Zheng Qinwen has reached her first Grand Slam final. In fact, she is the first person from China to do so in 10 years. Zheng grew up watching the last Chinese Grand Slam winner, Li Na, and has said she has watched the 2014 Australian Open final ‘at least 10 times.’ If you have been …
China’s Rising Debt Spurs Moody’s to Lower Credit Outlook
In another blow to China’s economy, the credit ratings agency Moody’s said Tuesday that it had issued a negative outlook for the Chinese government’s financial health. Moody’s expressed concern at the potential cost to the national government of bailing out debt-burdened regional and local governments and state-owned businesses. Moody’s, which previously viewed China’s finances as …
U.S. Limits China’s Ability to Benefit From Electric Vehicle Industry
The Biden administration proposed new rules on Friday aimed at shifting more production of electric vehicle batteries and the materials that power them to the United States, in an attempt to build up a strategic industry now dominated by China. The rules are meant to limit the role that Chinese firms can play in supplying …