US-China


SEC starts the clock on audit-linked Chinese stock delistings

SEC starts the clock on audit-linked Chinese stock delistings

(ATF) The Securities and Exchange Commission (SEC) on Wednesday March 24 began a process that would force foreign companies off American stock exchanges if they refuse to comply with US auditing standards over successive years, and require them to disclose any governmental affiliations.The Holding Foreign Companies Accountable Act, signed into …

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Rubio targets Chinese polysilicon links for US solar energy firms

Rubio targets Chinese polysilicon links for US solar energy firms

(ATF) Republican Senator Marco Rubio and Democratic Senator Jeff Merkley sent a letter on Tuesday March 23 asking the Solar Energy Industries Association (SEIA) to detail measures it or member companies have taken to ensure that solar products sourced from Xinjiang, including polysilicon, are not made using forced labour.“We are …

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More Chinese telcos in the sights of US regulators

More Chinese telcos in the sights of US regulators

(ATF) US regulators have begun legal proceedings that could block three more Chinese state-owned telecom companies of the right to operate in the United States.The three firms – China Unicom America, Pacific Networks and ComNet – failed to adequately prove their American operations were not subject to "undue influence" from …

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'This is not the way to treat guests'

'This is not the way to treat guests'

(ATF) The first meeting between senior US and Chinese officials since Joe Biden became US President got off to a rocky start, with the world's top two powers rattling off a long list of issues on which they have differences as the meeting opened in Alaska.China's actions "threaten the rules-based …

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Blacklisted Chinese firms eye lawsuits after Xiaomi 'win' against Trump ban

Blacklisted Chinese firms eye lawsuits after Xiaomi win against Trump ban

(ATF) Chinese companies blacklistsed by former president Donald Trump are considering lawsuits against the US government after a federal court judge suspended a similar investment ban for the smartphone maker Xiaomi.Lawyers in the US have said some of the banned Chinese companies are in talks with law firms following an …

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Crunch week looms for yields and relative US/China value

Crunch week looms for yields and relative US/China value

(ATF) A spike in US Treasury yields is causing investors to reassess their global risk exposure. Warren Buffett warned this weekend that “bonds are not the place to be”, but Chinese corporate debt offers a big enough spread pick-up to provide comfort about returns.A wave of Treasury selling that took …

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Covid vaccines: Dr Ngozi's first big test as new WTO head

Covid vaccines: Dr Ngozi's first big test as new WTO head

(ATF) The first woman and first African to lead the global trade body says "the WTO is too important to allow it to be slowed down, paralysed and moribund".Ngozi Okonjo-Iweala, 66, is a Harvard-educated development economist who spent 25 years at the World Bank, where she oversaw a portfolio of …

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ByteDance $92m privacy settlement with US TikTok users

ByteDance $92m privacy settlement with US TikTok users

(ATF) ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some US TikTok users, according to documents filed late last week in the US District Court in Illinois.ByteDance, the Chinese company that owns the short-video app that has more than 100 million users in …

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Biden sends warning to China on chips and rare earths

Biden sends warning to China on chips and rare earths

(ATF) President Biden sent an effective warning to China on Wednesday February 24 as he signed an executive order for a review of supply chains that will cover semiconductor chips and rare earths.Biden signed the executive order after a meeting with both Democratic and Republican politicians that he hailed as …

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China's Commerce minister urges business as usual with US

China's Commerce minister urges business as usual with US

(ATF) China's Commerce Minister Wang Wentao said on Wednesday (Feb 24) he is looking forward to trade and economic cooperation with his counterparts in the United States. Wang spoke at a press conference held by the State Council Information Office when a reporter asked him to comment on "the next …

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