Tag: United States

Could Biden’s Clean Energy Push Be a Victim of Its Success?

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could bidens clean energy push be a victim of its success

Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line. The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both…

Can U.S.-China Student Exchanges Survive Geopolitics?

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can u s china student exchanges survive geopolitics

On a cool Saturday morning, in a hotel basement in Beijing, throngs of young Chinese gathered to do what millions had done before them: dream of an American education. At a college fair organized by the United States Embassy, the students and their parents hovered over rows of booths advertising American universities. As a mascot of a bald eagle worked the crowd, they posed eagerly for photos. But beneath the festive atmosphere thrummed a note of anxiety. Did America still want Chinese students? And were Chinese students sure they wanted…

Shein, the Fast-Fashion Giant, Is Said to Have Filed for an I.P.O.

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shein the fast fashion giant is said to have filed for an i p o

Shein, the ultrafast-fashion retailer founded in China more than a decade ago, has filed confidentially for an initial public offering in the United States, according to a person familiar with the plans for the deal, who was not authorized to speak publicly about it. Some companies keep their paperwork for an initial public offering temporarily under seal so they can prepare for the offering out of the public spotlight. Investors had largely expected Shein to make the move this year, after the historically tight-lipped company began to address a range…

Why China and Boeing Still Need Each Other

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why china and boeing still need each other

Boeing’s commercial aircraft sales to China have slowed to a trickle as U.S.-Chinese relations have soured. But there are new prospects for the company to regain traction. A meeting this month between President Biden and President Xi Jinping of China did not yield public progress toward resuming plane sales, but it may ease tensions between the two countries, boding well for Boeing, a giant of American manufacturing. Perhaps more important, Boeing and China still need each other. “There’s lots of incentives for everyone to do a deal here,” said Eddy…

Two Superpowers Walk Into a Garden

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two superpowers walk into a garden

Edward Wong contributed reporting. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao,…

Day After Xi Meeting, Biden Says U.S. Has ‘Real Differences’ With China

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day after xi meeting biden says u s has real differences with china

President Biden said Thursday that the United States has “real differences with Beijing,” one day after he after he held an hourslong meeting with President Xi Jinping of China at a moment of deep tension between the two countries. Speaking to executives at the APEC summit in San Francisco, Mr. Biden noted that he and Mr. Xi had agreed to resume military to military communication to “reduce the risk of miscalculation” — a line that got a round of applause from the room. “We have real differences with Beijing,” Mr.…

What a U.S.-China Climate Deal Means for COP28

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what a u s china climate deal means for cop28

The United States and China announced an agreement on Tuesday evening to sharply increase clean energy, displace fossil fuels and reduce the emissions that are warming the planet. The deal comes at a pivotal moment for the United States, the biggest climate polluter in history, and China, currently the largest polluter. Together, they account for 38 percent of the world’s greenhouse gases. President Biden and President Xi Jinping of China are set to meet today. And in two weeks, representatives from nearly 200 countries will gather in Dubai as part…

The Rise and Fall of the U.S.-China Economic Partnership

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the rise and fall of the u s china economic partnership

For more than a quarter century, the fortunes of the United States and China were fused in a uniquely monumental joint venture. Americans treated China like the mother of all outlet stores, purchasing staggering quantities of low-priced factory goods. Major brands exploited China as the ultimate means of cutting costs, manufacturing their products in a land where wages are low and unions are banned. As Chinese industry filled American homes with electronics and furniture, factory jobs lifted hundreds of millions of Chinese from poverty. China’s leaders used the proceeds of…

Solar Manufacturing Lured to U.S. by Tax Credits in Climate Bill

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solar manufacturing lured to u s by tax credits in climate bill

Six years ago, an executive from Suniva, a bankrupt solar panel manufacturer, warned a packed hearing room in Washington that competition from companies in China and Southeast Asia was causing a “blood bath” in his industry. More than 30 U.S.-based solar companies had been forced to shut down in the previous five years alone, he said, and others would soon follow unless the government supported them. Suniva’s pleas helped spur the Trump administration to impose tariffs in 2018 on foreign-made solar panels, but that did not reverse the flow of…

U.S. Faces Tricky Questions With African Trade Group

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u s faces tricky questions with african trade group

As the United States seeks to deepen its relationships with African nations and counter the influence of rivals like Russia and China, it confronts a tricky question: How does it respond when countries do things that run afoul of Washington’s stated commitment to democracy and human rights? That tension hung over a major trade conference between the U.S. and African countries that started in Johannesburg this week, after President Biden announced that he was suspending four nations from a critical trade program that aims to promote economic development in Africa.…