Chinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said. US-listed Alibaba is aiming to file an application in Hong Kong as early as the second half of […]
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed. The restrictions would limit Hikvision’s ability to buy U.S. technology and American companies may have to obtain government approval to supply components to the […]
China’s ambassador to the United States said in a Tuesday interview with Fox News that Washington repeatedly “changed its mind overnight” and sunk deals that could have ended the two countries’ trade war. Ambassador Cui Tiankai also slammed as “politically motivated” the White House’s move to ban the transfer or sale of US technology to […]
Highlights:China announced that it will increase tariffs on about $60 billion of U.S. goods in retaliation for President Donald Trump’s latest escalation of the trade warThe U.S. Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit […]
Furniture makers like Yang’s Sunrise Furniture Co., based in the industrial heartland of Dongguan in southern China, already had wafer-thin profit margins after years battling rising labor and other costs. A Bloomberg Economics analysis of almost 1,000 companies in major export sectors found “not many” can survive tariffs of 25%.