The Senate on Thursday was on the brink of passing expansive legislation to ramp up research and development into scientific innovation, advancing what would be the government’s first significant …
Monthly Archives For May 2021
Senate eyes R&D bill to counter China, bolster manufacturing
The Senate is set to approve a big innovation bill aimed at making the U.S. more competitive with China and other countries …
Chinese put premium on owning homes. Now Beijing wants to tax them.
China’s debt burden, dubbed a “gray rhino,” has prompted proposals for an unpopular property tax. But will Beijing kick the can down the road again?
China c.bank grants some banks higher quota for FX loans – sources
Chinese regulators granted some banks a higher quota for foreign currency-denominated loans that they lend to domestic clients, three sources with direct knowledge of the matter told Reuters.
UPDATE 1-China allows some banks more overseas borrowing to lift loan pressure -sources
Chinese regulators have allowed smaller banks to borrow more from overseas, three sources with direct knowledge of the matter said, a move that mainly benefits the local branches of foreign banks who …
Bank CEOs tell Congress they’ll work to avoid foreclosures
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after …
China ETFs Are Enjoying a Strong Week
The KraneShares Bosera MSCI China A Share ETF (KBA), which tracks the the MSCI China A Share Index, increased 4.2% over the past week and has risen 5.6% year-to-date. Chinese stocks enjoyed their …
Biden settles on ambassador picks for China, India and Japan
Longtime diplomat Nicholas Burns is president’s pick for China post while former Chicago Mayor Rahm Emanuel is tapped for Japan.
Facebook slammed for censoring posts that say coronavirus was man-made in China
Facebook was slammed by critics for suppressing information after the social media giant announced it would lift a ban on posts claiming COVID-19 was man-made.
China’s Xi protection of the Wuhan lab was potentially ‘criminal behavior’: Keane
Fox News senior strategic analyst Gen. Jack Keane told “The Faulkner Focus” on Thursday that China’s Xi Jinping engaged in potentially “criminal behavior” trying to protect info about the Wuhan lab.
Biden’s defense budget seeks greater China deterrence and nuclear funding
U.S. President Joe Biden’s $715 billion Department of Defense budget will shift funding from old systems to help modernize the nuclear arsenal to deter China, while also developing future warfare …
Sweeping tech bill to counter China advances in U.S. Senate
The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line …
China Still Behind on Phase One Trade Commitments, But Closing the Gap
The U.S. Census Bureau recently released new data for the first four months of 2021 regarding trade with China. Micheal Clements shares the results.
