China funds slash ETF fees, escalating price war in booming market
Erin Gibbs, chief investment officer at Main Street Asset Management, discusses whether the U.S. dollar is at risk of losing its status as the world's reserve currency on “Making Money.” SHANGHAI/HONG KONG – A major Chinese fund company on Wednesday announced sharp cuts in fees for a range of exchange-traded funds (ETFs), intensifying price competition […]
China Tariffs Will Not Push Up Walmart’s Prices
What Target Says About Walmart Target's plight conveys the following message: People who think Walmart will raise prices In response to President-elect Donald Trump's likely increase in tariffs on imports from China. Message: That's not happening. Target's stock price plummeted Sales fell more than 21% on Wednesday, the biggest drop since the pandemic-era plunge in […]
‘Resurgence’ in China aid to Pacific amid tussle with US for influence | Pacific islands
China is making fresh efforts to drum up support for Pacific island nations, a new report has found, after marking a “revival” of state-backed aid and infrastructure funding. Over the past decade, China has lavished billions of dollars on Pacific island nations as part of its ongoing efforts to compete with the United States and […]
Pacific island governor backs $800m US military upgrade amid China threat | Pacific islands
The governor of the Northern Mariana Islands says an $800 million U.S. military buildup plan that includes new airfields in the Pacific territory “must happen” amid concerns over China's recent missile tests in the region. . Tinian, with a population of approximately 3,500 people, is one of the three major islands of the Commonwealth of […]
Mob Drags Driver Out of Car, Beats Him After Car Ramming Incident in China
A man drove an SUV into a crowd of students and pedestrians outside a school in the Chinese city of Changde on Tuesday, injuring numerous people, but no fatalities were reported. Chinese authorities have released few details about the incident, but if the collision was intentional, it would be China's third mass casualty vehicle attack […]
Bipartisan panel urges Congress to toss out decades of trade policy they say China has been exploiting
The federal China Commission released a massive annual report to Congress on Tuesday, urging lawmakers to repeal China's preferential trade status and eliminate a provision that allows goods valued at $800 or less to be imported into the United States duty-free. Recommended for the first time. U.S.-China Economic Security Review Commission, Established by Congress as […]
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned on Friday that President-elect Trump's reported plan to cut consumer subsidies for electric vehicles (EVs) would benefit China. “What do you do when you remove these credits? You end up ceding territory to other countries, especially China,” Granholm told reporters at the COP29 global climate summit in Baku, Azerbaijan. He […]
Marco Rubio, Secretary of State Choice, Is Sanctioned by China and Faced Alleged Venezuela Assassination Plot
Sen. Marco Rubio (R-Fla.), who served in the U.S. Senate for more than a decade and was President-elect Donald Trump's pick for secretary of state, has often fought against the interests of repressive communist and socialist states. As a result, the Chinese Communist Party expelled him from the country, and there are also suspicions of […]
Biden concludes foreign diplomacy in region where US overshadowed by China
In what will likely be President Biden's last diplomatic trip, he will soon head to South America to meet with world leaders, including Chinese President Xi Jinping. Biden will first visit Lima, Peru, to attend the Asia-Pacific Economic Cooperation summit, where he will meet with Xi in what could be his last meeting as head […]
Republican introduces bill to revoke normal trade relations with China
A top Republican focused on America's competition with China introduced a bill on Thursday to end normal trade relations with China. Rep. John Moolener (R-Mich.), chairman of the House Select Committee on the Communist Party of China, proposed reversing China's Permanent Normal Trade Relations (PNTR) policy, which has been in place for more than 20 […]