"For the first time in human history, humanity has the capacity to extinguish itself in a finite period of time," Kissinger said.
Yes, the GOP wants to counter China. Yes, it wants to break up Big Tech. But only if the Democrats get mad about it.
Chinese diplomats said the US should focus on issues like Black Lives Matter, not meddling in internal affairs regarding Hong Kong and Xinjiang.
Before the end of its term, the Trump administration tried to paint the incoming Biden administration as soft on China. The thing is, Trump’s team and Biden’s team agree that it’s time to take a more aggressive posture on competition with China. It’s just that Biden’s team has more effective […]
US-China relations have taken a nosedive over the last few months. Instead of focusing on the trade war, the Trump administration is laser focused on even more contentious parts of the relationship in an attempt to push US policy toward a harder line before it leaves power. Meanwhile China has […]
S&P Dow Jones Indices will drop securities from 21 Chinese companies in line with an executive order issued by President Donald Trump that limits US investment in some Chinese firms. Hikvision, SMIC, CRRC, and seven other companies will be deemed ineligible from S&P’s equity indices before December 21. S&P DJI […]
The question is not when or whether the US and China will decouple. Decoupling has already begun, and the questions now are how deep it will go and how smoothly it will be carried out. As Beijing has flexed its muscles in Asia and around the world, the US – […]
Industrial stocks slid on Monday after China announced sanctions against US defence firms for their proposed weapons sales to Taiwan. The country will sanction Boeing,Raytheon, and Lockheed Martin for their participation in the $US1.8 billion arms deal, Chinese Foreign Ministry spokesman Zhao Lijian said in a statement. The S&P 500’s […]
US president Donald Trump’s COVID-19 diagnosis will boost China’s international reputation, the CEO of think-tank Atlantic Council Fred Kempe said in a CNBC opinion piece over the weekend. Trump and first Lady Melania Trump tested positive for coronavirus on Friday. Kempe said: “Chinese officials will embrace this period as additional, […]
HSBC posted its biggest one-day jump in 11 years after China’s Ping An Insurance, its largest shareholder, boosted its stake to 8% in the British bank. The Chinese insurer bought 10.8 million shares in HSBC at an average price of HKD 28.29 ($US4.04) through its investment arm, Ping An Asset […]
TikTok’s owner ByteDance is reportedly seeking a valuation of $US60 billion for its US operations. ByteDance reached an agreement with Oracle and Walmart this weekend, under which both companies will take a 12.5% and 7.5% share respectively in the Chinese firm. Both companies will pay a combined $US12 billion if […]
The World Trade Organisation ruled on Tuesday that the US’s tariffs on Chinese goods violated international trade rules, according to Bloomberg. Three panelists found that the Trump administration’s tariffs on more than $US400 billion worth of Chinese exports unfairly targeted the country and skirted the WTO’s dispute-settlement body. The decision […]
Hermann Hauser, the cofounder of chip designer Arm, wrote a letter to the UK Prime Minister urging him to block Nvidia from buying the firm from Softbank in a $US40 billion deal. Nvidia’s acquisition of Arm could ‘destroy’ the firm’s business model, may force hundreds of its customers across the […]
TikTok’s parent company ByteDance won’t be selling off TikTok’s US operations after all, Reuters reported Monday. Instead, ByteDance is trying to set up a partnership with Oracle, allowing the US tech giant to manage TikTok’s US user data. Microsoft announced on Sunday that its bid to acquire TikTok US had […]
China outlined a new global data security initiative on Tuesday, and called on other countries to sign up. The initiative is a retaliation against the US’ “Clean Network Initiative” which it unveiled last month and is aimed at keeping Chinese internet infrastructure sealed off from the US. China’s foreign minister […]
Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US stocks fluctuated on Monday as traders weighed the ongoing economic recovery against climbing COVID-19 cases and lingering US-China tensions. The benchmark S&P 500 remains on pace for its best August since 1984. Still, coronavirus cases continue to climb in the US. And, tensions between the US and China are […]