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EU backs investment oversight bill aimed at Chinese firms

The European parliament voted heavily in favour of a comprehensive new plan to tighten screening of foreign investments into the bloc, particularly as an increasing numbers of Chinese-backed deals stoke fears of threats to strategic industries, Reuters reports. The bill won 500 votes for and just 49 against, with 56 abstentions. Although China itself was […]

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Brief Economics & Trade Politics & Society

Trump to meet Xi ‘sometime in March’ as trade talks continue

The two presidents will hold a summit next month, according to a US Department of Agriculture official, after the trade truce’s March 1 expiration date, Reuters reports. Trump previously said that a meeting with his Chinese counterpart will be necessary in finalising any resolution to the ongoing dispute, but earlier this week ruled out the […]

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US bill banning Huawei to be signed ‘within days’, say officials

The White House is on the verge of signing in an executive order that would effectively exclude Chinese telecoms companies from doing business in the US, the SCMP reports, amid rising suspicions of government links and espionage. Although the current draft of the order does not explicitly name China or individual companies, the officials said, […]

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Brief Economics & Trade Politics & Society

Trump mulls delaying March 1 deadline for China trade truce

US President Donald Trump expressed openness to continuing trade negotiations with China beyond the existing deadline of March 1, should the two sides be on the path towards a resolution, the Financial Times reports. “If we’re close to a deal where we think we can make a real deal and it’s going to get done, […]

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US senator proposes bill to counter Made in China 2025

Florida Senator Marco Rubio, a prominent China hawk, has put forward legislation designed to counter Beijing’s large-scale industrial upgrade programme, known as “Made in China 2025,” which lawmakers claim threatens US industry and security, according to the South China Morning Post. The report, titled “Made in China 2025 and the Future of American Industry,” analyses […]