Scott Bessent criticizes Chinese trade negotiator Li Chenggang
U.S. Trade Relations with China: Key Developments In a recent discussion, Treasury Secretary Scott Bessent criticized China’s chief trade negotiator, labeling the situation a “free-for-all.” He noted that the United States is implementing “price floors” and “forward buying” strategies to mitigate potential supply chain issues stemming from Chinese export limitations. This came shortly after President […]
Creative Disruption versus Chinese Disruption
The Nobel Prize Justifies Economic Nationalism, Part II: Why China’s Theft Kills Innovation In a recent review, Joel Mokyr highlighted how political divisions and national sovereignty can be drivers of innovation, focusing on Philippe Aghion and Peter Howitt’s theory of creative destruction. Their theory reveals how China’s ongoing intellectual property theft undermines the foundational aspects […]
Scott Bessent believes Trump’s meeting with the Chinese president will proceed despite the threat of a 100% tariff.
Trump’s Meeting with Xi Jinping Still on, Says Treasury Secretary In Washington, Treasury Secretary Scott Bessent mentioned on Monday that President Donald Trump’s meeting with China’s President Xi Jinping is still set to occur, despite Trump’s recent threats of imposing 100% tariffs. Trump expressed that there “seems to be no reason” for the summit, initially […]
Chinese stocks surge forward as changes put into effect.
Chinese Stocks Outperform Global Peers Chinese stocks are outperforming global markets by the largest margin in eight years, signaling that government efforts to stimulate the market are starting to pay off, although many foreign investors remain hesitant to jump back in. This year, the MSCI China index has climbed by 35%, while the MSCI World […]
Chinese coast guard collides with and damages Philippine ship near island in South China Sea
On Sunday, the Philippine Coast Guard reported that a Chinese coast guard vessel employed a strong water cannon to ram into a Philippine government ship that was anchored near an island inhabited by Filipinos in the contested South China Sea, resulting in minor injuries. Fortunately, there were no injuries among the crew of the BRP […]
Yang Hansen’s ‘Chinese Jokic’ comparison shines in NBA preseason performance.
Portland Trail Blazers’ Draft Choice and Rookie Performance The Portland Trail Blazers found themselves in a position where they couldn’t afford to draft solely for fit. This led to their decision to pick Yang Hansen, a center from China, during the first round of the 2025 NBA Draft, following another lottery center acquisition, Donovan Clingan. […]
Chinese battery stocks decline following new export restrictions on the supply chain
Chinese Battery Manufacturers’ Shares Plunge SHANGHAI, Oct. 10 – Shares in Chinese battery companies took a hit on Friday following China’s announcement of new restrictions on the export of lithium battery components. This decision is seen as a way to tighten control over technologies important for energy storage and electric vehicles. Previously, China had also […]
Trump warns about canceling meeting with Chinese President Xi Jinping and suggests imposing large tariffs on China.
Trump Cancels Meeting with Xi Amid Tariff Threats On Friday, President Trump announced the cancellation of a meeting with Chinese President Xi Jinping that was set for later this month. This decision comes as he threatens to impose significant new tariffs in response to China’s recent export restrictions. “Something very strange is happening in China!” […]
Diplomat dismissed due to connection with woman associated with the Chinese Communist Party
A U.S. diplomat was dismissed on Wednesday after the State Department discovered he was involved in a romantic relationship with a Chinese woman linked to the Chinese Communist Party. This was confirmed by Fox News. Tommy Piggott, the State Department’s chief spokesman, stated that President Trump reviewed the situation and approved the diplomat’s termination. The […]
CF PharmTech, a Chinese pharmaceutical firm, jumps 224% in its trading debut in Hong Kong.
Market Update The median rent for a one-bedroom apartment in Hong Kong is projected to be $2,421 by 2025. On Wednesday, gold spot prices surged to $4,000 for the first time, driven by a strong demand for secure assets. According to Vivek Dahl, who leads the commodities sector at Australia’s Commonwealth Bank, this increase likely […]