Treasury Secretary Janet Yellen is on a mission to repair the fragile yet vital relationship between the United States and China. That mission will kick into high gear next year.
BUSINESS
Janet Yellen says the Trump administration’s China policies left the US more vulnerable
Treasury Secretary Janet Yellen says former President Donald Trump’s economic policies toward China left America “more vulnerable and more isolated” in the global economy.
SMM Analysis Of China Stainless Steel Import And Export Data In October And November
Imports: China’s stainless steel imports stood at 321,800 mt in October, up 27% MoM but unchanged from last year, according to SMM statistics.
China’s economy is heading deeper into deflation
Deflation is a manifestation of the deep problems within the world’s second-largest economy. The big picture: China’s economy has stumbled as it tried to emerge from the government’s zero-COVID lockdown policies.
China: Millions blacklisted for debt as loan defaults hit record high
After online payment platforms like Alipay and WeChat replaced cash as the most used payment method in China, many stores refused cash payments, and some defaulters said it had become difficult for …
Blockchain-managed IDs arrive in China with new government-backed scheme aiming to reduce data leaks
A new system from China’s Blockchain-based Service Network and the Ministry of Public Security uses real-name verification for cryptographic keys published on a blockchain.
China is still the top dog in commodities, but it’s bark is changing: Russell
Unlike crude oil, where China can source from multiple producers, iron ore supply is highly concentrated, and dominated by just two producers, Australia and Brazil. China also currently lacks a …
China to import more Vietnamese fruits
China is set to import more fruits from Vietnam as the two countries seek to increase trade following the visit to Hanoi by Party General Secretary and President Xi Jinping.
Therapeutic Goods Administration flags four dangerous health imports from China
The TGA has issued warnings about dodgy pills being shipped to Australia from China, with one product including ingredients that have been banned since 2010. Tablets labelled ‘Maximum Powerful’, …
Arkansas investigating companies, crypto-mines with possible ties to Chinese government
Arkansas’ secretary of agriculture requested the state’s attorney general to investigate two companies he believes has ties to the Chinese government.
Senior Taiwan opposition leader visits China month before election
A senior leader of the Kuomintang (KMT), Taiwan’s main opposition party, is in China for meetings with the Taiwanese community, his party said on Thursday, a highly sensitive visit one month before …
US Lawmakers Target China Through Export, Sanctions Bills
A House panel moved toward advancing four measures intended to make the US Commerce Department tougher on China, including bills that would mandate more transparency about licensing decisions and give …
Steps to lift trade will spur exports
The country in the past had emphasized long-term advantages, such as a well-developed industrial system and competitive labor quality, for foreign trade growth. However, it is currently paying more …
