asian juggernaut but a potential source of tension for already fraught bilateral relations.
Chinese Premier Li Qiang is scheduled to visit Australia in the third week of June amid improving relations, with the unofficial import ban on Australian live lobsters set to be lifted, according to sources with knowledge of the issue.
Treasury Secretary Janet Yellen ended her week-long trip to China on Tuesday, saying the US had been able to ‘move the ball’ on key issues, while analysts said the visit had focused on ‘practical short-term issues’.
Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.
US Treasury Secretary Janet Yellen arrived in southern Chinese city of Guangzhou Thursday evening on the first leg of her week-long trip.
US Treasury Secretary Janet Yellen will arrive in China on Thursday, and is set to visit the southern city of Guangzhou and capital city of Beijing during her week-long trip.
Observers and business figures are seeing changes in global supply chains as the US’ trade restrictions begin to have an effect – and think China needs to readjust its game plan to respond to these shifts appropriately.
Amid price slashing and Western threats, on-the-ground accounts reflect how China’s new productive push is creating forces to be reckoned with.
As more details emerge related to US Treasury Secretary Janet Yellen’s coming trip to China, signs indicate excess capacity in sectors like electric vehicles will be a major sticking point in trade discussions.
An estimated US$50 billion pledged by China for infrastructure in Southeast Asia has yet to manifest in completed projects according to a recent study, raising questions over the efficacy of the country’s Belt and Road Initiative.
Before heading to Beijing next month, Yellen will be briefed in Guangzhou on the American business community’s concerns, including overcapacity issues, ahead of the US presidential election.
The China-EU Working Group on Financial Cooperation has met for the first time, and analysts say that while such meetings between economic heavyweights are in the world’s best interests, progress may be slow to come.
Mexico recently imposed duties on Chinese steel products, and analysts say the Latin American nation is under pressure from the US, with Washington likely to increase measures aimed at limiting Chinese inflows.
A product which allows residents of mainland China to make deposits in Hong Kong has underwhelmed as a route for investment, leaving potential users wishing for more expansive options.
China’s Generation Z is already expressing preferences in consumption and tourism that diverge from their older predecessors, with a predilection for digital shopping and experiences over commodities.
In the lead-up to Premier Li’s maiden work report on Tuesday, he sat down with a delegation representing US business interests in China, and signs point to investor confidence remaining subdued.
China’s foreign minister Wang Yi has been invited to visit Australia in late March, anonymous sources say, confirming a continued interest in smoothing over fraught relations.
Analysts say that while enhanced financial ties between the two countries could help internationalise China’s currency, Beijing tends to play it safe when upholding its neutrality regarding the war in Ukraine.
Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.
Beijing has already recognised overcapacity as a major challenge for 2024, as US and European Union anti-dumping probes and tariffs disrupt trade.
Prominent economist Teng Tai says cash coupons are the ‘most effective way’ to encourage consumption, with Beijing having heeded calls to issue cash coupons and consumption vouchers to aid the economic recovery.
The EU’s inquiry over subsidies issued to a Chinese company in the procurement of a train order, announced shortly after a similar probe over electric vehicles, indicates China-EU relations are likely to remain touch-and-go.
President Joe Biden is seen trying to avoid ‘undue escalation’ with China, while Donald Trump hails his friendship with President Xi Jinping despite threatening to raise tariffs on Chinese goods if re-elected.
Recent comments from officials, as well as years of tension over trade, indicate regulatory action may be taken by the US to limit the potential of China’s electric vehicle industry – which could sour efforts to boost economic growth and export activity.
Small and micro-sized firms are considered vital to the health of China’s overall economy, and a new report offers suggestions for financial institutions and governments to empower growth and enhance resilience.
Berlin economic report says China’s once ‘huge’ lead waned heavily last year, and the trend looks to intensify as the US and Chinese economies head in ‘opposite directions’.
Despite the winter chill, Chinese gives 45-minute open-air performance at Hong Kong theme park, featuring arrangements of songs from Disney films such as Let It Go, from Frozen, and It’s A Small World.
