The president of USA, Joe Bidensaid Sunday that he had held his highest-level talks with Chinese leaders in months, and that China’s economic difficulties Beijing they would not lead him to invade Taiwan. Biden said he met with Chinese President Xi Jinping’s number two, Chinese Premier Li Qiang, at the annual G20 summit in New […]
Tag: China
Biden signs strategic partnership agreement with Vietnam to counter China
The president of United States, Joe Bidenand the highest Vietnamese authority, Nguyen Phu Trongtoday signed an agreement that elevates the bilateral relationship to a strategic partnership, which represents further progress in the US plan to counteract China’s influence. “This new status will be a force for prosperity and security in the region, one of the […]
The yuan plummets to 16-year lows against the dollar on doubts about the Chinese economy
The yuan, the Chinese currency, reached its lowest levels against the dollar this week for 16 years, a fall that analysts cited by the local press attribute to doubts about China’s economic recovery. China and the cooling of economic activity. The onshore exchange rate – negotiated in local markets – reached 7.3286 yuan per dollar, […]
Chinese foreign trade contracts again in August, but at a slower pace
The China exports and imports they contracted again in August, but at a lower rate than the previous month and better than expected by analysts, according to official data published on Thursday. Exports from the world’s second largest economy fell 8.8% year-on-year against 14.5% in July, the customs authority said. Imports also fell by 7.3% […]
Apple falls on the stock market due to iPhone ban in China
The actions of Apple Inc. suffered their worst drop in a month following a report that Chinese government agencies had banned staff from using iPhones and other foreign-branded devices at work. The employees of “some“Central government regulators received instructions via chat groups and meetings to stop bringing such devices into the office, The Wall Street […]
Chinese “father of electric vehicles” calls for expanding their use
Wan Gang, Chinese adviser on industrial policy and “father of the electric vehicles”said that the efficiency of the batteries, the improvement of the architecture of the cars and the intelligent driving systems are fundamental for the development of the electromobility. Wan, president of the World New Energy Vehicle Congress (WNEVC) in Munich, said hydrogen-powered fuel […]
Global copper smelter stabilizes in August despite rebound in China
The global foundry activity copper remained practically stable in August, with a rebound in China, The top refinery producer, offset by weak measures elsewhere, data from satellite monitoring of oil processing plants showed on Tuesday. metals. Only four of the 37 primary smelters being monitored in China were idle at the end of last month, […]
Global construction sand extraction nears sustainability limit
The first platform to monitor the global extraction of sand, a resource widely used in sectors such as construction, concluded that humans drain between 40,000 and 80,000 million tons of this material per year, a figure that is growing and could become unsustainable, he warned. Today the UN. The platform, called Marine Sand Watch and […]
Chinese economic miracle: from mirage to face reality
The first big reform plans of the Chinese president Xi Jinpinga decade ago, were also the boldest: they envisioned a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was intended to fix an outdated growth model more suitable for less developed countries; Yet most of those […]
Raimondo warns China that the patience of US companies “is running out”
The Secretary of Commerce of USA, Gina Raimondowarned China in interviews broadcast on Sunday that the patience of corporate America is wearing “running out”stating that they deserve a “predictable environment and a level playing field”. The world’s two largest economies used to be its biggest trading partners, but Washington now trades more with neighbors Canada […]