ASIA: US President Donald Trump raised questions on Wednesday about plans by China’s ByteDance to keep a majority stake in the U.S. operations of popular social media platform TikTok after six Republican lawmakers urged him to reject the proposal. Trump said he would be briefed on Thursday about a proposal that calls for Oracle Corp […]

ASIA: The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump’s trade war with China. WTO’s three-member panel said the US duties broke trading rules because they applied only to China and were above maximum rates agreed to by the United States. […]

ASIA: China’s industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis. Industrial output growth quickened to 5.6% in August from a year earlier, the fastest in […]

ASIA: Byte Dance has abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp it hopes will spare it a US ban while appeasing the Chinese government. ByteDance had been in talks to divest TikTok’s US business to either Oracle or a consortium led by Microsoft […]

ASIA: China has imposed “reciprocal restrictions” on all American diplomats at the US embassy and its consulates in China, including the consulate in the Hong Kong Special Administrative Region in China, in response to US restrictions on the Chinese embassy and consulates, according to Chinese Foreign Ministry on Friday. The relevant measures apply to senior […]

ASIA: The US says it has revoked the visas of more than 1,000 Chinese students and researchers who are deemed to be a security risk. The move follows a proclamation by President Donald Trump in May aimed at Chinese nationals suspected of having ties to the military. He said some had stolen data and intellectual […]

ASIA: Some 92% of respondents to a survey released Wednesday by the American Chamber of Commerce in Shanghai said they were committed to remaining in the country even as the US-China relationship continues to fracture. According to the findings, more than a quarter of the US firms surveyed said that they expected US-China trade tensions […]

ASIA: The Trump administration is considering imposing export restrictions on China’s largest chip manufacturer Semiconductor Manufacturing International Corporation (SMIC). On Monday, SMIC Hong Kong listed shares plunged more than 20%. President Donald Trump said he intends to curb the US economic relationship with China, contrasting himself with Joe Biden by threatening to punish any American […]

ASIA: China may gradually cut its holdings of US Treasury bonds and notes, in light of rising tensions between Beijing and Washington, the Global Times reported. With China-US relations deteriorating over various issues including coronavirus, trade and technology, global financial markets are increasingly worried if China would sell the US government debt it holds as […]

ASIA: China’s population is projected to drop by half by 2100, calling into question the country’s future economic growth in the face of a sharp decline in its labor force. In contrast, America’s population and labor force is likely to be sustained if the Trump administration’s policy of reducing US immigration level is reversed. The […]