Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a person familiar with the matter told Reuters on Thursday. The U.S. banking giant’s Chenyue Mao was …
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Wells Fargo suspends China travel after employee exit ban, source says
U.S.-Based Wells Fargo Banker Blocked From Exiting China, WSJ Reports
Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar …
China Has Been Stockpiling Gold—Analysts Say Actual Reserves May Be Double: A Threat To The US Dollar?
China’s central bank has been amassing gold reserves, a move that could have significant implications for the global economy and the dollar.
China’s tightest rare-earths headlock is financial
Beijing’s 91% grip on materials vital to defence and electric vehicles is down to its scale, but also its lead in processing. The mining sector can’t replicate China’s subsidised model, which runs on …
US-China trade deal may resemble phase 1 agreement from Trump’s first term: ex-official
Washington could push Beijing to buy more American goods – but deeper issues likely to go unaddressed, ex-Trump administration official says.
ByteDance surpasses Meta, plus Jensen Huang’s fruitful trip in Beijing
This was originally published in the Artificial Intelligencer newsletter, which is issued every Wednesday. Sign up here to learn about the latest breakthroughs in AI and tech.
China Reacts As Russia Floats New Geopolitical Power Bloc With India
China has welcomed a Russian proposal for the restoration of a three-member bloc with India, saying cooperation would be in their interests and would contribute to peace and security, raising the …
Mexico Surpasses China As Top U.S. Import Source in 2024
New data shows Mexico has claimed the top position from China, with a 6.4% increase in import value over the previous year.
This China Online Trading Name Gains New Customers, Adds Crypto Capabilities
China-based online trading company UP Fintech Holding TIGR continues to grow its customer base and accumulate assets. The stock fell off the IBD Sector Leaders list following Wednesday’s 4.3% drop and …
Starbucks Stock Downgraded. Why Its Strategy and China Business Are Big Concerns.
Coupled with the coffee chain’s “questionable strategic priorities,” such as a lack of a focus on cold beverages and drive-through outlets—on which much of the industry is focused—Starbucks has “no …
China’s exporters shrug off the trade war—for now
How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce …
China’s child-snatching business
C hina’s one-child policy was not only cruel; it was a failure. Decades of shackling women to beds and forcing them to undergo abortions certainly reduced the birth rate. But it had been falling …
Nvidia to Resume China AI Chip Sales Amid U.S. Rare Earth Talks
According to the company, the United States has assured Nvidia that it will receive the necessary export licenses soon. Nvidia had previously projected a $15 billion revenue loss …
