The legislation would counter China's economic influence by pouring federal money into key industries like semiconductors.
Saber-rattlers think we can't cooperate with and confront China. They are wrong and delusional about where the US-China relationship is right now.
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 […]
The US and China could be headed for a “new cold war” that lasts a generation and would force countries to choose sides, CNBC reported a China analyst of Fitch Solutions as saying. Despite countries in South Asia intending to maintain friendly relations, they would be forced to side with […]
The failure of the US to effectively combat the COVID-19 crisis has opened the door to China becoming the world’s dominant superpower, former Fed chairman Alan Greenspan has said. The US looks like it has “lost its way” while China is on track to achieve President Xi Jinping’s ambition to […]
US stocks slipped on Friday after China ordered the closure of the US’s consulate in Chengdu, ratcheting up tensions between the economic superpowers. The escalation comes after the US made a similar order on Wednesday and revived fears of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel […]
US stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China. Concerns of a fresh US-China conflict intensified after the US ordered the closure of China’s consulate in Houston. China fired back soon after, vowing to implement “firm countermeasures.” Earnings […]
Longtime market bull Ed Yardeni sees escalating US-China tensions and rising coronavirus cases placing significant pressure on the stock market’s steady rise. Equity prices could slide 20% to 30% if the growing risks catch up with investors’ hopes for a smooth economic recovery, Yardeni said on CNBC. The strategist’s comments […]
US stocks slipped on Friday ahead of President Donald Trump’s news conference on China. US consumer spending in April also posted the biggest drop on record as the personal savings rate jumping to a record 33%, from 12.7%. Oil slumped but is on track for its best month ever. Read […]