China's holdings of Treasuries rose by the most in six months, underscoring the attractiveness of U.S. assets even amid trade tensions between the world's two largest economies.
China's ownership of U.S. bonds, bills and notes increased by $8.5 billion to $1.18 trillion in February, according to data released by the U.S. Treasury department on Monday. China remained the largest… Read more »
For decades, China was the world's largest importer of waste — a status that many countries took for granted, going by the reaction to Beijing's surprise decision to stop taking in 24 types of scraps starting 2018.
More than three months into the ban, waste exporters are still scrambling for an alternative to China, experts told CNBC.
Different ideas have been thrown out:… Read more »
While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story.
"If you start looking much more inwards, and focus within your little population of 40 or 50 million, you lose sight of the big picture," Adan Mohamed, Kenyan minister of industry, trade… Read more »
Chinese President Xi Jinping has sent a clear message of Beijing's disapproval over growing ties between the United States and Taiwan by ordering live-fire drills in the Taiwan Strait.
The drills, to be held this coming Wednesday, will mark the first time the Chinese Navy has held drills with live ammunition in the strait since September 2015, in the lead-up to the self-ruled island's… Read more »
– Rep. Rick Larsen (WA-02), a member of the House Armed Services Committee, today issued the below statement in response to last night’s airstrikes in Syria:
“The international community has long condemned the use of chemical weapons. Their use in the 21st century as a tool of war violates international norms. Using them against civilians is especially… Read more »
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 »
