China News and Economic Developments
Senate Banking Committee advances AI hearing on affordability, finance and U.S. competitiveness
Artificial intelligence is becoming a central policy issue for U.S. lawmakers as its use expands across small business, consumer finance and national security. At a Senate Banking Committee ...
U.S. lawmakers propose foreign investment review board amid scrutiny of Trump trade-linked deals
Democratic lawmakers are moving to create a new federal body to screen direct foreign investment tied to trade agreements and other U.S. economic actions. The proposal comes as President Donald ...
U.S. Treasury sanctions nine over Iran weapons procurement network
Washington is intensifying financial pressure on Iran by targeting overseas channels used to source weapons and move related payments. The latest measures hit individuals and companies in China ...
U.S. companies face persistent China critical minerals constraints, USCBC says
Beijing's export controls on key rare earths continue to disrupt U.S. industrial supply chains, even after a U.S.-China understanding that the White House said would remove current and proposed ...
U.S. House panel examines Chinese money laundering networks' role in cartel finance
Lawmakers are intensifying scrutiny of how Chinese money laundering networks help drug cartels move illicit proceeds through the U.S. financial system. A House Financial Services oversight hearing ...
China Unicom warns FCC interconnection proposal risks global telecom disruption
A new U.S. telecom security proposal is drawing warnings from international carriers with cross-border network exposure. China Unicom's U.S. unit says the planned restrictions could disrupt global ...
Chinese man sentenced to 11 years for stealing 107 BTC via memorized seed phrase
A resident of Qingdao, China, has been sentenced to 10 years and 9 months in prison for stealing 107 BTC from an acquaintance after gaining access to the victim’s cryptocurrency wallet ...
China crude import cuts help cap oil prices below $100
China’s sharp pullback in crude imports has helped keep oil prices below $100 a barrel even as the U.S.-Iran war disrupts one of the world’s most important energy corridors. Analysts say ...
U.S. auto market may open to Chinese EV sales within years
Pressure is building on the U.S. auto market as Chinese electric vehicle makers expand globally and American manufacturers remain slower to scale affordable EV offerings. Industry analysts say ...
House panel links China to fentanyl supply chain as sanctions renewal push gains traction
U.S. lawmakers are sharpening scrutiny of China’s role in the fentanyl trade as the House Foreign Affairs East Asia and Pacific Subcommittee holds a hearing on the crisis. The session coincides ...
China export curbs deepen tungsten supply shock for U.S. defense and industry
Wars in Ukraine and Iran are tightening global supplies of tungsten, a critical metal used in munitions as well as industrial tools and equipment. The pressure is especially acute for the U.S., ...
EU trade push advances as bloc faces China coercion risk
The European Union is accelerating its trade agenda by concluding a string of preferential agreements while trying to strengthen its position in a more confrontational global market. The recent ...
U.S. Treasury defends Trump economic security agenda amid China supply chain concerns
Against a backdrop of renewed U.S.-China economic rivalry, Treasury Secretary Scott Bessent says the United States is trying to undo decades of policies that left key industries and supply chains ...
China oil imports may fall to pandemic-era lows
Chinese oil imports may fall to their lowest level since the pandemic, and the war around Iran has only made that shift more visible. For the global market, this is a worrying signal: the ...
EU tariffs gain support as Europe weighs barriers against Chinese imports
Europe’s debate over industrial competitiveness and trade security is intensifying as weak German output and softer euro zone exports sharpen concern over dependence on Chinese manufacturing. ...
Iran war accelerates Kazakhstan rail project between China and Europe
Escalation in the Middle East is reshaping trade routes between Asia and Europe. Amid risks around the Strait of Hormuz, Kazakhstan is speeding up railway infrastructure development as it seeks ...
Pentagon Beijing talks face Taiwan arms package pressure
Tensions over U.S. military support for Taiwan are complicating planned defence diplomacy between Washington and Beijing. China is delaying approval for a possible summer visit by the Pentagon's ...
EU plans supplier diversification rules for critical industrial inputs
The European Union is preparing measures that could require companies in strategic industries to spread purchases of critical components across multiple suppliers as it tries to curb supply chain ...
White House outlines U.S.-China trade and investment boards after Beijing summit
Washington is detailing a new framework for managing economic friction with China after President Donald Trump’s summit with Xi Jinping in Beijing. The measures include proposed trade and ...
Senate Foreign Relations Democrats criticize Trump-Xi summit over Taiwan, trade and AI
Democratic senators on the Senate Foreign Relations Committee are criticizing President Donald Trump's summit with Chinese President Xi Jinping in Beijing as a setback for U.S. security and ...
U.S. State Department outlines China risk management, trade and security priorities
Amid high-level U.S. engagement with Beijing, Secretary of State Marco Rubio says Washington sees China as both its top geopolitical challenge and a relationship that must be managed to preserve ...
