China’s president, Xi Jinping, calls Mr. Gates “the first American friend I met in Beijing this year.”
Category: China
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Bipartisan Bills Would Change a 100-Year-Old Trade Law
Critics say the law gives an unfair advantage to e-commerce companies from other countries, including some where forced labor is an issue.
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TikTok, Shein and Other Companies Distance Themselves From China
Companies are moving headquarters and factories outside the country and cleaving off their Chinese businesses. It’s not clear the strategy will work.
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Global Oil Demand Is Set to Slow
The International Energy Agency said oil consumption will hit a peak in a few years, with shrinking gasoline use after 2026.
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Yellen Says Bid to Decouple From China Would Be ‘Disastrous’
The Treasury secretary, speaking to a House committee, said trade and investment were crucial in U.S.-Chinese relations.
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A Saudi-China Business Conference Underscores Strengthening Ties
The kingdom hosted a lavish Arab-China business conference days after a visit from the American secretary of state, inviting companies blacklisted by the United States.
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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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Investors Sour on China’s Stocks, Renewing Fears About Economy
They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery.
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China Crosses Milestone With C919 Flight but Has Long Way to Go
The C919 jet, made by a state-owned manufacturer, completed its first commercial flight. But Western rivals still supply most of China’s planes.