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China Breaks Silence On Tariff Impact, Says Trump Policies Are Hurting Its Airlines And Boeing
Tuesday, April 29, 2025 - 3:56am | 582The Chinese commerce ministry stated that U.S.-imposed tariffs have adversely affected Chinese airlines and Boeing (NYSE:BA). The ministry has called on Washington to consider the grievances of these companies and promote a stable trade environment. What Happened: This marks Beijing’s first...
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China's Sanctions On Trump Key Officials For Their 'Crazy Moves' May Complicate Ex-President's Second Term, US-China Diplomacy: Report
Thursday, September 12, 2024 - 10:27am | 601Ahead of the 2024 presidential elections, former President Donald Trump is campaigning for a second term with a strong anti-China stance. However, if elected, Trump and China’s leaders will face a unique challenge: many of his potential foreign policy appointees are sanctioned by China and...
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Sharpie Pens Maker Plans To Reduce China Dependence Amid Tariff Tensions With US
Wednesday, August 7, 2024 - 7:34am | 485In a move to mitigate tariff uncertainties, Newell Brands (NASDAQ:NWL), the firm behind Sharpie pens, is shifting some of its production out of China. The company’s writing business manufacturing will be relocated to Tennessee. What Happened: CEO Chris Peterson clarified that this shift in...
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Xi Jinping's Government Hopes US Firms Can 'Play A Strong Role' In China's Economy As Top Executives Visit Beijing
Tuesday, July 23, 2024 - 9:47am | 648The Chinese government expressed its desire for U.S. firms to play a significant role in its economy after top U.S. executives engaged in a meeting with Chinese officials. What Happened: The delegation, led by FedEx Corporation (NYSE:FDX) CEO Raj Subramaniam, met with Chinese Vice-Premier He Lifeng...
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Goldman Sachs Turns Bearish On Chipmakers, Advises Hedge Through Put Options: China Remains 'A Major Risk For The Sector'
Friday, July 19, 2024 - 11:38am | 636Goldman Sachs analysts have turned surprisingly bearish on chipmakers, advising investors to hedge their exposure to the sector by purchasing put options. In a note shared Friday, analyst Arun Prakash, CFA, cautioned about the potential for further downside in the semiconductor sector in the near...
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ASML-Backed University Finds Itself Caught In The Middle Of US-China Chips War
Tuesday, July 16, 2024 - 9:13am | 617In the escalating U.S.-China chip war, the Eindhoven University of Technology, a significant talent source for ASML Holding NV (NASDAQ:ASML), finds itself under increasing scrutiny from the U.S. The Netherlands, a primary source of machinery and expertise for advanced semiconductors, is under...
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Morgan Stanley's Former Exec Slams US For 'Sinophobic' China Policy: 'Never Seen In My Adult Lifetime An Adversary That's Been So Vilified'
Monday, July 15, 2024 - 9:55am | 769In a recent episode of the Odd Lots podcast by Bloomberg, Stephen Roach, senior fellow at Yale Law School and former chairman of Morgan Stanley Asia, issued a stark warning about the current U.S. policy towards China. What Happened: Roach, a seasoned expert on Asian economies, cautions that the...
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China Uses AI-Powered 'Kill Web' To Counter Boeing's US Electronic Warfare Aircraft In South China Sea: Report
Monday, July 15, 2024 - 6:09am | 543The People’s Liberation Army (PLA) Navy of China has reportedly unveiled its strategies and technology to counter U.S. electronic warfare aircraft in the South China Sea. What Happened: A peer-reviewed paper published in the Chinese academic journal “Radar & ECM” by PLA Navy...
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US Has Better Global Image Than China, Survey Reveals
Wednesday, July 10, 2024 - 10:07am | 571The latest survey from the Pew Research Center reveals a stark contrast in the global perception of the United States and China. According to the survey, the U.S. enjoys a significantly more favorable image than China in 35 high-and middle-income countries. What Happened: Published on Tuesday, the...
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Economist Slams US Policies To 'Contain' China Bringing Nations 'Close To War'
Monday, July 8, 2024 - 10:50am | 510Renowned American economist Jeffrey Sachs attributed the escalating tensions between the U.S. and China to the U.S.’s anxiety over losing its global dominance. What Happened: In a recent interview, Sachs criticized the U.S.’s defensive reaction to China’s success, which he...
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China's AI Leader iFlytek Projects $65M Loss Amid Heavy Investments And Rising US Pressure
Monday, July 8, 2024 - 9:35am | 475iFlytek, a prominent artificial intelligence (AI) technology firm in China, predicts a loss of nearly $65 million for the first half of 2024 due to heavy investments amid mounting pressure from the United States. What Happened: iFlytek released an earnings preview over the weekend, indicating a net...
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'Temu Is Functionally Malware': Arkansas AG Files Lawsuit Against Chinese Retailer, Calls It A 'Data Theft Business'
Wednesday, July 3, 2024 - 3:27pm | 514Increasingly popular Chinese online budget retailers, such as PDD Holdings‘ (NASDAQ:PDD) Temu, offer products at dirt-cheap prices. One U.S. state launched a lawsuit against Temu for deceptive practices amid greater geopolitical escalation between the U.S. and China. What Happened: Arkansas...
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China Revives 'Panda Diplomacy' With US After Two Decades
Thursday, June 27, 2024 - 9:59am | 582In a move signaling a thaw in relations with the West, China is dispatching giant pandas to the U.S., a first in over two decades. This move marks a resumption of China’s “panda diplomacy.” What Happened: Two four-year-old pandas, Yun Chuan and Xin Bao, have departed from China...
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US Envoy Slams China For Undermining Diplomatic Relations: '...Taking Dramatic Steps To Make It Impossible'
Tuesday, June 25, 2024 - 11:06am | 549The U.S. Ambassador to China, Nicholas Burns, has leveled serious accusations against Beijing, stating that it is actively sabotaging diplomatic relations between the two nations. This comes despite an agreement in November to enhance engagement between ordinary Chinese and American citizens. What...
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Former Trump NSA Advises Former President To Cut Ties With China: 'Decouple Economy,' Deploy Marines
Tuesday, June 18, 2024 - 9:36am | 514The former national security adviser to Donald Trump, Robert O’Brien, has put forth a proposal advocating for the severance of all economic ties with China and deploying marines, should Trump regain the presidency. What Happened: The details of O’Brien’s proposals are to be...