US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering. The talks this week marked a continuation of the sixth meeting of a bilateral economic working group and took place on the sidelines of the annual…
Who would the Chinese President Xi Jinping prefer as his next counterpart in the White House? The world’s second-largest economy is repeatedly cited as America’s greatest strategic challenge. Regardless of who wins the election next week, that won’t change. China should anticipate a tougher political climate ahead. Beijing is watching closely to see how the…
Hong Kong’s leader has warned that the United States will ultimately “reap what it sows” with its plan to clamp down on outbound investment in China’s semiconductor, quantum technology and artificial intelligence industries. Chief Executive John Lee Ka-chiu also said on Tuesday that the move by Washington was not only harmful to others but also…
Stocks climbed on Monday, the start of a busy week for corporate earnings and one with key economic data on the way that will set the stage for the next Federal Reserve decision. All major groups in the S&P 500 gained, with the exception of energy shares that joined a plunge in oil as markets…
Amazon Prime Video has announced it will stream the U.S. election with former NBC News anchor Brian Williams, as Jeff Bezos faces backlash for The Washington Post’s decision not to endorse a presidential candidate for the first time in 36 years. Bezos’ multi-trillion-dollar company released a trailer for its election coverage program, Election Night Live,…
Observers also expect Beijing will place greater emphasis on self-reliance in artificial intelligence (AI) in response to potentially increasing pressure from Washington and its allies, signalled by the White House’s new directive on the technology. The Biden administration outlined the nation’s “first-ever” strategy for harnessing powerful AI in United States military and intelligence agencies while…
Israel’s assaultBloomberg Terminal on Iran early Saturday, coordinated with Washington and limited to missile and air defense sites, was more restrained than many expected and may help diplomatic efforts to return hostages and limit the combat in both Lebanon and Gaza. Israel held off until US Secretary of State Antony Blinken returned to Washington from…
US Treasury Secretary Janet Yellen and China’s deputy finance minister Liao Min met in Washington on Friday to discuss macroeconomic policy developments, including Beijing’s most ambitious stimulus measures since the coronavirus pandemic. China reported third quarter growth of 4.6 per cent, the lowest figure since the same period last year. Beijing has recently announced a…
China’s recent rollout of stimulus is centered around lifting domestic demand and hitting the nation’s annual growth goal, said Vice Finance Minister Liao Min, as investors await a meeting of lawmakers expected to unveil details of Beijing’s crucial fiscal package. “The goals are to enhance the strength of macro policies to expand domestic demand and…
The US government is investigating suspected efforts by Chinese hackers to tap data from phones used by Republican presidential candidate Donald Trump and his running mate J.D. Vance, as well as the campaign of their challenger, Vice-President Kamala Harris, American media reported on Friday. The reports, citing people familiar with the matter, came out around…