China's ambitious plan to recreate the old Silk Road trading routes across Eurasia and Africa is facing a serious financing challenge, according to the country's senior bankers and government researchers.
Speaking on Thursday at a forum in Guangzhou, capital of southern China's Guangdong province, Li Ruogu, the former president of Export-Import Bank of China, said that most of the… Read more »
Leaders of the House Transportation and Infrastructure Committee today introduced the bipartisan FAA Reauthorization Act of 2018 (H.R. 4), a five-year bill to reauthorize the programs of the Federal Aviation Administration, provide long-term stability for the Nation’s aviation community, continue investment in U.S. airports, and make necessary reforms to improve American… Read more »
Rep. Rick Larsen (WA-02) issued the following statement ahead of voting no for the balanced budget amendment:
“The balanced budget amendment is a back end way to cut health care, Medicare, Medicaid and Social Security. It is a hypocritical, underhanded attack on Americans who are least able to fight for these services,” said Larsen. “After passing a massive, unfair and… Read more »
BEIJING (Reuters) - President Xi Jinping's signature foreign policy plan to build a new “Silk Road” of infrastructure and trade links between China and Eurasia is not a “Chinese plot”, Xi said on Wednesday, according to state media.
Xi's Belt and Road Initiative, unveiled in 2013, aims to bolster a sprawling network of land and sea links with Southeast Asia,… Read more »
Chinese President Xi Jinping on Tuesday said his government would "significantly lower" tariffs on vehicle imports this year as part of efforts to further open its giant economy to the world.
The pledge addresses one of the gripes of US President Donald Trump, who has threatened to impose new tariffs on $150 billion of Chinese goods in a trade dispute between the world's two largest… Read more »
If the Trump administration wins some concessions from China in the latest trade dispute, it could be a boost to U.S.-based multinationals.
"The upside could be big because business as usual wasn't getting the job done in opening up the market in China," said Daniel Rosen, founder and China director of research and consulting firm Rhodium Group.
Last week, the Trump administration… Read more »
BEIJING — President Xi Jinping renewed a pledge Tuesday to open China's markets further for trade and investment, including in its automobile sector, and said he would also work harder to boost imports, in what was seen as a conciliatory speech amid an escalating trade conflict with the United States.
Speaking at annual economic forum 40 years after China began what is known as… Read more »
SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world's most valuable artificial intelligence startup.
The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment… Read more »
On any given day, Skagit County residents recycle a variety of plastic items, from yogurt containers emptied at breakfast to soda bottles drained during for an afternoon pick-me-up.
For years, many of these items have made their way to China — the primary market for recyclables from throughout the United States, including Skagit County.
Now, with China banning the import of… Read more »
President Donald Trump ratcheted up the trade war rhetoric with China on Thursday evening, saying he was considering another wave of steep tariffs on the country's exports to the United States.
"In light of China's unfair retaliation, I have instructed the [United States Trade Representative] to consider whether $100 billion of additional tariffs would be appropriate," the president… Read more »
