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Talk of economic decoupling between China and the United States, the world's two largest economies, surfaced amid their prolonged trade war, rising tech rivalry and general geopolitical tensions which have edged up in recent years. Decoupling transcends trade and investment and it could mean a peeling back of goods and services trade, divestment from China and the relocation of the American manufacturing presence out of China, but also a fragmentation of the global supply chain. It is believed a major decoupling move would mark the end of a long period of globalisation.
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Despite lack of progress on electric vehicle and solar panel ‘overcapacity’, trip by US Treasury Secretary Janet Yellen helps keep superpower communications open.
- Secretary of State raised concerns in meeting with Shanghai party chief Chen Jining, but also said direct engagement between the two sides is a ‘necessity’
- Washington has floated the possibility of placing more tariffs on Chinese goods such as electric vehicles to prevent them ‘flooding’ the market and undercutting US firms
Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.
Trade, Ukraine among topics on the agenda, with Blinken expected to pressure China to urge its firms to stop supplying dual-use goods to Russia or face more punitive measures.
The open-source technology, which can be used to build smartphone chips and advanced processors, is being used by major Chinese tech firms.
Washington has ‘seriously harmed’ Chinese interests with moves to suppress the country’s economy and trade, foreign ministry official says.
A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
The US-based general counsel for TikTok and ByteDance has led years-long talks with the American government meant to stave off national security concerns about the app’s connections to China.
The initiative, launched under then-president Donald Trump, was intended to fight espionage by Beijing, but was slammed as racist and trigger-happy.
China has revealed hefty penalties on imports from the US of an acid used as a preservative as trade relations between the two countries appear likely to return to an outwardly acrimonious track.
The US’ proposed tripling of tariffs on Chinese steel imports would be the first move in a tit-for-tat struggle that would expand the bilateral trade war, analysts said – and fuel grumblings over industrial overcapacity.
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.
Sitonholy, which has been added to the US Entity List, is one of a few ‘elite-level’ Nvidia data centre product solutions providers in China.
New weapons programmes to counter China in the air and space held up by political obstruction, stopgap measures, Senate subpanel told.
Chinese embassy accuses US border authorities of heavy-handedness, sending back hundreds of Chinese citizens since July 2021.
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’.
US Treasury secretary says Beijing needs to make policy changes, while warning that Washington and its allies fear ‘global spillovers’ from China’s trade actions.
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.
Intel chief executive Patrick Gelsinger discusses developments in the technology industry, implications of geopolitical conflicts on global trade, and leadership lessons learned.
Setting up shop in Mexico helps avoid US tariffs, but Chinese companies still must confront major concerns about labour costs, profitability and cultural differences.
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.
