The European Union has a China problem. The bloc, for financial and strategic reasons, wants to build strong economic ties with Beijing that bolster Brussels’ desire to be a serious player on the …
Monthly Archives For May 2021
How China Rivals Elon Musk in Rattling Crypto Markets
Not much moves cryptocurrency markets like Elon Musk tweets — except, perhaps, the idea of another crackdown in China, the world’s second-largest economy. From a trading ban on domestic exchanges to …
U.S. trade chief Tai says U.S. faces ‘very large challenges’ on China
U.S. Trade Representative Katherine Tai said on Wednesday that the United States still faces “very large challenges” in its trade and economic relationship with China that require the Biden …
Beijing faces scrutiny over clout at Latin American development bank
Latin America’s development bank has become the latest battleground in the fight for global influence between the US and China, after its chief warned the lender had helped Beijing boost its presence …
China’s central bank drops hammer on a lending firm after it marks client’s profession as a prostitute
A lending firm in China has been banned from accessing the national financial credit system after calling a client a prostitute in official documentation.
China Stock Market May Tick Higher Again On Thursday
The China stock market has finished higher in three straight sessions, advancing almost 110 points or 3.3 percent along the way. The Shanghai Composite Index now rests just above the 3,590-point …
China-EU investment deal: Beijing calls on France to help unfreeze debate, shelved over sanctions
Chinese commerce minister Wang Wentao made the request in a video call with French trade minister Franck Riester after the European Parliament halted discussions last week.
U.S. agricultural exports to China to hit record high: USDA
U.S. agricultural exports to China are expected to hit a record high of 35 billion U.S. dollars in fiscal year (FY) 2021 that ends on Sept. 30, eclipsing the previous record of 29.6 billion dollars…
World Faces Longer Supply Shortage as China’s Factories Squeezed
Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.
Biden orders US intel to further probe origins of COVID-19, raise ‘questions for China’
President Joe Biden is asking the U.S. intelligence community to “redouble their efforts” and submit another report to him within 90 days on the origins of COVID-19.
GOP senator miffed over busted deal seeks to block China bill
Mike Crapo (R-Idaho), the top-ranking Republican on the Senate Finance Committee, is rallying colleagues to block Senate Majority Leader Charles Schumer ’s (D-N.Y.) China bill because Schumer quashed …
China’s Scrutiny of Corn Imports Spurs U.S. Cargo Cancellations
China is clamping down on some corn imports amid concern that overseas purchases have spiraled out of control, prompting several feed mills to cancel their U.S. cargoes.
China restricting corn imports
A market analyst says corn is one of the U.S. commodities being “punished” by a sudden shift in Chinese trade policy. Global Commodity Analytics president Mike Zuzolo tells Brownfield customs …
