Chinese Foreign Minister Wang Yi has used his first official phone call with his new South Korean counterpart to call on Seoul to oppose “decoupling” and to pursue an independent foreign policy. In his call with Cho Hyun on Monday, Wang urged South Korea to promote a “stable, sustainable and predictable” China policy and to…
US individuals are more likely than institutional investors to sell American depositary receipts (ADRs) of Chinese companies if the Trump administration pursues a decoupling of the world’s two biggest stock markets, according to Goldman Sachs. American retail traders held about US$370 billion worth of ADRs, the US investment bank said in a report on Wednesday,…
NEW YORK — Chinese battery makers are targeted for new restrictions in the U.S. under legislation that would bar the Homeland Security Department from procuring clean energy technology made by six companies. The House of Representatives passed the “Decoupling from Foreign Adversarial Battery Dependence Act” last week. The bill advances to the Senate, where it likely…
Since 2018, the US has frequently targeted China’s tech industry, which is heavily centered on chips. This latest action is unprecedented in its scope and depth, not only applying to exports by US manufacturers and suppliers, but also that by US, Japanese and Dutch manufacturers made in other parts of the world to certain chip…