The country aims to reduce its reliance on the dollar-based global financial system as it confronts Washington’s aggressive trade policies.
Featured Posts Title
Beijing Guoan mourns its former player Manú’s death
‘No legal basis’: US, EU and 13 nations reject Beijing’s South China Sea claims
Typhoon Bavi weakens but still brings strong winds and rain to China
Five Guys to open in Beijing as more US chains hunger for success in China
14 nations and the EU reaffirm 2016 ruling invalidating China’s claims in South China Sea
Storm Causes Mass Evacuations, Floods and Flight Disruptions in China
Temporary shelters set up as Beijing responds to continuous heavy rainfall
Recent Posts
China rolls out plan to promote its own payment system as US trade war simmers
Foreign lenders upbeat on China finance market
CHINA’S financial markets are attracting international investors amid growing global economic uncertainty, with multiple foreign financial institutions including Neuberger Berman and DBS Bank …
China’s Rare Earth Export Halt Raises Trade War Tensions
China’s recent suspension of rare earth mineral exports is escalating trade tensions with the United States, threatening global supply chains and prompting considerations of alternative sourcing …
US Treasury secretary says trade war with China is not ‘sustainable’
In a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent added that talks between the US and China had yet to formally start.
US-China Tariff De-Escalation Rumors Drive Crypto Market Toward $3 Trillion
Scott Bessent’s tariff comments briefly fueled a market rally, with Bitcoin showing resilience compared to traditional stocks.
China Mobile stakes a claim on HKBN
The current global trade kerfuffle has not diminished the strategic value of Hong Kong Broadband Networks (HKBN)If anything, it’s sharpened the resolve of the …
China’s humanoid robot half-marathon puts technology’s limits on public display
Videos of robots falling, trembling and struggling to stay upright circulated widely, with only six out of 21 finishing the race.
Trump’s treasury secretary says trade war with China is not ‘sustainable’
But in a private speech for JPMorgan Chase, Scott Bessent also cautioned that talks between the United States and China had yet to formally start.
Bessent sees de-escalation in US-China trade tensions, talks to be ‘a slog’
U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a “slog,
Trump’s Top Economic Advisor Sees ‘De-Escalation’ Of ‘Unsustainable’ China Trade War
Key Takeaways Treasury Secretary Scott Bessent said the U.S.-China tariff war is “unsustainable” and will likely “de-escalate.”Bessent’s comments fueled a stock market rally due to the prospect of a …
White House: Trump ‘setting the stage for a deal with China’
The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek to reassure nervous financial markets and investors that progress with …
U.S. doing very well on trade deal with China: White House
The U.S. is doing very well on a potential trade deal with China, the White House press secretary informed. The U.S. is doing very well on a potential trade deal with China, the White House…
Bessent believes China impasse over tariffs will de-escalate
Treasury Secretary Scott Bessent told an investor summit Tuesday that he expects the tariff war between the U.S. and China will de-escalate because the status quo is unsustainable.
