Huawei said Monday that U.S. sanctions on the company are partly to blame for the ongoing global chip shortage that’s the subject of a White House conference on Monday. Eric Xu, Huawei’s rotating chairman, said the sanctions imposed over the last two years on the Chinese tech company are, “hurting the global semiconductor industry” because they have […] Read more
China’s leadership in the digital currency space is turning a larger spotlight on U.S. initiatives, but similar efforts stateside aren’t likely any time soon. With its entry into the still-sparsely populated world of central bank digital currency, China takes a society that already leans heavily on electronic payments and mainstreams it. This also gives the […] Read more
The United States and Europe pledged deeper cooperation on countering China on Wednesday, with an agreement to start a formal US-European Union dialogue on the issue and a pledge by Nato to close ranks with “like-minded democracies” in the Asia-Pacific region. “We decided to continue meetings at the senior official and expert levels on topics […] Read more
BEIJING — China has recovered so rapidly from the coronavirus pandemic that authorities are pulling back support for the economy more quickly than they did following the 2008 financial crisis, according to Allianz. Back then, massive Chinese stimulus helped boost growth worldwide. This time, China’s focus on tackling problems at home will not provide the […] Read more
Agriculture Secretary Tom Vilsack believes China is making good on promises it made as part of the landmark phase one trade deal it signed with the U.S. last year. Vilsack said that the deal allows for market conditions to dictate how much Beijing is required to purchase from U.S. farmers. The Covid pandemic, he added, would […] Read more
China dethroned the U.S. last year to become Europe’s top trading partner for the first time, data from the European statistics office has shown. European Union exports to China grew by 2.2% last year and imports rose by 5.6%. In comparison, exports to the U.S. dropped by 8.2% and imports fell by 13.2%. The latest figures, […] Read more
Secretary of Defense Lloyd Austin will meet with members of the world’s most powerful military alliance on Wednesday for the first time since joining the Biden administration. NATO meets Wednesday and Thursday to discuss an array of challenges facing the 30-member group. The virtual meetings will be a glimpse into President Joe Biden’s foreign policy […] Read more
Sinovac Biotech said on Saturday that its unit’s Covid-19 vaccine has been formally approved for use by the general public by China’s medical products regulator. It marks the second Covid-19 vaccine green-lighted for public use in China, after a shot developed by a Beijing institute affiliated to state-owned China National Pharmaceutical Group (Sinopharm) was approved in […] Read more
The U.K. has introduced new measures to root out the presence of alleged forced labor in China’s Xinjiang region in British supply chains. China is accused of extrajudicially detaining over 1 million Uighur Muslims and other minorities in political re-education camps in the northwestern autonomous region, along with invasive surveillance, restrictions on Uighur culture and […] Read more
China on Thursday tried to draw parallels between the U.S. riot on Capitol Hill and pro-democracy unrest in Hong Kong that took place two years ago. Chinese state media avoided sharing too much opinion on the news, though state-backed tabloid Global Times showed photos of the chaos in both riots and highlighted what it said […] Read more
