America’s top diplomat in China said he spends 80% of his time on competition with Beijing and 20% on engagement, calling it the right balance just as Washington prepares for a new administration. This approach has helped stabilize ties between the world’s two largest economies even as they continue to clash over issues including China’s…
Jeff Bezos, a target of Donald Trump’s jabs during his first term, is expected to meetBloomberg Terminal the President-elect next week. The Amazon.com Inc. founder will need the new administration’s help in the space race against fellow centibillionaire Elon Musk. If all had gone according to plan, Project Kuiper, Amazon’s challenger to Musk’s dominant Starlink…
Hi, I’m Rebecca Choong Wilkins in Hong Kong, where I’m mulling a big question: can China get people to start spending again? This week, Xiaomi unveiled its first electric SUV, Mao Geping made history as the first mainland cosmetic brand to go public in Hong Kong, and online retailers rolled out big discounts for the…
China’s economy likely maintained momentum last month, with early indicators pointing to further stabilization as a broad package of stimulus measures took effect. Industrial output and retail sales are expected to have grown at the same if not slightly faster pace in November compared to October, according to forecasts by economists in a Bloomberg survey….
US President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS reported, citing multiple sources. The invitation signals an effort by Trump to court his Chinese counterpart on the heels of threats of fresh tariffs against the world’s second-largest economy. Source link
Today’s newsletter looks at how Trump’s return to the White House is giving China a chance to become a weather superpower. You can also read and share a full version of the story on Bloomberg.com. For unlimited access to climate and energy news, please subscribe. Source link
A familiar sense of skepticism has reemerged in Chinese markets, with a fast fading stock rally signaling low expectations for a key economic policy meeting to deliver the kind of forceful growth stimulus pledged by authorities. The CSI 300 onshore equities benchmark ended Wednesday’s morning session flat. The index rallied as much as 3.3% in…
China got a head start on a looming trade war with the US by showcasing a new range of tools it’s prepared to use if Donald Trump makes good on his threat to punish the world’s second-biggest economy with tariffs. Restrictions imposed this month by the Biden administration on China’s access to vital components for…
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less…
Olga Kharif sizes up some new competition for crypto-native companies in the next presidential administration. Crypto-native firms are expected to flourish as a result of a more favorable regulatory regime under President-elect Donald Trump. This lighter regulation, however, may end up being a dual-edged sword. Source link