There’s a whispering unease in Asia’s economic corridors. It’s not the wind; it’s the economic chill emanating from China’s downturn. With a decelerating growth rate, China, the juggernaut of the …
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Raimondo says it’s in China’s ‘interest to be less antagonistic to US business’
Commerce Secretary Gina Raimondo hinted that China’s own self-interest ought to inform a better relationship with the United States.
US-China decoupling? Washington calls it ‘de-risking’, but Beijing blasts ‘zero-sum cold war mindset’
Reassurances from US Commerce Secretary Gina Raimondo in China this week may have fallen on deaf ears as tech-containment efforts and supply-chain shifts persist China’s ministries of commerce and …
Firms listed on Shenzhen bourse report revenue, profit growth in Q2
As of Aug. 31, a total of 2,812 SSE-listed firms have disclosed their semi-annual reports. These enterprises raked in a total of 5.2 trillion yuan (about 724.36 billion U.S. dollars) in operating …
Man placed under investigation for creating “gold rush” in flood-hit Beijing suburb
A man in Beijing threw brass granules into a river in Fangshan District, which had just experienced floods. He fabricated the gimmick of the “gold rush” to attract some nearby residents to go to the…
Amid Crypto Bans, Chinese Judiciary Upholds Virtual Asset Rights
A report from a Chinese court recognizes virtual assets as legal property. China’s courts differ from the country’s general stance on crypto assets. In a significant move, a Chinese court has released …
Raimondo warns China patience of US business is ‘wearing thin’
U.S. Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday that the patience of U.S. business was “wearing thin,” saying American companies deserved a “predictable …
Commerce secretary says US has ‘open lines of communication’ with China
The economic relationship between the US and China is mutually beneficial and opening lines of communication is key to maintaining it, US Commerce Secretary Gina Raimondo told CNN’s Dana Bash on …
I ‘didn’t pull any punches’ with China after they hacked my email, Raimondo says
Commerce Secretary Gina Raimondo discusses the value and future of U.S.-China competition following a trip to Beijing.
China planning ‘innovative’ export controls as trade tensions with US rumble on
A meeting held by the Ministry of Commerce heard that the world’s second biggest economy must respond to a ‘severe and complex’ situation Beijing has recently banned the export of two rare metals and …
China A Serious Risk To U.S. Manufacturers, CEOs Tell House Committee
New laws, like Biden’s Inflation Reduction Act, promise to give Chinese multinationals millions in tax credits.
Commerce Secretary Gina Raimondo says business leaders are “very worried” about a government shutdown
Commerce Secretary Gina Raimondo said this weekend that U.S. business leaders are “very worried” about a partial federal government shutdown if Congress cannot pass a short-term funding measure ahead …
Why youth unemployment is surging in China
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world’s second-most populous country also has a major youth unemployment problem. China’s …