Tag: International Trade and World Market

Behind China-U.S. Tensions Are Misunderstandings, Author Says.

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behind china u s tensions are misunderstandings author says

This article is from a special report on the Athens Democracy Forum in association with The New York Times. Keyu Jin was a 14-year-old schoolgirl in Beijing when she transferred as an exchange student to New York. She moved in with an American host family, and attended Horace Mann, a private high school in the Bronx. She was accepted to Harvard University, where she picked up economics degrees, including a Ph.D., and is now an associate professor at the London School of Economics. Steeped in the two cultures — she…

Slowing, Graying and in Debt, Can China’s Industrial Heartland Be Revived?

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slowing graying and in debt can chinas industrial heartland be revived

Hundreds of workers at a factory in Shenyang in northeastern China weld automated machines, 95 yards long, that are used to bore subway tunnels. At another factory there, employees assemble robots that China’s solar panel makers will use to streamline their production. Shenyang is the capital of Liaoning Province, one of three large provinces in the northeast that constitute the cradle of China’s heavy industry. Now the central government, confronting a national economy that has slowed because of a real estate crisis that defies easy fixes, is turning to cities…

China’s Import Curbs on Cosmetics Face Pushback in Europe

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chinas import curbs on cosmetics face pushback in europe

In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturizers and other personal care products. But cosmetics companies from France, Japan, South Korea and the United States, which have invested heavily in China, are missing out on a lot of the action. As China’s cosmetics companies are booming, imports of cosmetics are wilting under regulations that the…

European Union Will Investigate Chinese Subsidies of Electric Cars

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european union will investigate chinese subsidies of electric cars

The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition with China. Chinese automakers have gained a dominant position in the world’s electric vehicles industry and see Europe as a big potential market. Automakers in Europe, who are racing to expand their battery-powered lineups, have expressed concern that they face tough competition against low-priced models from China. Ursula von der Leyen, the president of the European Commission, announced the initiative…

Apple’s Stock Falls on Reports of a Chinese Government iPhone Ban

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apples stock falls on reports of a chinese government iphone ban

Apple’s China conundrum Shares in Apple, the world’s most valuable public company, suffered their biggest single-day fall in a month on Wednesday following a report that China would extend a ban on iPhones for government workers. Any hint that the company’s business in China is under threat would understandably give investors a fright, and its shares are down another 3 percent in premarket trading Thursday morning. But the ripples will be felt more broadly: If one of the most successful operators in the world’s second-largest economy is at risk, can…

China’s Exports Fall for Fourth Straight Month

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chinas exports fall for fourth straight month

The Background Economists had expected the August trade numbers to be slightly worse. A Reuters survey forecast that exports had fallen 9.2 percent in August from a year earlier, and that imports had dropped 9 percent. Exports had plunged 14.5 percent from a year earlier in July. Many multinationals, especially large retailers in the United States, have become worried about the dependence of their supply chains on China as geopolitical tensions have increased in recent years and as international trade disputes have intensified, particularly between the United States and China.…

China Is Flooding the World With Car Exports

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china is flooding the world with car

At a time when many of China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars. Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them. Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large…

Huawei Phone Is Latest Shot Fired in the U.S.-China Tech War

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huawei phone is latest shot fired in the u s china tech war

In the midst of the U.S. commerce secretary’s good will tour to China last week, Huawei, the telecom giant that faces stiff U.S. trade restrictions, unveiled a smartphone that illustrated just how hard it has been for the United States to clamp down on China’s tech prowess. The new phone is powered by a chip that appears to be the most advanced version of China’s homegrown technology to date — a kind of achievement that the United States has been trying to prevent China from reaching. The timing of its…

The U.S. and China Are Talking Again. Where It Will Lead Is Unclear.

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the u s and china are talking again where it will lead is unclear

When Gina Raimondo, the commerce secretary, visited China this week, she joined a long line of U.S. politicians who have come to the country to try to sway Chinese officials to open their market to foreign businesses and buy more American exports, in addition to other goals. Ms. Raimondo left Shanghai on Wednesday night with no concrete commitments from China to treat foreign businesses more equitably or step up purchases of Boeing jets, Iowa corn or other products. In a farewell news conference, she said that hoping for such an…

Factories May Be Leaving China, but Trade Ties Are Stronger Than They Seem

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factories may be leaving china but trade ties are stronger than they seem

The United States has spent the past five years pushing to reduce its reliance on China for computer chips, solar panels and various consumer imports amid growing concern over Beijing’s security threats, human rights record and dominance of critical industries. But even as policymakers and corporate executives look for ways to cut ties with China, a growing body of evidence suggests that the world’s largest economies remain deeply intertwined as Chinese products make their way to America through other countries. New and forthcoming economic papers call into question whether the…