China is framing the West’s concerns about overcapacity as protectionism, and as moves aimed at curtailing the country’s economic development.
Monthly Archives For April 2024
Yellen calls for level playing field for US workers and firms during China visit
Huawei has been hit hard by US restrictions on semiconductor exports to China and is at the vanguard of Chinese efforts to become self-sufficient and a leader in technology. Government subsidies and …
Yellen says global concerns growing over China’s excess industrial capacity
U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China’s excess manufacturing capacity, making the issue the main focus of four days …
Google Files Lawsuits Against Chinese Nationals for Promoting Fraudulent Crypto Apps on Play Store: Report
In the lawsuit filed by Google, the company has alleged that the two Chinese nationals were luring people to engage with scam crypto apps, getting them to deposit funds and later blocking access to …
China seems less in love with electric cars too — and that’s bad news for Elon Musk
Ongoing price wars and a faltering economy have dampened Chinese demand for electric cars. That’s hit sales for Tesla and China’s BYD too.
China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods
Emerging economies have joined the U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports.
Yellen calls for China to tackle manufacturing glut, level playing field for U.S. workers, companies
U.S. Treasury Secretary Janet Yellen kicked off a trip to China on Friday with a morning meeting to hear the concerns of American, European and …
Luxury brands lead ESG push in China’s retail sector
Recent reports showed that LVMH has cut energy consumption by 10% and greenhouse gas emissions by 11% from October 2022 to October 2023. In 2023, luxury brands accounted for 66% of all LEED-certified …
South China Sea: Beijing could do more to ease tension and build trust with neighbours, experts say
Boao Forum for Asia told China could offer up ‘public good’ in effort to build trust with Asean neighbours. Marine environmental protection, scientific research and search-and-rescue among arenas …
Yellen says concerns are growing over impact of China’s excess capacity
U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China’s excess manufacturing capacity, as she kicked off a four-day visit to China.
China increases grain imports
China has been experiencing a steady increase in grain imports, Xinhua reports, citing official data from the Ministry of Agriculture and Rural Affairs of China. Thus, in January-February 2024, China …
Yellen Says US, China Worked on Exercise for Dealing With Large Bank Failure
GUANGZHOU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that the United States and China have worked on an exercise for jointly dealing with a large bank failure in either country.
China’s green-tech manufacturing boom draw concern of overcapacity
This was driven by a 77.6 per cent jump in new energy vehicles (NEVs) – including all-electric and plug-in hybrids – to more than 1.2 million units, state media reported, citing data from the China…
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