Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
Category: China
China pledges $42M to aid struggling property sector
The Chinese government has pledged support for state-owned entities that will allow them to buy unsold apartments.
Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way
The island democracy was early to ban TikTok on government phones, and the ruling party refuses to use it. But a U.S.-style ban is not under consideration.
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
China Is Buying Gold, Sending Prices to Record Highs
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
‘It Is Desolate’: China’s Glut of Unused Car Factories
Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass
Court records, mistakenly made public, tell a story about the birth of ByteDance, its bumpy road to success and the role of the Republican megadonor Jeff Yass’s firm.
‘3 Body Problem’: What Social Media Reaction Says About China
The Netflix series showcases one of the country’s most successful works of culture, a rare cultural export. Instead, social media is condemning it.
Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.