President Joe Biden is set to dispatch an unofficial delegation of former top officials to Taiwan following its presidential election, a move that could further strain the US-China relations.
Asia/Pacific
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
China’s Yuan Beats US Dollar as the Top Currency Traded in Russia
China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
China Snubs Ukraine's Volodymyr Zelenskyy in Davos as It Continues to Side With Russia's Vladimir Putin
Ukraine's President Volodymyr Zelenskyy faced disappointment as his attempts to secure a meeting with Chinese officials during the annual World Economic Forum in Davos, Switzerland, were unsuccessful.
Shein Faces Scrutiny From China's Internet Regulator Ahead of US IPO
China's internet regulator is conducting a security review of Shein. China's internet regulator is conducting a security review of Shein as the fast-fashion giant prepares for its initial public offering in the United States.
Latest News
China and Nicaragua have initiated trading under a newly established free trade agreement, which formally started on Monday.
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
China has reportedly recorded its fastest industrial expansion since February 2022 in November. China has reportedly recorded its fastest industrial expansion since February 2022 in November, which signals a complex recovery in the world's second-largest economy.
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
