Bipartisan lawmakers on Tuesday called for severing more of America’s economic and financial ties with China, including revoking the low tariff rates that the United States granted Beijing after it joined the World Trade Organization more than two decades ago. The House Select Committee on the Chinese Communist Party released a wide-ranging set of recommendations …
China Evergrande Gets Reprieve in Talks With Foreign Investors
Once China’s most prolific property developer, China Evergrande has narrowly averted liquidation. A Hong Kong bankruptcy judge on Monday gave Evergrande another two months to work out a deal with foreign investors who lost money when the company defaulted two years ago with hundreds of billions of dollars in debt. The judge set another court …
Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China
Britain’s only two pandas will soon be returned to China, officials said, in a send-off that has dispirited fans of the playful, waddling bears and signals what appears to be the end, at least for now, of panda diplomacy. “Bamboo bon voyage,” the Edinburgh Zoo of the Royal Zoological Society of Scotland said on its …
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China
The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing …
Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New …
Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New …
Warnings Emerge Over Emirati A.I. Firm G42’s Ties to China
When the secretive national security adviser of the United Arab Emirates, Sheikh Tahnoon bin Zayed, visited the White House in June, his American counterpart, Jake Sullivan, raised a delicate issue: G42, an artificial intelligence firm controlled by the sheikh that American officials believe is hiding the extent of its work with China. In public, the …