Beijing and Moscow have intensified their diplomatic and economic partnership since President Vladimir Putin sent troops into Ukraine in 2022.
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Posted inBusiness, Nation & World, News
Biden administration announces $6.6 billion to ensure microchips are built in the U.S.
The funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing.
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Posted inNation & World, News
Yellen says U.S.-China relations on ‘more stable footing’ but more can be done to improve ties
Yellen, who is regarded favorably in China, is the first Cabinet member to visit since Presidents Biden and Xi Jinping met in California in November.
Posted inBusiness, News
China carefully scrutinizes U.S. envoy’s … chopstick skills?
The breathless state media coverage of Janet Yellen’s dining choices underlines how Beijing sees the U.S. treasury secretary as its best hope for improving trade ties with Washington.
Posted inBusiness, Nation & World, News
Migrant workers who helped build modern China have scant or no pensions, and can’t retire
China’s first generation of migrant workers played an integral role in the country’s transformation from an impoverished nation to an economic powerhouse.
Posted inBusiness
Big brands could pivot easily if TikTok goes away. For many small businesses, it’s another story
A lot of ‘what ifs’ surround a bill the U.S. House passed last week that would mandate TikTok′s Beijing-based parent company to sell its stake in the platform or face a nationwide ban.
Posted inBusiness, Nation & World, Politics
Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok
‘This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,’ he said.
Posted inBusiness, Nation & World, News
Biden says he’d sign bill that could ban TikTok if Congress passes it
A House committee advanced the bill on a unanimous bipartisan vote, 50-0, on Thursday after TikTok users flooded congressional offices with calls protesting the measure.
Posted inBusiness, Nation & World, News
Chinese hacking industry linked to the state through connections, alcohol, and sex, leak reveals
China’s hacking industry, leaked internal documents reveal, is vast in size and scope but also suffers from shady business practices, disgruntlement over pay and work quality, and poor security protocols.
Posted inBusiness, Nation & World
Biden orders U.S. investigation of national security risks posed by Chinese-made ‘smart cars’
The probe could lead to new regulations aimed at preventing China from using sophisticated technology in so-called connected vehicles to track drivers.