Beijing has clashed with a number of Western nations over proposed global rules to govern the $25 trillion e-commerce industry, sources told Bloomberg, potentially leading to China being excluded from the agreement. Negotiations for the new rules will begin on Friday at Davos, at which industry leaders will hash out a cross-border legal framework to […]
Category: Politics & Society
The White House has rejected an offer by two Chinese lower-level ministers to visit Washington later this week for preliminary talks, claiming that negotiations are still failing to progress on two key issues, the Financial Times reports. The two vice-ministers, Wang Shouwen and Liao Min, planned to attend a series of talks in preparation for the […]
The US Justice Department will move ahead with plans to seek extradition of Huawei Chief Financial Officer Meng Wanzhou from Canada, Reuters reports, after her arrest at an airport in December. Lawmakers claim that Meng deliberately misrepresented Huawei’s ties to a company with operations in Iran, in an effort to circumvent US sanctions on the […]
The number of newborns in China last year was the lowest since the rule of Mao Zedong, Bloomberg reports, demonstrating that Beijing’s decision to lift the one-child policy has had little effect. In 2018, 15.23 million Chinese babies were born, according to the National Bureau of Statistics, marking a decline of 2 million from the […]
China’s trade war contingent made an unexpected proposal to their American counterparts to get rid of the bilateral trade surplus by 2024, according to officials speaking to Bloomberg. The plan would require China boosting its imports from the US by over $1 trillion worth of goods over the six-year period. Last year China’s trade surplus […]