China’s Xi Jinping and Russia’s Vladimir Putin hit back at US global economic dominance on Friday as they took the stage together at Russia’s showcase business forum. With China embroiled in a trade war with Washington and Russia under Western sanctions, Xi and Putin lashed out at “inequalities” in the global economic system and vowed … Read more
Founder of Huawei has described moves by the United States of America’s President Donald Trump to ban Chinese companies in Europe as being politically and economically motivated. In a statement, Zhengfei maintained that his firm does not spy for China. While he accused the US of making such moves in levelling criminal charges against … Read more
An escalation of the United States and China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed yesterday. The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, … Read more