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The United States Department of Commerce's Bureau of Industry and Security stated that the new export controls were a part of a series of targeted updates to its export controls as part of BIS's ongoing efforts to protect U.S. national security and foreign policy interests. [1]
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and ...
Robert Lighthizer, Trump's trade adviser, has vowed to take a strategic decoupling approach in dealing with the U.S.-China economic relations, Zhao noted, "that means significantly decreasing U.S ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust , have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations.
Chinese leader Xi Jinping with former U.S. President Joe Biden at the 17th G20 in Bali, November 2022.. The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
The three U.S.-China joint communiques issued between 1972 and 1982 that form the basis of diplomatic relations use both terms, "PRC" and "China", to refer to Beijing.
In December 2023, the committee released a set of 150 legislative recommendations to "reset" US economic relations with China. [ 10 ] In 2023, the committee issued a report describing an illegal biolab in Reedley , California, and accused a lab worker and a citizen of China, of "transporting infectious diseases as well as stealing American and ...
Treasury Secretary Janet Yellen is on a mission to repair the fragile yet vital relationship between the United States and China. That mission will kick into high gear next year.