(Reuters) -A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, the Washington Post reported on Tuesday, citing several people familiar with the matter. Mao, who works in Wells Fargo’s international factoring business,…
By Greg Torode HONG KONG (Reuters) -China will attempt to further boost its recent strategic diplomacy and power projection efforts as it hosts its annual security forum this week amid roiling regional tensions. Foreign diplomats and security analysts say they expect Chinese officials will use the Beijing Xiangshan Forum to push President Xi Jinping’s vision…
By Lewis Jackson and Amy Lv (Reuters) -U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include…
Chinese officials including Vice Premier He Lifeng began their latest round of trade talks with a US delegation in Madrid (Thomas COEX) China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump’s promised hefty…
China’s coal and gas usage declined this summer despite increasing electrical demand, according to Bloomberg. Chinese officials asked coal producers to cut back on output, leaving renewables and storage to meet electrical demand. While that might strain energy production, the government only needed to get a small number of factories to lower electrical demand for…
(Reuters) -China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that Beijing wants the Trump administration to relax export…
(Reuters) -China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that Beijing wants the Trump administration to relax export…
By David Lawder STOCKHOLM (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty. Wrapping up two days of U.S.-China trade talks in Stockholm, Bessent…
[Source] China has blocked at least two Americans — a Commerce Department employee and a Wells Fargo banker — from leaving the country in recent weeks, according to reports. Who’s stuck The Commerce Department employee, who works under the Patent and Trademark Office, has been barred from leaving China for months after reportedly failing to…
President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party…