In some of his harshest comments ever made about China, Biden called the country “xenophobic” and said it had more retirees than workers.
Monthly Archives For April 2024
‘There is no time to waste’: EU leaders want to boost competitiveness to close gap with US and China
European Union leaders are debating at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals.
China reports 4 times more cross-border trips by foreigners, but total still below pre-pandemic levels
More than 13 million foreigners enter or exit mainland China in the first quarter of 2024 after Beijing introduces visa-free policies for countries in Europe and Southeast Asia.
China sounds alarm after Philippines and US announce ‘mega drills’ involving 16000 soldiers
The joint military drill, involving 16,700 American and Filipino soldiers, will stimulate exercises of sinking a target ship, retaking an island and sailing in waters that have remained a flashpoint between China and countries like…
China’s c.bank says has policy room but credit demand slows
There is still room for China’s central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior …
China unloads more US Treasury bills as odds of Fed rate cuts grow slim
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.
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.
Biden calls China ‘xenophobic’; Beijing says he may be referring to US itself
The rhetoric is meant to drum up support from blue-collar workers ahead of the November elections. Read more at straitstimes.com.
China foreign ministry welcomes Blinken’s visit to China as tensions simmer
China’s foreign ministry on Thursday welcomed U.S. Secretary of State Antony Blinken’s visit to China as tensions rise between the two countries over global trade, regional conflicts and the Russia-Ukraine war.
China’s Youth Unemployment Level Remains Steady in March
China reported a steady rate of youth unemployment in March after an official warned that joblessness among young Chinese needs more scrutiny.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
South China Sea: will Beijing ramp up military presence after ‘very strategic’ deployment of US missile system?
Mid-range launcher now in the Philippines is a ‘powerful weapon’ capable of retaliatory strikes on mainland China, analysts say.
Europe wants 2 things from China. It may not get far on either of them.
BEIJING — Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. Second, a reduction in the trade imbalance — Chinese goods exports to the EU…
