New data show that China effectively bought none of the additional $200 billion in goods it promised to as part of a 2020 trade deal.
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SoftBank Group begins to pitch Arm IPO as Nvidia gives up on deal
While an IPO now is SoftBank’s fallback … starting with Alibaba Group Holding Ltd – the e-commerce leader at the heart of Beijing’s crackdown on the internet sector’s biggest players. He emphasised …
U.S. posts record trade deficit in 2021 on surging imports
Shipments to China rose 21.4% to $151.1 billion. But with imports from China increasing 16.5% to $506.4 billion, the politically sensitive trade deficit with Beijing increased to $355.3 billion last …
$355,301,700,000: U.S. Trade Deficit With China Tops $300 Billion for 10th Straight Year
That included $307,610,800,000 in exports to Canada and $357,159,800,000 in imports, resulting in a deficit of $49,549,000,000. The top two products that the United States imported from China, …
U.S. December exports to China drop, cementing ‘Phase 1’ purchases shortfall
U.S. goods exports to China fell in December, cementing a $45 billion increase in the 2021 U.S.-China trade deficit and a major two-year shortfall in Beijing’s purchase commitments under the “Phase 1” …
China’s snowboard fans flock to buy panda boards, goggles
Canadian Mark McMorris may not have won gold in Monday’s slopestyle final but his decision to ride a snowboard adorned with a picture of a giant panda, a beloved national symbol in China, sparked an…
China’s Star Recruit Eileen Gu Wins Gold in Big Air Skiing Event
Get the Newsletter Assisted by her mother Gu Yan, she has created a marketing empire promoting a variety of major brands such as China Mobile and Anta Sportswear. “On the final jump I decided to…
SoftBank pitches IPO for Arm after deal with Nvidia falls through
Uncertainties linger around an Arm IPO, including whether the volatile semiconductor business … He said “we are in pain” over China’s crackdown on its big tech companies, which hit SoftBank …
US taste for imports drives 2021 trade gap to record $859B
But imports rose more, climbing 21% to nearly $3.4 trillion … Imported goods soared 21% last year to $2.9 trillion. Imported goods from China rose 16% to $506.4 billion last year, and the goods …
U.S. Trade Deficit With China Tops $300 Billion for 10th Straight Year
2021. That included $276,458,900,000 in exports and $384,705,500,000 in imports, resulting in a deficit of $108,246,600,000. The top two products that the United States imported from China, according …
China sparks EU panic: Exports under threat of being cut after ‘huge geopolitical move’
Mr Weichert warned that because Russia’s backing of Beijing’s “One China” policy is a “huge geopolitical moment”, that could make an invasion of Taiwan more likely. This has sparked fears that the …
U.S. Trade Gap Swells to Record in 2021 on Surge in Imports
Many of the imports came from China, despite the billions of dollars of tariffs the U.S. imposed on shipments ranging from footwear and clothing to electronics and bicycles and even pet food. The …
Teenager Eileen Gu was born in the US, but just won Olympic gold for China. Here’s why she chose to switch countries.
She also has appeared in campaigns for brands, such as Louis Vuitton and Tiffany & Co. China was certainly behind Gu on Tuesday, when she edged France’s Tess Ledeux for the gold. After landing her…
