As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Category: China
-
China’s Exports and Imports Set Records in April Amid High Energy Costs
The New York Times – Business:The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
-
Trump’s Latest Tariff Setback Looms Over China Talks
The New York Times – Business:For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
-
War and Energy Shortages Boost China’s Influence in Asia
The New York Times – Business:The war in Iran has left China’s neighbors appealing for help, handing Beijing the kind of sway it has long sought.
-
American Factories Lag in Adopting A.I. This Drugmaker Is an Exception.
The New York Times – Business:A Bristol Myers Squibb plant that makes cancer drugs was the only manufacturer in the U.S. recognized for innovation by the World Economic Forum this year.
-
Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year
The New York Times – Business:Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
-
As Oil Prices Stay High, China Doubles Down on Wind Power
The New York Times – Business:An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels.
-
Chizi, Standup Comic Exiled in China, Wants to Be More Than Just ‘a Rebel Comedian’
The New York Times – Business:Having gotten into trouble for making jokes critical of the Chinese government, the standup comic Chizi now lives in self-imposed exile. He’s finding that freedom imposes its own constraints.
-
Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws
The New York Times – Business:Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws
-
Why Countries Are Stocking Up on Gold
The New York Times – Business:As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.