China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.
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Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.
Shares of Alibaba fell sharply on Tuesday after the Chinese tech giant's net profit plunged in the fiscal fourth quarter.
This is CNBC's live blog covering European markets.
HONG KONG (AP) — Hong Kong’s leader on Tuesday urged foreign governments to respect its overseas-based trade offices after a staff member in its London branch was charged in Britain for allegedly working for the Chinese city’s intelligence service.
When China’s top leader, Xi Jinping, hosts President Vladimir V. Putin of Russia in China this week, it will be more than two years since the two autocratic leaders declared a “no limits” partnership to push back against what they consider American bullying and interference.
For decades, China has moved methodically to dominate ever more industries, from toys and clothing in the 1980s to semiconductors and renewable energy today. China now produces a third of the world’s manufactured goods — more than the United States, Germany, Japan, South Korea and Britain combined. Its trade surplus in these goods is equal to a tenth of the entire Chinese economy.
In his first major policy address as Singapore’s prime minister in 2004, a 52-year-old Lee Hsien Loong launched into a three-hour speech by opening with the questions: “What would the new PM be like? Would he be his own man? What mark would he put on Singapore?”
Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC.