China is allowing local officials to invest in more areas with a key government bond while also simplifying its approval process in a bid to make better use of an important source of public funding to drive the economy. Local governments can use their special bonds to invest in projects as long as they’re not…
What’s New NATO’s military capabilities face significant risks from China’s near-total dominance in seven critical materials essential to defense technologies. Newsweek reached out to the Chinese Foreign Ministry and U.S. Department of Defense by email with a request for comment. Why It Matters Earlier this month, NATO‘s 32-member defense grouping published a report identifying “12…
What’s New China has significantly increased its semiconductor imports this year as it braces for an escalation in its tech war with the U.S, potentially brought on by the changing of the guard in Washington. Customs authorities reported that China imported 501.47 billion integrated circuits, essential components for electronic devices, in the first 11 months…
Chinese firms from carmakers to miners are ramping up their overseas spending, adding to pressure on the yuan amid an accompanying exodus of foreign capital. Chinese non-financial companies invested almost $129 billion outside the country in the first 11 months of this year, according to government dataBloomberg Terminal released Thursday. That puts outflows for 2024…
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….
China’s recent decision to ban exports of several critical minerals has dealt a blow to key American industries, underscoring the high stakes in the ongoing trade war between the world’s two largest economies. Last week, China’s Commerce Ministry announced new export bans on shipments of antimony, gallium, germanium, and “superhard materials” to the United States….
China shipped near-record volumes of aluminum in November as exporters rushed to benefit from tax discounts that were canceled from the start of this month. Beijing last month announced it would withdraw a tax rebate of 13% that for years has helped juice overseas sales of aluminum. The move appears to have triggered a selling…
Beijing has set out to extend its domestic laws across international borders with a ban on selling some goods to the US that applies to companies both inside and outside China. The first use of new export control rules attempts to replicate the extraterritorial reach of US and European sanctions by covering Chinese products or…
President-elect Donald Trump has promised to impose 10% tariffs on all imports from China as soon as he takes office next month. But that might be difficult to achieve fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting of how much is actually…
The European Union should guard against Chinese attempts to dominate the bloc’s clean-tech market and make sure its exports aren’t destroying local rivals, the bloc’s new competition chief warned. In her first interview since becoming the EU’s antitrust commissioner, Teresa Ribera told Bloomberg that Europe and the US failed in recent years to anticipate the…