Janet Yellen said that she along with President Biden will head Asia-Pacific Economic Cooperation (APEC) Leaders’ Week later this month in California.
BUSINESS
China’s Premier Li to Make Key Speech at Shanghai Economic Forum
HONG KONG (Reuters) – China’s Premier Li Qiang will attend the opening ceremony and make a keynote speech at the 6th China International Import Expo and Hongqiao International Economic Forum held in …
EXCLUSIVE-PetroChina aims to resume Venezuelan oil imports after 4-year pause
HOUSTON/SINGAPORE, Nov 2 (Reuters) – China’s PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA, according to four people familiar with …
India regains its economic swagger as China stumbles
The Modi government, which aims to make India a $5 trillion economy by 2025, is certainly laying the groundwork to make it easier to do business and attract more companies to invest. Much like China…
$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express
Due to such a rise in wire fraud involving cryptocurrencies, China’s Central Government has cracked down harshly on crypto-related activities in the country, although there have been some signs of …
Burberry China: CIIE proves China’s dedication to reform and opening up
National Exhibition and Convention Center (Shanghai), the main venue for the 6th China International Import Expo (CIIE), in east China’s Shanghai. (Xinhua/Wang Xiang) There has been increasing demand …
US economic approach to China must be ‘serious, clear-eyed’, says Treasury Secretary Janet Yellen
While reiterating Washington seeks not to decouple from Beijing, treasury secretary outlines strategy to expand trade in the Indo-Pacific Ensuring national security and advancing human rights form …
Starbucks CEO targets growth in China after years of slowdowns from Covid restrictions
Starbucks CEO Laxman Narasimhan spoke with CNBC’s Jim Cramer on Thursday after the coffee giant reported its fourth-quarter earnings, which beat Wall Street expectations. Narasimhan detailed the …
DLA Piper ‘Very Comfortable’ Operating in China Amid Tensions
DLA Piper is not souring on the China market despite escalating geopolitical tensions and a security clampdown in Beijing, according to the law firm’s leader Frank Ryan.
Apple Sales Decline as China Market Weighs on Earnings Report
Sales fell for the fourth straight quarter, including a decline in China that came as the company faces a broad economic slowdown in the country and new competition from rival Huawei Technologies.
Apple Warns of Sluggish Holiday Quarter After China Slowdown
“The sales miss in China is discouraging and could have been caused by soft … In one potentially ominous sign, Qualcomm said that its smartphone chip business saw a 35% increase from Chinese phone …
Reflexively Stopping U.S. Trade With China Serves No Purpose
The U.S. is right to limit Chinese companies’ access to militarily sensitive equipment, but construing this to limit trade in nonsensitive sectors harms the U.S. economy.
China to use blockchain for cross-border payments
China is set to revolutionize the way cross-border payments are managed by integrating blockchain technology into the heart of its financial transactions. This groundbreaking approach is not just a …